Race for Senate, U.S.-China Deal Forecast, Powell-Speak: Eco Day

(Bloomberg) -- Happy hump day, Asia. Here’s the latest news from Bloomberg Economics:

  • America votes: Most observers expect a shift in power in Congress, but for the Republicans to maintain control of the Senate. Carl Riccadonna has run the midterm numbers and reckons it’s a closer call than forecast
  • An economist who accurately predicted the rising trade tensions between the U.S. and China now sees a likely resolution of the dispute next year. Singapore’s prime minister, meanwhile, urged the nations to avoid letting trade poison their entire relationship
  • Federal Reserve Chairman Jerome Powell is learning the hard way about communication as he navigates between the twin shoals of overheating and recession while being buffeted by criticism
  • After a decade-long drought, America’s employers are making it rain. But will companies hike prices more rapidly to cover rising labor costs?
  • Here’s what’s coming up at Bloomberg’s New Economy Forum in Singapore today, and the takeaways from yesterday
  • The Brexit “deal dividend” promised to Britain looks further away than hoped, while Singapore’s prime minister says the U.K. shouldn’t use his nation as a post-Brexit model of success

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