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Yellen Presser Following APEC Finance Ministerial Shortly

GLOBAL POLITICAL RISK

US Treasury Secretary Janet Yellen is shortly due to deliver a press conference following a key day of ministerial sessions with APEC finance ministers. Livestream (YouTube)

  • A detailed preview of today's agenda can be found in previous bullet: LINK
  • The US Treasury notes that, following Secretary Yellen’s closing remarks the chair of the APEC Finance Minister’s Process was handed to Peru who will preside over APEC in 2024.
  • Market focus will be on the tone of the presser re: China, ahead of Wednesday's bilat between President Biden and President Xi.
  • Yellen said in her opening remarks today: "2023 has been a pivotal year for the Finance Ministers’ Process. After several years during which we rightly prioritized our response to and then our recovery from the COVID-19 pandemic, we’ve now refocused on the longer-term priorities established by APEC Finance Ministers in the 2015 Cebu Action Plan."
  • "The Action Plan emphasizes strengthening financial resilience and advancing fiscal reforms to build our economies over the long run. This effort starts with a full understanding of the global and regional economic and financial outlook, which we’ll discuss in session one. We’ll then turn to the three priorities we’ve focused on throughout this year: modern supply-side economics, sustainable finance, and digital assets."
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Energy BulletsPolitical Market NewsCommodities

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