MNI: PBOC Conducts CNY2 Bln Via OMO Thurs; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

MNI: PBOC Sets Yuan Parity Higher At 7.1058 Thurs; -4.80% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1058 THURS VS 7.1048

MNI China Daily Summary: Wednesday, April 24

MNI BRIEF: China Steel Demand Q2 Limited Rebound

France Manufacturing Sentiment Reverses Year-To-Date Gains

MNI: FRANCE APR MANUF SENTIMENT AT 100

US Treasury Auction Calendar

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Chair Powell Pressed On The Potential For Recession

FED
  • Q: What would you tell the public to reassure them that you feel confident in your forecast that we're not heading for a recession?
  • A: All I've really said is I don't think it's likely that the US economy is in a recession now. Going forward, what we've seen is a slowing in spending, as I mentioned. We've seen the very beginnings of, perhaps, a slight lessening in the tightness of the labor market, but it'd only be the beginning.
  • Our goal is to bring inflation down and have a so-called soft landing. We're trying to achieve that. I've said on many occasions that we understand that's going to be quite challenging, and it's gotten more challenging over recent months.
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