Trump’s Common Ground, Fed Survey, German Warning: Eco Day

(Bloomberg) --

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

• The Federal Reserve and President Donald Trump may be at loggerheads over interest rates, but they have one thing in common right now: the resilient U.S. labor market is helping both be more patient
• Meanwhile, Fed officials won't allow the 2020 presidential election to sway their monetary policy decisions and will keep interest rates on hold for the next two years, according to economists surveyed by Bloomberg
• Germany got a sharp reminder that its key industries have a long way to go to overcome a slump that's already lasted more than a year and tipped the economy close to recession
• The global economy is struggling to find its way out of the slow lane, according to the Bloomberg Economics global GDP growth tracker
• Five weeks since Mario Draghi retired from running the European Central Bank, finding an outright fan of his legacy of negative interest rates has become a lot harder
  • Here's everything you need to know about Phil Hogan -- the man Europe picked to confront the U.S. on trade
• In what has been the undoing of previous French governments, unions representing everyone from transport workers to lawyers, doctors, teachers and students are going on an indefinite strike, starting Thursday
• India's central bank defied expectations for a rate cut, preferring to keep its arsenal dry in case growth in Asia's third-largest economy struggles to recover strongly in coming months
• Finally, here's the latest Stephanomics podcast, showing there is more at stake than just Brexit in the U.K. election

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, Lucy Meakin

©2019 Bloomberg L.P.

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