New Vice Chair He adds: ForexLive
Comments from Bank of Japan’s Wakatabe: There’s nothing on the outlook or rates here. ForexLive
Brainard was in New York It was an event on financial literacy, so no big surprise. ForexLive
The daily yuan fix A touch stronger for the yuan. The PBOC also injected 100 billion yuan via 7-day reverse repos. ForexLive
What’s next after the rate hike The Bank of Canada hiked rates earlier and removed the reference to a ‘gradual’ pace of hikes. Poloz said that doesn’t necessarily mean they will hike quicker, it just gives them more latitude to respond to economic data.
Atlanta Fed president speaks in Louisiana – US economy is chugging along quite well – Fed view is to let economy stand on its own PS. Note he is happy too ForexLive
Fed’s beige book for October 2018 – Economic activity expanded with growth modest to moderate – Manufacturing cited rising costs, trade uncertainty – labor shortages broadly noted and linked to wage increases The Fed’s beige book was prepared by the Federal Reserve Bank of Richmond with data collected on or before October 15, 2018
An anecdotal look at the US economy from the Federal Reserve districts The most recent beige book will be released at the top of the hour. The Beige book is an anecdotal look at the US economy from a district by district basis.
HMMMMM Loretta Mester is out with an interesting comment: Is she more concerned about a downturn in quality of loans? The XLF ETF (financials) is trading at the lowest level since September 2017. The index is down -12.62% from the September high.
Speaking in NY. She seems happy. She adds: Mester is considered more of a hawk on the Federal Reserve Board. She is the president of the Cleveland Fed and is a voting member in 2018.