MNI BRIEF: Foreign Firms Content In China

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1270 Fri; -0.95% Y/Y

CHINA PBOC CONDUCTS CNY358.05 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1270 FRI VS 7.1321

1 and 3-Year Consumer Inflation Expectations Remain Unchanged

MNI: ECB 1-YEAR CONSUMER INFLATION EXPECTATIONS 2.8%

Unemployment Rate Steady As Labour Force Expands

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

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Powell Asked How The Fed Factors In Inequality To Calculations

FED
  • Q: How do you factor in inequality to your calculations?
  • A: I would go back to the labor market we had pre-pandemic; wage increases for those at the lowest level of the income spectrum were the largest; where the labor market can remain strong over an extended period of time. We want to get back to that. We have to think about the medium and longer term. Price stability pays dividends over a very long period of time. When it is lost, it needs to be restored as quickly as possible.
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