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This Article is From Nov 04, 2019

Trade Progress, Satisfied Fed, BOE’s Brexit Headache: Eco Day

Trade Progress, Satisfied Fed, BOE’s Brexit Headache: Eco Day

(Bloomberg) --

Good morning Americas. Here's the latest news and analysis from Bloomberg Economics to help get your week started:

  • The U.S. and China signaled further progress on Monday toward a breakthrough in trade talks that could culminate in a meeting between Donald Trump and Xi Jinping later this month
  • Federal Reserve policy makers are satisfied with the stance of monetary policy even if Trump isn't
  • The Bank of England's Monetary Policy Report this week will unveil more than just a new name for its predictions
    • Meanwhile, the early U.K. election in December is creating confusion in the Treasury's search for a new BOE governor
    • Staying in the U.K., government spending is heading for a return to levels not seen for four decades regardless of who triumphs in the upcoming election, according to the Resolution Foundation think tank
    • When Mario Draghi ended his term as European Central Bank president last week with a call for government policies to be “mutually aligned” with those of his institution, the message came with an unspoken caveat -- it might not be enough
      • The Christine Lagarde-era at the ECB is underway and the new president gets her first chance to frame her outlook for the economy and monetary policy publicly on Monday
      • As the world's central banks loosen monetary policy to support growth and rekindle inflation, central banks in eastern Europe reckon the best option for now is to do nothing
        • Almost two years after Latvia's central-bank governor was detained in a bribery probe, he's getting the chance to prove his innocence in the courtroom
        • Australia's monetary policy easing has driven interest rates down to levels where they could be doing more harm than good for the economy
        • To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net

          To contact the editors responsible for this story: Paul Gordon at pgordon6@bloomberg.net, Zoe Schneeweiss

          ©2019 Bloomberg L.P.

          Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.

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