U.S.-China Trade Deal, Powell vs MMT, Trashing the Fed: Eco Day
(Bloomberg) -- Welcome to Monday, Americas. Here's the latest news and analysis from Bloomberg Economics to help get your day and week started:
- The U.S. and China could be close to a deal that would cancel most of the U.S.-imposed tariffs, say people familiar with the discussions
- Federal Reserve Chairman Jerome Powell has trashed Modern Monetary Theory, but Wall Street sees room for the U.S. to try it
- President Donald Trump's attempts to blame Powell for any hiccups in the U.S. economy have made a comeback -- this time directed at his conservative base as he gears up for a tough 2020 re-election campaign
- Central bankers across Europe are feeling the Trump-style heat of political pressure
- Scratch below the surface of the euro area's dismal economic numbers and there's a glimmer of hope that things could improve
- A year after the election that led to Italy's populists taking power, the economic outlook is more precarious and the warnings across Europe are growing louder
- China is planning to cut the value-added tax rate that covers the manufacturing sector by 3 percentage points as part of measures to support the slowing economy, a person familiar with the matter said
- A look at the key battles for President Xi Jinping as the National People's Congress meetings get underway in Beijing
To contact the reporter on this story: Zoe Schneeweiss in London at zschneeweiss@bloomberg.net
To contact the editors responsible for this story: Fergal O'Brien at fobrien@bloomberg.net, Brian Swint
©2019 Bloomberg L.P.
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