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Fed Wary of Negative Rates, Thailand Currency Challenge: Eco Day

Published 09/11/2019, 07:29 PM
Updated 09/11/2019, 11:27 PM
© Reuters.  Fed Wary of Negative Rates, Thailand Currency Challenge: Eco Day

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

  • Federal Reserve Chairman Jerome Powell and his colleagues are loath to follow Europe and Japan into negative interest rate territory -- no matter what President Donald Trump might want
  • Meanwhile, Trump triggered a swift and skeptical reaction with his demand Wednesday for the Fed to lower rates “to zero, or less”
  • Thailand’s effort to revive economic growth with more than $10 billion of stimulus faces an obstacle from its surging currency
  • Malaysia’s central bank is likely to keep interest rates unchanged today, although pressure is building for more easing as U.S.-China trade risks continue to rage
  • Low unemployment in the Philippines may be masking the fact that more people are opting not to work -- and preferring to stay in school for longer
  • Argentina’s presidential front-runner Alberto Fernandez should hold a press conference sometime today -- that’s an opportunity to clarify his views about the economy, writes Adriana Dupita

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