UK finance minister Philip Hammond comments in parliament – Carney to serve until January 2020 – Carney is to see economy through “turbulent period” ForexLive
Comments by Boston Fed president Eric Rosengren – But sees inflation moving “persistently” above Fed target – That will justify continued rate hikes ForexLive
The ECB meeting is on Thursday The ECB will lower its growth forecasts in tomorrow’s press conference, blaming softer global demand. reportedly At the moment, here are the forecasts for growth:
According to Bloomberg – ECB is to lower Eurozone growth outlook on global demand – ECB technical committee also said to see downside risks to growth moving forward ForexLive
More from Rosengren ForexLive
Boston Fed president Eric Rosengren is speaking to CNBC – Growth expected around 3% – Inflation is one of the reasons not to hike rates as quickly – The economy is doing ‘very well’ ForexLive
Latest consumer inflation expectations released by the BOE ForexLive The headline measures inflation expectations over the next 12 months. I think the more interesting point of note here is that majority of households still see the BOE raising rates further over the next year. The 58% recorded here is higher than the 51% in May.
Here is a useful background piece from the Bloomberg people on the yuan and manipulation Check it out here – ps. trump has been speaking at a rally in Montana this evening (US time) – he hasn’t said too much on China, trade etc. nothing of note anyway. No extra tariffs announced yet.
Morgan Stanley with an early ECB preview for the meeting next Thursday (Septmeber 13) This in summary, bolding mine A gradual exit: Reinvesting for long, hiking late next year:
Some reading between the lines needed here – Won’t need to make a judgement on whether rates should become restrictive until mid-2019, not ready to judge that yet Extrapolating from this, he’s saying that the Fed can continue to hike gradually until mid-2019. that would mean 4 more hikes and bringing the Fed funds rate…