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Trump’s Income Boast, Chile Rate Decision, BOJ Outlook: Eco Day

Trump’s Income Boast, Chile Rate Decision, BOJ Outlook: Eco Day

(Bloomberg) --

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

  • President Donald Trump boasted this week that American incomes have skyrocketed during his presidency, surpassing gains under his predecessors, a claim that isn’t supported by official government data
  • Chile is expected to cut its key interest rate to a nine-year low amid slowing inflation, weak growth and the worst street violence in decades
    • Here’s how Chile went from an economic star to an angry mess
  • A recent streak of strong U.S. housing data, buoyed by improving affordability and lower mortgage rates, has brightened the outlook for the sector -- but there are shadows on the periphery, according to Bloomberg Economics’ Yelena Shulyatyeva
  • European Central Bank policy makers want Germany to unleash major stimulus, but it’s not clear how much that would benefit any economy other than its own
    • While Mario Draghi has been the bond market’s best friend, investors aren’t expecting the same support from his successor as ECB president
    • Germany nominated Isabel Schnabel for the ECB Executive Board
  • The Bank of Japan is considering lowering its forecasts for economic growth and inflation this year in a quarterly outlook report to be released at the end of a policy meeting on Oct. 31, according to people familiar with the matter
  • China’s monthly consumer inflation could hit 4% by early 2020 on the back of surging pork prices, complicating central bank efforts to support the economy

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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