MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1270 Fri; -0.95% Y/Y

CHINA PBOC CONDUCTS CNY358.05 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1270 FRI VS 7.1321

MNI BRIEF: Treasury's Yellen: Inflation Moving To Fed's Target

Japan Tokyo Jul Core CPI +2.2% Y/Y

MNI BRIEF: Japan July Tokyo Core CPI Rises 2.2% Vs. June's 2.1%

MNI JAPAN JULY TOKYO CORE CPI +2.2% Y/Y; JUNE +2.1%

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

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Chair Powell Asked If The Fed Has A Tightening Bias

FED
  • Q: Does the FOMC have a tightening or neutral bias?
    • A: [Cites forward guidance] - that's the question we are asking. We haven't used the term [tightening bias\ but it's fair to say that the question we are asking is, should we hike more.
  • Q: How are you thinking about UAW strike finishing, Middle East War, etc?
    • A: Our job is to monitor these things for economic implications.... UAW strike appears to be coming to an end, Israel - Hamas tensions, oil prices have flattened out, gov't shutdown - we don't know about that one. There is plenty of risk out there. But I'd go back to the bigger picture from our standpoint which is a very strong economy etc...
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