MNI BRIEF: PBOC Abolishes Lower Housing Mortgage Limit

MNI BRIEF: China To Acquire Housing, Land Stocks From Developers

MNI BRIEF: China April Data Shows Insufficient Demand - NBS

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

MNI: PBOC Sets Yuan Parity Higher At 7.1045 Fri; -3.53% Y/Y

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

RBNZ Data Watch

PBoC Data Watch

INDON Curve Twist-Steepens, Spread Diff Tightens, Samurai Bond Priced

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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Powell Asked On Soft/Hard Landing

FED
  • Q: If you don't want to use the term soft landing, would you say that the risk of a hard landing caused by the Fed has diminished? And some Wall Street analysts think if you maintain the level of restriction you have right now, you could end up with inflation running below target. How do you see that?
    • A: Where we are: executive summary would be, growth is solid to strong, and we have seen inflation come down. Let's be honest, this is a good economy. But the outlook: we expect growth to moderate, job growth has slowed, and inflation is above target and getting down closer to target - it's not guaranteed, but we seem to be on track.
    • We are not looking for inflation to tap the 2% base once. We are looking for it to settle out over time, at 2%. We are not looking to have inflation anchor below 2%. We are looking to have it anchored at 2%. So, if we do face those circumstances, then we will have to deal with it. For now, we want to take advantage of this situation and finish the job on inflation while keeping the labor market strong.
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