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Trade War Escalation, U.S. Price Risks, BOE Wild Card: Eco Day

Zoe Schneeweiss

  

Good morning Americas. Here’s news from Bloomberg Economics to help get your Wednesday started:

  • U.S. President Donald Trump is pushing his trade conflict with China toward a point where neither side can back down .
  • The tightest trucking market in years is testing the limits of an otherwise well-conditioned U.S. economic expansion and it’s also tinder for accelerating inflation
  • Here’s why Britain’s political turmoil fanned by Brexit may be the last hurdle for a Bank of England interest-rate increase in August
  • Meanwhile, Bloomberg Economics estimates that a big win for England’s soccer team in the World Cup semi-final could offer a fleeting boost to GDP growth -- but the more important match is in Brussels
  • In Poland, the central bank is so confident about the state of the economy that it may be ready to start charting monetary policy beyond this decade, while in Croatia the government is set to back Boris Vujcic to lead the country’s central bank for another six-year term
  • Malaysia’s central bank kept its benchmark interest rate steady in the first policy meeting under a new governor
  • Japan’s record spending on defense is shaping up as a bright spot in bilateral trade with the U.S.
  • Here’s one economy defying the jittery global mood. Chile’s government has raised its growth forecast to 3.8 percent on the back of rebounding copper prices

Read Trade War Escalation, U.S. Price Risks, BOE Wild Card: Eco Day on bloomberg.com