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This Article is From Oct 10, 2018

Powell Warned on EM, Trump Deficit Plan, Italy Worried: Eco Day

(Bloomberg) -- Welcome to Wednesday, Asia. Here's the latest news from Bloomberg Economics:

  • Indonesia has a blunt message for Fed chief Jerome Powell and other global financial chiefs gathering in Bali this week: be mindful of the effects of your policies on emerging economies
  • President Trump will unveil measures soon to address the U.S. federal government's big budget deficit, his chief economist says; meanwhile, Trump again said the Fed is moving too fast with rate hikes and dismissed concerns about inflation
  • A worsening U.S.-China trade war is clouding the outlook for Singapore's monetary policy decision on Friday as just over half of surveyed economists expect a tightening
  • Tom Orlik discusses how Paul Romer's Nobel prize for economics helps explain the Trump-led trade war
  • Inflation may be gradually climbing higher, but Fed chief Powell's guiding light -- inflation expectations -- look like they are still well anchored
  • Italy's finance minister said the government is worried by the “unacceptable” bond yield spread, which yesterday was near the widest in more than five years

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, Tracy Withers

©2018 Bloomberg L.P.

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