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Wednesday, March 20

20th Mar - Fed says no hikes in 2019 #4050




EUROPE
Italy’s Risky Silk RoadProject Syndicate
The Italian government is keen to join China’s "Belt and Road Initiative" and plans to sign an agreement to this effect during Chinese President Xi Jinping’s upcoming visit to Italy. But although deeper trade and investment ties with China could boost its sluggish economy, Italy should pursue them through the EU, not bilaterally.

European foreign policy: a new realism on China FT
Rattled by Beijing’s economic clout, the EU is finally trying to devise a tougher strategy

EU dilemma: how to deal with China Asia Times
Beijing is, little by little, extending its influence not only inside the EU but inside the NATO space.

Deutsche Bank’s Merger Is Inspired By Freddie MercuryBB
Europe’s politicians are indulging in a new passion for European and national champions. But it’s a terrible way to prop up weak companies

Merkel’s Government Slammed Over Deutsche Bank DealBB
Finance Minister Scholz at center of storm over merger plans * Push to combine German banking giants called a ‘disgrace’


UNITED STATES
Trump Says ‘Let People See’ Mueller’s Report When It’s ReleasedBB
The decision to make it public will fall to Attorney General William Barr.

Trump Says Tariffs Will Stay Until China Complies With DealBB
U.S. wants to leave duties for ‘substantial’ period: Trump * President dashes hopes that deal could see rollback of tariffs

  FEDERAL RESERVE
FOMC: Above Trend Growth Requires Continued Monetary Support – Marc Chandler
Fed Sees No 2019 Hike, Plans September End to Asset Drawdown – BB
Fed sees no further rate rises in 2019 – FT
Fed sees no rate hikes in 2019, plans balance sheet reduction slowdown – Reuters


REGULARS
Five Things to Start Your Day AsiaBB

Eco Day AsiaBB
Jim O'Neill on Global Growth, Fed Cut, China's Pushback * Time to relent on 2%? Guide to Japan’s inflation target debate * U.K. labor market defies Brexit slowdown as employment surges

Five Things to Start Your Day Europe BB

EU Open RundownRANsquawk

FirstFT Daily BriefingFT

Brussels BriefingFT
Three ways the EU’s conservatives can deal with Viktor Orban - delegates will decide the fate of its Hungarian ‘enfant terrible’ and his Fidesz party

Brussels EditionBB

Brussels PlaybookPolitico
Crunch day for Orbán — Short or long Brexit — ‘Martin who?’

Danske DailyDanske Bank

Eco Day EuropeBB
Fed's Goal, Krona's Squeeze, China's Stabilization * Time to relent on 2%? Guide to Japan’s inflation target debate * Fed faces tough call if inflation weakens below target

Daily Market CommentMarc Chandler
Brexit Drama Continues but Fed Moves to Center Stage

Five Things to Start Your Day USBB

US Open RundownRANsquawk

US OpenZH
FOMC Drift Dead As Global Stocks Slide Ahead Of Fed

Eco Day USBB
Fed Decision Day, U.K. Inflation, Abe Leaves BOJ Gap * U.S. central bank may retain bias to hike interest rates * Abe and Aso leave gap with BOJ over 2% inflation target


FINNISH
Aamukatsaus Nordea
Tänään katseet kiinnittyvät Fedin kokoukseen ja keskuspankin koronnostosuunnitelmiin | Lisäksi julkaisuvuorossa ovat Britannian inflaatioluvut | Saksan rahoitusmarkkinoiden luottamus yllätti positiivisesti, Britannian työmarkkinat yhä kireät