Powell spoke with Marketplace radio this morning Marketplace radio will post the text of an interview with the Fed’s Powell at 1:30 pm ET (1730 GMT). The interview will air at 6 pm ET.
Text will be released from Marketplace radio interview at the bottom of the hour I’m not sure how this will be released. The newswires got wind of it so there’s a chance the Fed has the transcript and embargoed it or had a lockup.
Harker on today’s inflation data Harker, on net, is a bit hawkish here but he’s a long way from something more hawkish than gradual hikes. The next big question is whether the Fed raises one more time this year or twice. If you read between the lines lately, there is almost unanimous support for one…
ECB publishes its account of its June monetary policy meeting – Rates to stay at current levels as long as needed to raise inflation towards target – Governing council saw impact of asset purchases on inflation as waning ForexLive
Cleveland Fed head Loretta Mester speaks to the Wall St Journal – Points out strong economic growth, low unemployment rate and stable inflation – Says that economy can certainly handle two more rate hikes this year ForexLive
Powell from his interview with Marketplace radio – We’ve seen wages move up ‘a little bit more’ in the past year – Productivity has been very low – There is still a bit of a puzzle in that we’re hearing about labor shortages now all over the country in many, many different occupations in different…
Comments from Powell in an interview with Marketplace radio – The full interview will air at 6 pm ET
Onshore yuan reference rate – CNY weakened big time today by the Bank People’s Bank of China firing a shot in the trade war with a sharp devaluation of the RMB. Estimates were for a move to around 6.66, but the Bank have exceeded this.
Why the Bank of Canada hiked I joined BNN Bloomberg immediately after the Bank of Canada decided to hike interest rates to 1.50% to talk about the outlook for the Canadian dollar and what’s coming next for interest rates.
With inflation still very distant from the Bank’s inflation target “Raising interest rates is out of the question” So says Motoshige Itoh, a member of the Japanese government’s economic and fiscal policy council.