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MNI China Daily Summary: Wednesday, Nov 22

(RPT)MNI INTERVIEW:Spending Remains Too Hot For BOC-Ex Adviser

MNI BRIEF: Reduce Energy Use Over Consumption - Ex Minister

MNI: US MBA: MARKET COMPOSITE +3.0% SA THRU NOV 17 WK

US MBA: REFIS +2% SA; PURCH INDEX +4% SA THRU NOV 17 WK

MNI: UK NOV CBI INDUSTRIAL TRENDS TOTAL ORDERS -35

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

MNI BRIEF:Macklem-Fiscal Policy Turning Unhelpful On CPI Fight

MNI BRIEF: Stabilizing Prices Helps BOC Turn Neutral-Freeland

Chair Powell Asked If The Fed Has A Tightening Bias

FED
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  • 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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  • 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...