MNI China Daily Summary: Friday, April 26

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI BRIEF: SNB Framework Reform 'Playing With Fire' - Steiner

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

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

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

MNI: BAKER HUGHES US RIG COUNT 613; OIL RIGS 506; GAS RIGS 105

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

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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MNI BRIEF: Fed's Barkin Says Soft Landing Not Inevitable

Federal Reserve
(MNI) WASHINGTON
A soft landing for the U.S. economy is possible but not assured and Federal Reserve officials will need to maintain a close eye on incoming data to gauge when to make its next move on interest rates, Richmond Fed President Thomas Barkin said Wednesday.
"A soft landing is increasingly conceivable but in no way inevitable," said Barkin in a speech. Risks include that the economy could run out of steam or, conversely, that inflation either steadies above target or even reaccelerates.
"Is inflation continuing its descent and is the broader economy continuing to fly smoothly? Conviction on both questions will determine the pace and timing of any changes in rates. There’s no autopilot. The data that come in this year will matter," said Barkin. (See MNI INTERVIEW: Bullard Says March Too Early For Fed To Cut)
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
USPolicy NewsCentral Bank NewsHomepageFederal ReserveBriefStoryRegionNorth America
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
USPolicy NewsCentral Bank NewsHomepageFederal ReserveBriefStoryRegionNorth America

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