Decks Clear for Trade War, Near-Zero Escape, Wage Boom: Eco Day

(Bloomberg) -- Welcome to Tuesday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

  • President Donald Trump looks to be preparing for a potentially protracted economic war with China by clearing the decks of disputes with America’s other trading competitors
  • The Fed is leading rich nations out of the near-zero-interest-rate era, but the key word is still “gradual”
  • America’s tech hub is leading the country in wage growth, according to a new report
  • The U.K. needs a hugely ambitious trade policy -- equivalent to deals with seven Americas -- to fully compensate for a no-deal Brexit, according to Bloomberg Economics
  • Italy’s populist government has no plan to leave the single currency and will stick to the budget deficit target that has roiled markets, according to Claudio Borghi, a senior euroskeptic lawmaker
  • Turkish inflation could derail a nascent rally in the lira and bonds
  • Australia kept interest rates at a record low as it gauges the impact of falling property prices on an economy that’s otherwise showing strong growth and hiring
  • It’s been a rough year for Manhattan’s home sellers, and they’re not about to catch a break any time soon
    • In other housing news, U.K. prices rose in September -- London remains a weak spot though -- and Amsterdam is trying to keep the city affordable for locals
  • Randal Quarles, the Federal Reserve’s vice chairman for supervision, is vying with the head of the Dutch central bank to lead a watchdog panel for the global financial system
  • Despite Germany’s historic economic expansion, there are increasing signs of instability

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