Fed Looks Primed, ECB Takes Center Stage, Trade Latest: Eco Day

(Bloomberg) --

Good morning Americas. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

• Fed chief Jerome Powell and his colleagues look primed to cut interest rates by a quarter percentage point later this month. Boston Fed chief Eric Rosengren said he doesn’t believe the economy needs a rate cut, given the positive data that’s rolled in since mid-June
• This week, however, sees European Central Bank President Mario Draghi take center stage, setting monetary policy with a plan that will see his influence linger well after he’s replaced by Christine Lagarde
• On trade, face-to-face negotiations between the top Chinese and U.S. trade negotiators could happen soon, according to Chinese state media, after a number of goodwill gestures by Beijing over the weekend
  • Here’s how Europe plans to use the U.S. election to beat Trump’s trade war
• Swiss National Bank President Thomas Jordan is facing a new wall of pressure that could force him to push the world’s lowest central bank interest rate even lower
• India’s central bank Governor Shaktikanta Das said policy makers have effectively delivered more easing than the three interest-rate cuts this year suggest, signaling a more cautious stance on future action
• Finally, Africa’s potential workforce will likely be larger than Asia’s by the end of the 21st century as both continents wrestle with different demographic and economic challenges

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