BOC SAYS DOESN'T NEED TO ALTER PATH OF QT RIGHT NOW

this is a test, please ignore

MNI BRIEF: Text of Bank Of Canada Interest-Rate Decision

MNI China Daily Summary: Wednesday, July 24

MNI: PBOC Net Drains CNY203.9 Bln Via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1358 Weds; -0.98% Y/Y

MNI: JAPAN JUNE SERVICES PPI +3.0% Y/Y; MAY REV +2.7%

US Treasury Auction Calendar

EZ/UK Bond Supply Calendar: BTP Short Term and BTPeis on Thursday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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Chair Powell Asked If The Committee Has Seen Sufficient Housing Market Cooling

FED
  • Q: Have you seen sufficient housing market cooling?
    • A: We certainly saw that over the course of last year. We now see housing putting in the bottom and maybe moving up a little bit. We're watching that situation carefully. I do think we will see rents and house prices filtering into housing services inflation. And I don't see them coming up quickly. I do see them wandering around at a relatively low level now. And that's appropriate.
  • Q: At what point do you talk more firmly with lawmakers about fiscal responsibility?
    • A: That's not really my job, we're not the judges of appropriate fiscal policy.
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