Comments from Cunliffe in Washington He’s not scheduled to speak for another 3 hours but a reporter might have caught him on the sidelines.
Williams sure is talking a lot lately – In the context of strong labor market, wage growth and stable inflation he sees continued rate increases – Expects new normal for the Fed’s balance sheet to be around $3 trillion Williams is the second Fed member within an hour to talk about higher deficits and debt steepening…
BOJ’s Kuroda speaking Washington He adds:
Evans speaks with reporters – If inflation rises faster than expected, it’s a sign of a stronger economy that can withstand more hikes – Says he will be reviewing his estimate of the neutral rate We hear so often from Evans that he’s rarely a market mover but he’s a good guy to listen to…
Speaking in NY He added:
Speaking in Washington Fed’s Quarles is in Washington speaking at the Bretton Woods committee annual meeting in Washington. His comments are varied: If there are other comments or questions answered, they will be tacked on, but it seems like his comments are rather general.
A new deal would need to be ratified The White House may be forced into a game of brinkmanship to get a new NAFTA deal approved. Politico today reports on some of the problems of getting congressional approval.
Upbeat comments from Weidmann on Germany – Don’t see any reason to assume we’re at an economic turning point, we’re still experiencing economic boom – Says ‘air is getting thinner’ in German economy Economic boom? If that’s an economic boom, then what do you call 6% growth in China?
Eurozone April consumer confidence data – Prior was -0.10 There was a skew in the polls with Reuters at -0.20 and Bloomberg at -0.10. This is the best reading since +1.4 in January. It’s also a rare piece of good news for the Eurozone after months of missing estimates.
Says ministers will reconvene next week Sounds like everyone is trying to get down to business. Freeland said they are making ‘good progress’. A separate headline from the Mexican minister says they will meet again on Tuesday.