ECB Decision Day, Fed's Plain English, China's Slowdown: Eco Day

  • Powell announces press conferences after every FOMC meet
  • ECB may announce QE exit plan after council meeting in Riga
ECB's Inflation Focus Makes No Sense, Embark CIO Says

Welcome to Thursday, Europe. Here’s news from Bloomberg Economics to help get your day started:

  • Everything you need to know about today’s European Central Bank meeting
  • It could get awkward: host nation Latvia’s finance minister praised the ECB’s “neutral” attitude on corruption accusations against the country’s governor
  • After the Fed’s rate hike, Chairman Jerome Powell signaled growing optimism on the U.S. economy while trying to reassure that the central bank would not derail the country’s second-longest expansion
  • At the same time, Powell left Fed watchers scratching their heads over ever-bigger questions
  • China’s central bank held off from immediately raising borrowing costs following the U.S. Federal Reserve, just as economic data for May showed that the economy is losing steam
  • In Japan, cashed-up grannies splurging on their grandchildren are helping to keep the economy ticking over
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