Trump Blasts the Fed, Brexit Talks, Duterte's Revenge: Eco Day

(Bloomberg) -- Good Thursday morning, Europe. Here’s the latest news from Bloomberg Economics:

  • "I think the Fed has gone crazy": President Donald Trump again criticized the central bank for raising interest rates, calling it a "mistake" hours after the worst U.S. stock market sell-off since February
  • Brexit negotiators are edging toward a compromise on the thorniest issue in talks, even as officials on both sides warned that obstacles still remain
  • The U.S. and China are set to use the gathering of the world’s finance chiefs in Bali to marshal support for their respective cases in a trade dispute that shows no sign of ending soon
  • A slumping currency, a brewing inflation crisis and one of the world’s worst-performing stock markets should be enough to focus Philippine President Rodrigo Duterte’s attention on his nation’s economic woes. But he appears more fixed on revenge
  • Chicago Fed chief Charles Evans says he’s feeling good about the U.S. economic expansion and sees rates heading to above 3 percent
  • Brazil’s central bank may find the pressure to raise interest rates is weakening as Jair Bolsonaro moves closer to securing the country’s presidency
  • See how an erratic monsoon wreaks havoc on India and beyond

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