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

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

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(Bloomberg) -- 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

To contact the reporter on this story: Chris Bourke in Sydney at cbourke4@bloomberg.net

To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Matthew Brockett

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