MNI China Daily Summary: Thursday, May 16

MNI BRIEF: China To Take Necessary Measures Following Tariffs

MNI BRIEF: Aussie Unemployment Rises To 4.1% In April

MNI: PBOC Conducts CNY2 Bln Via OMO Thurs; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1020 Thurs; -3.70% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

Inflation Expectations Remain Well Anchored

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Williams: Fed At Or Near Peak Level For Rates

FED

The NY Fed's Williams, a typically dovish leaning permanent voter, said in prepared remarks today that he currently sees the Fed as being at or near the peak for rates whilst remaining restrictive for some time.


Highlights from his text-only remarks owing to a personal matter:

  • "My current assessment is that we are at, or near, the peak level of the target range for the federal funds rate. I expect we will need to maintain a restrictive stance of monetary policy for some time to fully restore balance to demand and supply and bring inflation back to our 2 percent longer-run goal."
  • "We face two-sided risks. Our decisions, as always, will be guided by the data, with our eyes squarely on our goals,"
  • "We are doing well on our maximum employment mandate, but we still have a ways to go to fully restore price stability."
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