MNI BRIEF: Japan Govt Keeps Econ View, Cuts Exports

MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

CHINA PBOC CONDUCTS CNY235.1 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1321 THURS VS 7.1358

MNI China Daily Summary: Wednesday, July 24

MNI: JAPAN JUNE SERVICES PPI +3.0% Y/Y; MAY REV +2.7%

MNI BRIEF: Japan June Services PPI Rises 3.0% Vs. May's 2.7%

US Treasury Auction Calendar

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

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Powell Asked Whether the Statement Puts More Weight On Lag Effects Than Before

FED
  • That previous Q in full - Q: Should we interpret the statement that more weight is being put into lag effects than they would have been after previous hikes?
  • A: As we become more restrictive, we think the lags are just sort of a basic part of monetary policy. Let me say this, it is very premature to be thinking about pausing. When people hear lags, they think about a pause. It's very premature in my view to be thinking about or talking about pausing our rate hikes. We have a ways to go. We need ongoing rate hikes to get to that level of restrictive. We don't know where that is exactly. We have a sense. We'll write down in the December meeting a new SEP which updates that. I would expect us to continue to update it based on what we're seeing with incoming data.
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