economics

Fed Decision Takeaways, China Expo, Draghi on Brexit: Eco Day

Fed Decision Takeaways, China Expo, Draghi on Brexit: Eco Day

  • India still grappling with aftermath of Modi’s cash-note ban
  • Moody’s warns a world of pain awaits Turkey and Argentina
Rupkey Says Pace of Fed Hikes Depends on Unemployment Data

Happy Friday, Asia. Here’s the latest news from Bloomberg Economics:

  • The Federal Reserve left interest rates unchanged and stayed on course to hike in December despite recent jitters in financial markets and a critical president; see the key takeaways from our economists here
  • The multi-billion dollar deals done at the China International Import Expo in Shanghai this week show both how the nation is opening up, and what barriers still remain
  • Two years after India’s Prime Minister Narendra Modi shocked the nation by banning high-value cash notes, the opposition is still trying to score political points from the damage done to the economy
  • European Central Bank President Mario Draghi expects Brexit negotiations to lead to a “gradual transition,” though he also warned of the risk of financial instability if there is no deal
  • Turkey and Argentina may have put their currency crises behind them but a world of pain awaits their economies in the coming quarters, says Moody’s Investors Service