Trump Rates Protests, Salary Disparity, Chile Bust: Eco Day

(Bloomberg) --

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

• President Donald Trump said he “protested” U.S. interest rates that he considers too high relative to other developed countries in a meeting on Monday with Federal Reserve Chairman Jerome Powell
  • Trump’s complaints that a strong dollar is hurting manufacturing overlook a far bigger concern at America’s factories: his trade policies
• The New York city area may boast the largest share of personal income in the U.S., but pay is growing the fastest in the much smaller oil-boom towns of Odessa and Midland, Texas
• As chaos engulfs Chile, a booming economy suddenly faces a bust: economists now predict a fourth-quarter slump that may stretch into 2020
• Argentina is an economy that doesn’t match the country vast natural resources and highly educated population. Macri is just the latest leader to founder after promising to get it back on its feet -- now Fernandez faces the same daunting challenge
• The German government should be applauded for its plans for fiscal stimulus and climate, according to International Monetary Fund Managing Director Kristalina Georgieva
• Britain’s decade of austerity is coming to an end as politicians pursue an arms race of spending pledges before next month’s election. For the 90,000 or so people of Hartlepool, relief will be too late
• Bank of Japan Governor Haruhiko Kuroda’s role as the prime focus for efforts to revive the world’s third-largest economy is coming to an end

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

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