No Data
Express News | Reported Earlier, China New Loans For June 2,130.0B Vs. 1,050.0B Est.; 950.0B Prior
China's Third Plenum May Hold Less Weight This Year
China's Third Plenum, a traditionally significant policy-making event, to be held next week may not matter much this time, Maybank analysts say. With China facing an increasingly competitive,
Express News | Reported Earlier, China Trade Balance (USD) For June 99.05B Vs. 85.00B Est.; 82.62B Prior
Reported Earlier, China Exports (YoY) For June 8.6% Vs. 8.0% Est.; 7.6% Prior
Reported Earlier, China Exports (YoY) For June 8.6% Vs. 8.0% Est.; 7.6%
How do high officials of the Federal Reserve view the significant cooling of inflation in the USA?
Two senior officials from the Federal Reserve spoke on Thursday, stating that inflation is making progress. The president of the St. Louis Reserve stated that the current policy interest rate is appropriate at this stage. The president of the San Francisco Reserve stated that given recent employment and inflation data, the Federal Reserve may need to make interest rate adjustments, but did not provide a specific schedule for rate cuts.
"Xinmei Federal Reserve News Agency" evaluates CPI in June: Mild inflation opens the door for a rate cut in September.
According to Timiraos' article, after the release of CPI, investors have increased the possibility of rate cuts in September, November, and December this year. A major question at this month's Fed meeting is how much basis Fed officials have laid for a rate cut in September. This year's FOMC voter, President of the San Francisco Fed, Daly, expects that it may be reasonable to cut interest rates soon after the announcement of the CPI, but also said that more information needs to be collected.