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(Bloomberg) -- Expectation that Brazil’s CPI will return to the floor of BCB’s target range in 2017 should lead market to fine-tune the bets in a moderate cut of 0.75 pp in the next Copom meeting, on Oct. 25, said Mizuho bank chief economist Luciano Rostagno in an interview.

• Food prices will eventually stop the deflation process, "but I don’t see data suggesting any inflationary pressure in the short term", says Rostagno
• "A normalization of prices seems natural"
• "CPI has bottomed out in August, tendency is for it to accelerate"
• NOTE: Brazil’s Inflation Slows Less Than All Forecasts in September

To contact the translator on this story: Ana Carolina Siedschlag in São Paulo at asiedschlag@bloomberg.net To contact the translation editor responsible for this story: Maria Luiza Rabello at mrabello@bloomberg.net Reporter on the original story: Ana Carolina Siedschlag in São Paulo at asiedschlag@bloomberg.net Editors responsible for the original story: Daniela Milanese at dmilanese@bloomberg.net Fernando Travaglini

(Bloomberg) -- Net change in employment seen at +12k in September vs +22.2k in August (forecast range 0k to +52k)

• Canada’s unemployment rate seen at 6.2%, same as prior month (forecast range 6.1% to 6.3%)

(Bloomberg) -- Following are forecasts for today’s economic releases as compiled by Bloomberg News.

• Nonfarm Payrolls 80k; range -45k to 153k (83 estimates)
• Hurricanes will rattle today’s data. "The pace of hiring, hours worked and average hourly earnings are all vulnerable, so outlying results will be viewed skeptically by analysts. The BLS has already issued a warning that the data will be affected but is also cautioning that it will not be able to quantify the magnitude of the storm impact": Bloomberg Intelligence
• In August, payroll growth slowed to 156,000
• Private Payrolls 75k; range -25k to 150k (39 estimates)
• Manu Payrolls 10k; range -10k to 20k (20 estimates)
• Unemploy Rate 4.4%; range 4.3% to 4.6% (79 estimates)
• Hourly Earn 0.3% m/m; range 0.1% to 0.4% (60 estimates)
• Hourly Earn 2.6% y/y; range 2.5% to 2.7% (32 estimates)
• Avg. Weekly Hours 34.4; range 34.2 to 34.5 (30 estimates)
• Labor Force Part 62.9%; range 62.9% to 62.9% (3 estimates)

To contact the reporters on this story: Chris Middleton in Washington at cmiddleton2@bloomberg.net; Vincent Del Giudice in Denver at vdelgiudice@bloomberg.net To contact the editors responsible for this story: Alex Tanzi at atanzi@bloomberg.net Kristy Scheuble

Economic Release Details: {BZPIIPCM Index ECOD} --WALTER BRANDIMARTE

--EMMA ROSS-THOMAS