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

Unemployment Falls To 11.3% In Q2, Driven By Services

1 and 3-Year Consumer Inflation Expectations Remain Unchanged

MNI: ECB 1-YEAR CONSUMER INFLATION EXPECTATIONS 2.8%

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

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Powell On Whether The Two Tests For Rate Liftoff Have Been Met

FED

Q: Have the two tests for rate liftoff been met?

  • A: That's a decision for the Committee..."That question is not before us right now. We had the question on when to taper. We have now answered that question and the speed of it. We have not focused on whether we meet the liftoff test, because we don't meet it now, because we are not at maximum employment. Given where inflation is and where it's projected to be."
  • "The answer may be, it's been met, but we are not asking that question today because we are not running a liftoff test. We didn't have that discussion at today's meeting. We talked about the economy and development of the economy. We didn't ask whether the lift off test is met because it's clearly not met on the employment side."
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