Trade Deal Signed, U.S. Education Gap, BOE Caution: Eco Day

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The U.S. and China signed the first phase of a broader trade pact amid persistent questions over whether President Donald Trump’s efforts to rewrite the economic relationship with Beijing will ever go further.Here’s a look at the winners and losers of the trade war so farStill, doubts persist whether the U.S. trade strategy will bear fruit in next phase of negotiations with ChinaChina’s overall credit growth held up in December and a gauge of borrowing costs fell, signaling that policy makers are beginning to see some progress in channeling credit to the economyPound traders piling into bets on an interest-rate cut this month are getting a warning from strategists preaching the virtue of patienceThe cost of the U.K.’s productivity crisis is “already multiples of even the worst-case Brexit scenario,” according to Bank of England Chief Economist Andy HaldaneThe U.K. housing market perked up in December as Boris Johnson’s commanding election win helped push up sales and expectations for price gainsIf European Central Bank officials use their review of monetary policy this year as a chance to connect with ordinary people, they need to be ready for some plain truthsThe Swiss National Bank retains the ability to wage currency market interventions if necessary, according to one of its officialsThe Fed’s low interest rates, the perception that there is a high bar to future rate increases and expansion of its balance sheet are helping to lift asset prices, Dallas Fed chief Robert Kaplan saidDon’t miss this week’s episode of the Stephanomics podcast: How one state is trying to close America’s huge education capFinally, here’s a look at how this year’s forum in Davos will seek to give concrete meaning to “stakeholder capitalism”—a blueprint for a more inclusive and sustainable model of increasing earnings

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