Targeting Debate, Trade Talks to Resume, ECB Preview: Eco Day

(Bloomberg) --

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

• Struggling to hit inflation targets, central banks around the world are debating whether they need to alter what they’re aiming for
• U.S. Trade Representative Robert Lighthizer and senior officials are set to travel to China Monday for the first high-level negotiations since talks broke down in May
• Meanwhile, here’s a look inside the New York Fed’s department for doubt
• European Central Bank policy makers have plenty of reasons to wait until September before committing to more stimulus
  • The case grew Wednesday as a report showed Germany’s industrial crisis is worsening, the economy is at risk of recession and a raft of mounting troubles mean the chance of a near-term turnaround are fading
  • Economic uncertainty is increasing at an alarming pace and the ECB is right to be anxious about its effects on the euro-area economy, writes Bloomberg Economics’ Maeva Cousin
  • One of the few remaining ECB Governing Council members who was in office before Lehman Brothers collapsed will attend his final monetary-policy meeting in Frankfurt this week
• China’s central bank chief said rates are currently at an appropriate level and he will make decisions based on domestic considerations
• Finally, here’s a look at the strange economics of middle east oil

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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