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Fed Consumer Warning, Dudley Tries Again, Johnson Mess: Eco Day

Published 09/04/2019, 07:20 PM
Updated 09/04/2019, 09:23 PM
© Reuters.  Fed Consumer Warning, Dudley Tries Again, Johnson Mess: Eco Day

(Bloomberg) -- Welcome to Thursday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

  • Fed officials are weighing competing forces in the economy: resilience of the consumer versus the fallout from uncertainty around trade disputes and weaker global growth
  • Indeed, there’s a lot of weight on the shoulders of shoppers around the world, and the strain is starting to show
  • What I meant when I said ‘don’t enable Trump,’ by Bill Dudley
  • British PM Boris Johnson’s premiership was thrown into crisis after Parliament dealt a triple blow to his radical plan for breaking away from the EU
  • As global central banks swing back into easing mode, old tools long frowned upon by monetary purists are being embraced to ensure cash goes where it’s needed
  • China’s cabinet signaled that a reduction in the amount of funds banks have to hold in reserve is on the way, in a move aimed at releasing cash into the slowing economy
  • The withdrawal of the Extradition Bill that sparked months of civil unrest in Hong Kong raises some hope for its economy, but any recovery will be a long haul, writes Qian Wan
  • ECB presidential nominee Christine Lagarde pledged to act with “agility” against inflation that is persistently too low
  • If Italian PM-designate Giuseppe Conte wanted to prove his government is one Europe can now do business with, his choice of finance minister might be exhibit A
  • India’s government is increasingly relying on one-time revenue measures to plug its budget gap, raising questions about how it will finance spending pledges further out
  • Argentina’s escalating financial crisis is prompting economists to replace forecasts for a rebound in growth in 2020 with predictions of a third year of contraction
  • The economic fallout of President Donald Trump’s trade war is becoming easier to see. The endgame -- not so much, writes Bryce Baschuk in the latest Terms of Trade

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