Bond buying will continue our current pace until see the actual data moving closer to inflation, employment goals This will be the year in which the Fed engages with public on digital dollar Communicate as far in advance as possible on progress could will need legisl...
- Lots of slack remains in the labor market, still a long way to go to maximum employment - Will be purchasing assets at their current pace until data shows progress towards goals - Perceived progress will be communicated as far in advance as possible
Crude oil inventories showed a build of 1.285M vs - 6.5M estimate
- We take our inflation remit very seriously - Inflation expectations are remarkably stable,do not point to above-target inflation - We will continue to monitor these expectations very carefully
Actual: 4.3% Expected: 2.1% Previous: 5.5%
BOJ Kuroda: Bond purchases are for monetary policy purposes, not for the government
1. Fed Chair Powell Testifies Due to testify on the Semiannual Monetary Policy Report before the House Financial Services Committee, in Washington DC 2. US New Home Sales Investors will get an update on the health of the U.S. housing...
-Fed policy is among many factors driving markets right now -Will continue bond buying program at its current pace -Will communicate well in advance before making future changes
-Unemployment still elevated, job market improvement has slowed -Prices remain 'particularly soft' in hard-hit sectors -Economy path remains highly uncertain -FOMC committed to using full range of its tools -Sees easy-money policies staying in plac...
-Long way from policy goals, further progress to take some time -Developments point to improved outlook later this year -Vaccines should help speed of return to normalcy -Spending on services still low, but has picked up on goods
POWELL: LONG WAY FROM GOALS, FURTHER PROGRESS TO TAKE SOME TIME
Eurozone January final core CPI +1.4% vs +1.4% y/y prelim
1. Eurozone Consumer Price Index (CPI) Focus on the Consumer Price Index in the Eurozone. On a year-on-year basis, the Eurozone CPI is expected to be 0.9%. A lower than expected reading will be negative for the single currency. 2. US CB Consumer Confid...
The US Dollar was under pressure last Friday, after disappointing labor market data diluted optimism over a quick U.S. economic recovery. The Federal Reserve warned that the labor market would take time to return to trend and thus its easy monetary policy would stay in place for a cons...
Says he is worried that resulting labour market slack will be more persistent and more disinflationary than the BoE central projection Says his preferred path for policy would be to keep the current monetary stimulus in pace until well into 2023 or 2024
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