Continues the testimony on Capitol Hill ForexLive
Esther George, President of the Federal Reserve branch in Kansas City Headlines via Reuters – Heightened uncertainty due to trade policy not healthy for economy I am hesitant to award the Captain Obvious prize so early in the week, but a strong contender indeed from George
Unsurprising remarks in the speech from Esther George, President of the Federal Reserve branch in Kansas City Headlines via Reuters George has been consistently towards the less dovish end of the Fed spectrum. the times suit her right now.
Bank of England Chief Economist Andy Haldane used his vote in favour of a rate hike Bloomberg report on Haldane’s views on rising price pressures: Article is here for a little more (article was overnight, this is not new news)
Reserve Bank of Australia July Monetary Policy Board meeting minutes – RBA Bard agreed next rate move likely to be upward if economy improved as expected Quick summary Headlines via Reuters
People’s Bank of China OMOs today: – inject 70 bn yuan through 7-day reverse repos – inject 30 bn yuan through 14-day reverse repos Net 90 bn yuan into the market, 10bn RRs maturing today
This from ANZ’s latest comments on Asian currencies I pulled out these snippets on China and the CNY (bolding mine): ANZ do add this on the CNY: … average fair value at around 6.00.
A real quick preview of Federal Reserve Chair Powell before the Senate Banking and House Financial Services Committees: – The Senate Banking Committee is on Tuesday (date17 July 2018 1400GMT) This via Deutsche Bank:
Fed’s Kaplan highlights Fed’s Kaplan headline from interview: ForexLive
This was hoped to be a source of growth in GDP Fed’s Bostic is on the wires saying their survey shows tax cuts are not changing capital spending. The sharp cut in corporate tax rates were hoped to kick start investment in capital spending.