The Fed Needs To See More

Below gives key levels of markets in the second half of the Asia-Pac session:

• Nikkei 225 is closed
• ASX 200 up 61.226 points at 7053.90
• Shanghai Comp. up 38 points at 3268.02
• JGBs are closed
• Aussie 10-Yr future down 5.5 ticks at 96.68, yield up 5.1bp at 3.295%
• U.S. 10-Yr future -0-02 at 119-22, cash Tsys are closed
• WTI crude down $0.33 at $91.6, Gold down $7.48 at $1784.91
• USD/JPY up 28 pips at Y133.17
• FED'S KASHKARI: MORE RATE HIKES AHEAD, AND POSSIBLE RECESSION (RTRS)
• FED TO RAISE INTEREST RATES TO 4% NEXT YEAR, EVANS SAYS (RTRS)
• FED’S DALY: IT IS TOO EARLY TO ‘DECLARE VICTORY’ ON INFLATION FIGHT (FT)
• FED LIKELY TO WANT FURTHER EVIDENCE OF INFLATION SLOWDOWN (WSJ)
• BOE'S PILL SAYS RATE HIKES WON'T FEED THROUGH UNTIL LATE 2023 (RTRS)
• U.S. RETHINKS STEPS ON CHINA TARIFFS IN WAKE OF TAIWAN RESPONSE (RTRS SOURCES)