There’s something to look forward to Trump threatened tariffs on all of China’s exports to the US today and he could put on $200 billion at any moment. Somehow the market doesn’t seem to care.
The Fed’s Kaplan with more comments Ho-hum stuff but we’ll watch out for more. ForexLive
Mester moderating a panel at the Boston Fed ForexLive
Dallas Fed President (not a voter) speaking on Fox Business – jobs report shows there is a tight labor market – Fed ought to be moving toward a neutral rate, raising Fed funds rate at least 3 – 4 times over the next 9 – 12 months
PBOC has skipped open market operations for over a week (2?) Today with the one year injection of funds – Medium term lending facility is a loan to banks – for a year
Eric Rosengren is president of the Federal Reserve Bank of Boston He is speaking on Friday, his prepared text released now by the Boston Fed Nothing much there to move the currencies. Perfect central bank speak!
Bank of Canada Wilkins comments continue – – There still remains a lot of uncertainty on how trade discussions turn out, not going to pre-empt October – Balancing going too fast or too slow in our minds more to come
Comments from Evans ForexLive
USD/CAD drops 60 pips on the headlines from Wilkins in Saskatchewan – Protectionism measures create upside risks for inflation, especially when the economy is operating near full capacity The BOC “discussed whether the gradual approach to raising rates that we have been taking over the past year remains appropriate,” Wilkins said in the text. “It…
Wilkins in the Q&A – Tariffs could fuel inflation, complicating response – Protectionism imposes trade offs on monetary policy – Infrastructure, including pipeline infrastructure, has a big positive long-term effect She’s all done now. No word on whether she will take questions from the media.