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Trump’s Income Boast, Chile Rate Decision, BOJ Outlook: Eco Day
Trump’s Income Boast, Chile Rate Decision, BOJ Outlook: Eco Day
23 Oct 2019, 05:03 PM IST
(Bloomberg) --
Good morning Americas. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:
- President Donald Trump boasted this week that American incomes have skyrocketed during his presidency, surpassing gains under his predecessors, a claim that isn’t supported by official government data
- Chile is expected to cut its key interest rate to a nine-year low amid slowing inflation, weak growth and the worst street violence in decades
- Here’s how Chile went from an economic star to an angry mess
- A recent streak of strong U.S. housing data, buoyed by improving affordability and lower mortgage rates, has brightened the outlook for the sector -- but there are shadows on the periphery, according to Bloomberg Economics’ Yelena Shulyatyeva
- European Central Bank policy makers want Germany to unleash major stimulus, but it’s not clear how much that would benefit any economy other than its own
- While Mario Draghi has been the bond market’s best friend, investors aren’t expecting the same support from his successor as ECB president
- Germany nominated Isabel Schnabel for the ECB Executive Board
- The Bank of Japan is considering lowering its forecasts for economic growth and inflation this year in a quarterly outlook report to be released at the end of a policy meeting on Oct. 31, according to people familiar with the matter
- China’s monthly consumer inflation could hit 4% by early 2020 on the back of surging pork prices, complicating central bank efforts to support the economy
To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net
To contact the editors responsible for this story: Paul Gordon at pgordon6@bloomberg.net, Zoe Schneeweiss
©2019 Bloomberg L.P.
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