published Nov 19, 2018, 5:15:34 PM, by Michael Heath
(Bloomberg) —

Welcome to Tuesday, Asia. Here’s the latest news from Bloomberg Economics:

The U.S. labor market doesn’t have much more room to tighten, according to a Federal Reserve Bank of San Francisco study, and New York Fed chief John Williams said the bank will stick with its campaign of gradual interest-rate increases.

Meanwhile, confidence among U.S. homebuilders plummeted by the most since 2014 and Yelena Shulyatyeva says home sales are likely to fall further in the first half of next year President Donald Trump is succeeding in making China pay most of the cost of his trade war, according to new research, while the IMF says China’s central bank would benefit from greater transparency. China’s crackdown on the risks in its financial system is meanwhile inflicting great pain on private businesses The sharp slide in oil prices threatens to halve Japan’s inflation rate over the next six months, while cheaper mobile-phone bills and free nursery education could even push it below zero If emerging markets are signaling the worst of this year’s wobbles may have passed, Vice President Mike Pence just gave a reminder that risks are never far away. India’s central bank meanwhile signaled a compromise with the government by agreeing to study a demand for sharing a part of its capital Australia is considering cutting the cap on its migrant intake by 30,000, saying the pace of population growth is clogging roads, trains and schools in the nation’s biggest cities The U.K. government will compare the economic impact of its Brexit deal with remaining in the EU, marking a win for pro-Europe lawmakers. Meanwhile, Austrian and Dutch finance ministers increased pressure on the EU to call Italy’s populist government to account for its spending plans

To contact the reporter on this story: Michael Heath in Sydney at mheath1@bloomberg.net To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net Paul Jackson
COPYRIGHT
© 2018 Bloomberg L.P