By WSJ Thu., Jan. 31, 2019 This is the web version of the WSJ’s newsletter on the economy. You can sign up for daily delivery here. The Fed put interest rate increases on hold. Just how fragile is the economy? Good morning. Jeff Sparshott here to take you through the day’s economic news, including how a slowdown in China is sending shockwaves around the world , recession in Italy and slack in Europe, and what to expect in Friday’s jobs report. Send us your questions, comments or suggestions by replying to this email. FOLLOW THE LEADER It’s not just the Fed. A slowing global economy and low inflation has central banks around the world rethinking plans to gradually pull back on financial stimulus. The reversal could soothe markets and support interest sensitive sectors like housing and autos, Brian Blackstone reports. Article Continued Below What’s happening? The Federal Reserve had raised interest rates nine times since 2015. On Wednesday it signaled that it was done. The European Central Bank last week opened the door to new stimulus. Central banks in South Korea, Malaysia and Indonesia kept rates unchanged after raising them in 2018. Canada and England are on hold. There’s no end in sight for… Read full this story
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