MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

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

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

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Powell Reiterates the FOMC Will Look at the Totality of the Data

FED
  • Q: Can you sum up what you're looking at for confidence on inflation progress? Wages?
    • A: Most importantly we're looking at the incoming inflation data. We'll look at the totality of the data. Our target is not wages - it's really inflation. The inflation was not originally caused mostly by wages.
  • Q: Were there more officials who wanted to be careful and go slower on rate cuts than at the last meeting? Was there a sense that maybe it's smart to wait?
    • A: If you look at the Jan/Feb inflation data, I think very broadly that suggests that we were right to wait until we're more confident. I didn't hear anyone dismissing it as not information. I think generally speaking, it does go in the direction of saying yes, it is appropriate for us being careful as we approach this question.
Metals bulletCredit BulletsEM BulletFixed Income BulletsHomepageCreditCommoditiesEnergy BulletsBulletMarketsEmerging Market NewsForeign Exchange Bullets
Metals bulletCredit BulletsEM BulletFixed Income BulletsHomepageCreditCommoditiesEnergy BulletsBulletMarketsEmerging Market NewsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.