MNI China Daily Summary: Tuesday, December 31

MNI China Press Digest Dec 31: PBOC, Panda Bonds, EVs

MNI: PBOC Net Injects CNY93.6 Bln via OMO Tues

CHINA DEC MANUFACTURING PMI 50.1 VS 50.3 IN NOV

MNI: PBOC Sets Yuan Parity Lower At 7.1884 Tues; -2.65% Y/Y

MNI: China CFETS Yuan Index Down 0.13% In Week of Dec 27

MNI:US OCT FHFA HPI SA +0.4% V +0.7% SEP; +4.5% Y/Y

MNI: US REDBOOK: DEC STORE SALES +5.5% V YR AGO MO

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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FED: Chair Powell Begins December FOMC Press Conference

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USEM BulletFederal ReserveCentral Bank NewsEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • Mostly similar language from Powell so far as in recent pressers.
    • Powell notes economy has expanded at a "solid" pace, is "strong" overall, including resilient consumer spending.
    • Payroll job gains have slowed since the start of the year; the unemployment rate is higher but at 4.2% it remains "low". Overall a broad set of indicators suggest labor market conditions are less tight than in 2019.
    • Inflation has eased significantly but remains elevated overall. Total PCE prices rose 2.5% in year ending in Nov, core PCE +2.8%.
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  • Mostly similar language from Powell so far as in recent pressers.
    • Powell notes economy has expanded at a "solid" pace, is "strong" overall, including resilient consumer spending.
    • Payroll job gains have slowed since the start of the year; the unemployment rate is higher but at 4.2% it remains "low". Overall a broad set of indicators suggest labor market conditions are less tight than in 2019.
    • Inflation has eased significantly but remains elevated overall. Total PCE prices rose 2.5% in year ending in Nov, core PCE +2.8%.