ECB Forecasts, Trump Unpopularity, Hurricane Impact: Eco Day

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

  • The European Central Bank is set to lower its forecasts for euro-area economic growth as global trade tensions damp external demand, Bloomberg reported Wednesday. The news, which came before Thursday’s policy meeting, sent the euro lower
  • A dive into polling data shows that President Donald Trump’s unpopularity is unprecedented, given the strength of the U.S. economy
  • The economic impact of Hurricane Florence is unlikely to be large but could muddle U.S. data for months, judging from past experience
  • Here’s why Mark Carney’s seven-month extension at the helm of the Bank of England is the latest installment in the U.K. preparations for a no-deal Brexit
  • Trump’s next tariff round could get quite personal for many Americans, taxing closets across the land. Meanwhile China is looking to retaliate against the U.S. over a dumping violation and will ask the World Trade Organization to intervene
  • A Czech central bank board member said in an interview that he sees room to raise interest rates further even as it’ll be prudent to proceed with caution
  • For the Russian central bank’s gathering this week, the smart bets are on moving big or not at all
  • Finally, read how the global economy is still nursing some scars from the collapse of Lehman Brothers a decade ago

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