Weidmann Exit, RBA Under Pressure, Fed’s Modest Growth: Eco Day

(Bloomberg) — Welcome to Thursday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

  • Jens Weidmann’s decision to quit as Bundesbank president offers a unique opportunity to reshape the inflation-fighting institution
  • Weidmann’s greatest impact at the ECB may be felt at the Governing Council’s meeting in December, says Bloomberg Economics
  • Australia’s central bank is facing pressure for the type of review that’s been conducted at institutions from Washington to Wellington
  • The U.S. economy grew at a “modest to moderate rate” while some districts noted growth slowed on  supply constraints, the Fed said
  • The U.K. sealed a trade deal with New Zealand, its latest post-Brexit accord as it seeks new economic allies after leaving the EU
  • Global demand for Taiwanese products defied headwinds and predictions of a slowdown as export orders accelerated
  • Inflation concerns rather than exuberance about the first U.S. Bitcoin futures ETF is driving the digital currency to record highs
  • Bloomberg Economics examine which emerging markets are most at risk from rising commodity prices and higher rates
  • Mexico and the IMF are discussing a plan to reduce the nation’s $63 billion precautionary credit line by 20%
  • The next recession could come courtesy of the Fed, Stephanie Flanders says in her weekly Podcast
  • The U.S. blasted China’s trade policy, accusing its economic rival of failing to play by the rules of global commerce for two decades

More stories like this are available on bloomberg.com

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