Fed's Rate-Hike Minutes, U.K. Inflation Slows, ECB Job: Eco Day

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

  • The Federal Reserve is releasing minutes of its September meeting today. That gathering resulted in officials’ third interest-rate hike this year, and market participants have a burning question: How high will policy makers go before pausing for a breather?
    • The minutes come as President Trump doubles down on his criticism of the Fed, calling their hikes his “biggest threat”
  • U.K. inflation slowed more than expected last month, dragged lower by falling food prices; with Brexit uncertainty still clouding the outlook, that gives the Bank of England some much-needed room to move slowly on the path of raising interest rates
    • Meanwhile, a separate report showed U.K. house prices grew at their weakest pace in five years in August as Britain’s impending exit from the European Union discouraged buyers
  • Ireland’s central bank deputy governor looks to be in good position to get the ECB’s post as top bank supervisor
  • There’s no escaping the impact of the U.S.-China trade war, even for countries that stand to benefit from it in the short term, according to Asia-Pacific Economic Cooperation Secretariat Executive Director Alan Bollard
  • Bulgaria’s efforts this summer to lock a course toward euro adoption suffered a setback as its bid was met with additional demands. Even as it addresses those, another potential roadblock is coming into view
  • Finally, a look at how inflation is starting to really eat into Russian consumers’ purchasing power

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