(Bloomberg) -- Welcome to Thursday, Asia. Here's the latest news from Bloomberg Economics:
- The Fed may eventually raise interest rates to levels where they begin to restrain economic growth though that's still some way off, Chairman Jerome Powell said. While Fed officials agree the economy warrants further hikes, they disagree on whether another is needed this year
- Italy set next year's deficit target at 2.4 percent with a commitment to reduce it in 2020 and 2021, in a partial concession to EU pressure
- As prices of everything from oil to rice soar in the Philippines, Maria De Guzman scrambles to adjust after her food bill jumped 60 percent
- Here's why the Bank of Japan's stealth tapering matters for markets
- Indonesia expects the selling pressure on the rupiah to ease next year as the nation steps up efforts to narrow a current-account deficit
- A crisis at one of India's biggest infrastructure financiers is the latest example of how the end of easy money is causing strain
- Argentina's central bank is taking no prisoners in its fight to save the peso -- and the policy is working
- President Trump's complaints about rate increases could have “subtle effects” on Fed policy makers, says former Fed Vice Chairman Stanley Fischer. Meanwhile, here's a guide to who's who on the Fed dot plot
- "Best economy" ever? A historian tackles Trump's claim in this podcast
- The global financial crisis left lasting scars on the world economy, including slower growth, higher government debt and even lower fertility rates, the IMF said
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, Chris Bourke
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