Atlanta Fed president speaking in Northern Virginia The Atlanta Fed president Raphael Bostic is speaking at a town hall chat in Northern Virginia. He says: ForexLive
US economic activity expanded at a solid pace. The Fed report is a head of Gov. Powell’s semiannual testimony to Congress next week. for the full report.
BOE member Jon Cunliffe speaks in Kendal – Significant drop in activity in Q1 “looks to have been largely an aberration” – That was driven by poor weather ForexLive
The minutes will be pored over and scoured for hints and innuendo. As usual! And not least of all by me. I suppose I could try and get a life 😀 The July meeting was on hold one, the Reserve Bank of Australia has kept it cash rate target at 1.5% since August of 2016.…
In open market operations the Bank has added in (!) yuan via OMOS – 130bn through 14 day reverse repos – 170bn yuan via 7 day RRs No RRs are due to mature today, so a net injection of 300bn yuan for the day
Head of the German Bundesbank and ECB board member Jens Weidmann warned of risks to the economy German press (Handelsblatt ) reports on Weidmann’s comments made to a German government July 6 cabinet meeting (W was there as a guest)
Kashkari weighs in on the hot topic The US 2-10 yield spread is just 25 basis points today and an inversion is almost inevitable given the projected path of Fed rates.
According to Reuters, citing unnamed sources – BOJ may view that inflation could fall short of its 2% target for as long as 3 more years – The view may emerge from the BOJ’s meeting on 30 to 31 July later this month ForexLive
At 3.3% unchanged rate from previous MLF injection Earlier today the Bank had not undertaken any open market operations. Using 1 year injection of funds a little later with this medium-term lending facility (MLF)
What’s coming up in the day ahead Friday’s economic calendar is light but steady with the US consumer in focus. Inflation week wraps up with the import price index for June. At some point this will be an important indicator if the trade war picks up but for now it remains relegated to the doldrums.…