MNI: US TSY: LOWERS Q3 BORROWING ESTIMATE BY $106B TO $740B

MNI BRIEF: US Treasury Lowers Q3 Borrowing Estimate By $106B

MNI BRIEF: New Powers For UK Fiscal Body As Spending Overshot

MNI China Daily Summary: Monday, July 29

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

Unemployment Rate Falls, But So Does Job-To-Applicant Ratio

MNI JAPAN JUNE JOBLESS RATE FALLS TO 2.5% FROM MAY 2.6%

MNI: UK JUL BRC SHOP PRICES -0.1% M/M, +0.2% Y/Y

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

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

Q: What urgency in returning to 2% infl.........>

FED
FED: Q: What urgency in returning to 2% infl target, given SEP?
A: Current stance appropriate. We're using emergency tools, have asset purchases
and won't go lower on those. Prepared to adjust, rates are at lower bound.
- May jobs report good illustration of how uncertain times are. Economy is
re-opening and we will learn a lot about the path of the economy in incoming
months. That's really what we're looking for.
- We never got to 2% symmetric goal, have to be humble; unemp above NAIRU.
- May employment report was  welcome surprise and very pleased, hope to get more
like it, but it's a long run, it will take some time.
Energy BulletsCommodities
Energy BulletsCommodities

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.