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MNI: FED'S POWELL STILL SEES POSSIBLE PATH TO SOFT LANDING

MNI: POWELL: FED PREPARED TO TIGHTEN FURTHER IF APPROPRIATE

FED'S GOOLSBEE: 'YOU CAN'T BACK OUT NOW' ON INFLATION FIGHT

MNI: BAKER HUGHES US RIG COUNT 625; OIL RIGS 505; GAS RIGS 116

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

EZ/UK Bond Supply Calendar: BOE Long APF Operation on Monday

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

FOMC Minutes Due, No Major LatAm Data Releases

LATAM
  • There are no major economic data releases in LatAm on Wednesday. Mexico retail sales and Chile GDP are scheduled for Friday. The FOMC minutes are the highlight on the G10 data docket.
  • UK: headline inflation fell sharply in July, largely in line with expectations, but core inflation was unchanged at 6.9%, giving the Bank of England's Monetary Policy Committee ammunition for another rate hike in September.
  • New Zealand: The Reserve Bank of New Zealand’s monetary policy committee held the Official Cash Rate steady at 5.5% for the second consecutive meeting Wednesday, noting the rate was constraining spending and inflation, while the accompanying August Monetary Policy Statement pushed out its forecasts for the elevated OCR.
  • China: Forex regulators have sent a clear signal that policy tools will be used in due course should depreciation pressure on the yuan increase, said Wang Qing, chief macro analyst at Golden Credit Rating. The People's Bank of China said on Tuesday it will issue CNY20 billion three-month and CNY15 billion one-year central bank bills in Hong Kong on August 22, the fifth time this year. Wang said the issuance scale has increased significantly, which tightens yuan liquidity in the offshore market and increases the cost of shorting yuan. (21st Century Business Herald)
  • Iron ore fell as steel plants in China curb production amid a deepening crisis in the nation’s property sector. Singapore futures of the key steelmaking material have dropped about a quarter from a March peak, and have been hovering around the $100 a ton level for about two weeks.
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