Raphael Bostic, President of the Federal Reserve Bank of Atlanta – Says economy is performing quite well – at full employment and inflation at 2% goal – Says again that with the economy standing on its own, monetary policy should be neutral Begone, doves!
Left rates unchanged at 1.5% The Bank of Canada today maintained its target for the overnight rate at 1 ½ per cent. The Bank Rate is correspondingly 1 ¾ per cent and the deposit rate is 1 ¼ per cent.
On the Australian dollar in the wake of yesterday’s GDP data for April to June 2018 This via a Credit Agricole client note, I’ve summarised, bolding mine also:
Highlights of the Bank of Canada decision on September 5, 2018: Statement: Note: There is no press conference after this decision but Wilkins is delivering a speech tomorrow.
Be on the alert for another two Federal Reserve speakers, both coming up at 2230MT (6.30 pm ET US) – Raphael Bostic, President of the Federal Reserve Bank of Atlanta Bostic was on the sires not too long ago,
Bullard in New York ForexLive
Neel Kashkari is President of the Federal Reserve Bank of Minneapolis Speaking at a ‘town hall’ meeting. More: – Wage data and prices suggest the US is not at full employment
The BOC decision is at 10 am ET (1400 GMT) The Bank of Canada is entirely likely to leave rates unchanged at 1.50% when the decision is released at 10 am ET. The market flirted with the idea of a hike but NAFTA troubles and Poloz’s Jackson Hole speech indicated to rush to boost rates.
Yuan roller coaster continues, higher today (for the yuan, lower for USD/CNY) PBOC skips OMOs again today ForexLive
Buys more in 1 to 3 and in 3 – 5 years to maturity Was a time that changes in amounts purchased got FX a bit excited. Mind you, they were reductions in purchases, not lifts.