ECB Post, China's U.S. Treasuries, Central Bank Watch: Eco Day
(Bloomberg) -- Welcome to Wednesday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:
- Ireland’s central bank deputy governor looks to be in good position to get the ECB’s post as top bank supervisor
- Trumpspeak. President Trump is doubling down on his criticism of the Fed, calling their interest-rate increases his “biggest threat”
- Change in plans. IMF chief Christine Lagarde is scrapping a scheduled trip to Saudi Arabia amid the disappearance of a Saudi journalist
- Yet tighter. The U.S. labor market is still heating up, with job openings rising to a fresh record in August
- On notice. The White House has submitted formal notifications to Congress of trade talks with the European Union, Japan, and the U.K.
- Trimming back. China continues to cut its U.S. Treasuries holdings
- Price hikes. Inflation is starting to really bite Russian consumers’ purchasing power
- Central bank watch. The Bank of Korea’s policy decision is getting more complicated, while the Reserve Bank of Australia sits tight and says unemployment might have to drop below 5% in order to spur wages
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