MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI: UK BOE JUN MORTGAGE APPROVALS 59,976

MNI: UK JUN M4 MONEY SUPPLY +0.5% M/M, +1% Y/Y

Riksbank Shouldn’t Place Too Much Weight On The Q2 GDP Indicator

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Jen Psaki Presser, Inflation Data Won't Reflect Short Term Trends

WHITE HOUSE

Summary of Jen Psaki's comments from today's White House Presser.

  • President Biden will be hosting CEOs shortly to discuss his Build Back Better agenda.
  • New CPI numbers tomorrow and the White House expects high inflation data but claims this doesn’t reflect recent trends. Above 7 percent won’t be a surprise. Federal Reserve has prevue over controlling inflation but White House expects inflation to come down and moderate.
  • Has the White House fallen behind states in Covid policy? There is an active and ongoing work plan to exit pandemic restrictions. White House must be flexible. People are tired of wearing masks but the focus will remain on the data. White House continues to recommend masks throughout the country.
  • Big difference between Governor Ron DeSantis (R-FL) standing in the way of mask mandates and allowing schools and communities to make their own informed choices.
  • The White House supports journalists embedding with US troops in Eastern Europe. This is a pivot from the Trump administration’s policy.
  • Biden spoke with French President Emmanuel Macron this morning to discuss diplomacy in Europe. The White House does not see an de-escalation coming from Russia. There are no current plans for a meeting between Biden and Putin.
HomepagePolitical Market NewsPolitical RiskPolitical Risk BulletCEEMEABulletMarketsFixed Income BulletsForeign Exchange Bullets
HomepagePolitical Market NewsPolitical RiskPolitical Risk BulletCEEMEABulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.