Fed Gifts Breathing Room, BOE Hints on Slow Hikes: Eco Day
(Bloomberg) -- Go inside the global economy with Stephanie Flanders in her new podcast, Stephanomics. Subscribe via Pocket Cast or iTunes.
Welcome to Thursday, Americas. Here's the latest news and analysis from Bloomberg Economics to help get your day started:
- It was a fairly predictable Federal Reserve interest-rate hold, but Jerome Powell riled things up a bit Wednesday in Washington with comments on inflation that damped rate-cut projections for 2019
- The Fed's message of patience gave central bankers in Asia more room ahead of a big week of decisions
- The Bank of England signaled that the market is slightly underpricing the outlook for interest-rate increases over the next three years as long as Brexit goes smoothly
- The Czech central bank raised interest rates to the highest in a decade as a persistently weak koruna adds to inflationary pressure
- The euro area's manufacturing slump showed tentative improvement in April as Italy's contraction slowed markedly and French industry stopped shrinking
- The U.S. and China both surprised with strong expansions in the first three months of 2019, yet their imports remained weak, meaning a limited growth cascade onto export powerhouses Germany and South Korea
To contact the reporter on this story: Zoe Schneeweiss in London at zschneeweiss@bloomberg.net
To contact the editor responsible for this story: Fergal O'Brien at fobrien@bloomberg.net
©2019 Bloomberg L.P.
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