MNI: PBOC Net Injects CNY674 Bln Via OMO Tue; Rates Unchanged

MNI China Press Digest July 16: LPR, Q2 Data, Property

MNI: PBOC Sets Yuan Parity Higher At 7.1328 Tue; -1.79% Y/Y

CHINA PBOC CONDUCTS CNY676 BILLION VIA 7-DAY REVERSE REPOS TUE

CHINA SETS YUAN CENTRAL PARITY AT 7.1328 TUE VS 7.1313

MNI BRIEF: Fed's Powell Says Neutral Rate Has Likely Risen

Asia Sovs Little Changed, BI Rate Decision Wednesday

Multiple Factors Likely To Keep Chip Exports Supported In Coming Months

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

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

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

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Fed's Bullard speaking at MNI event in Tokyo....>

FED
FED: Fed's Bullard speaking at MNI event in Tokyo
- Suggest Fed should be cautions to prevent yield curve inversion
- Sees policy as neutral and inflation expectations as low
- Hard to see much higher yields without higher inflation expectations
- Thinks Fed should "go with the data" rather than risk inverting the yield
curve (1y-10y)
- Fed hit inflation target in 1995-2012 period, but inflation expectations
lowered since then
- Thinks neutral rate likely to remain low
- Any adjustment to IOER / Fed Funds range seen as technical not policy
- No final decision on terminal size of balance sheet
- Inflation targeting itself may have reduced correlation between unemployment
and inflation
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