Central Banks
UK events for Wednesday include a Bank of England speaker and CPI data for June
0 Comments
/
Nathanaël Benjamin, Bank of England’s Executive Director, Financial Stability Strategy gives a speech at the OMFIF Economic and Monetary Policy Institute, ‘Getting Liquidity where it is needed’.I don't have a time for this. Also on the docket from the UK is inflation data, due at 0200 US Eastern time, 0600 GMT: Later this year, ForexLive.com…
If Trump fires Powell and appoints a lackey as Chair, that is only one vote out of 12
The FOMC has 12 voting members total, made up of two groups: Permanent Voting Members (8 members): The seven members of the Board of Governors: Jerome Powell (Chair), Philip Jefferson (Vice Chair), Michelle Bowman (Vice Chair for Supervision), Michael Barr, Lisa Cook, Adriana Kugler, and Christopher Waller plus the President of the Federal Reserve Bank…
Fed speakers Wednesday include New York head Williams. Beige Book also.
0800 US Eastern time/ 1200 GMT: Federal Reserve Bank of Richmond President Thomas Barkin speaks on "Forecasting Beyond Today's Data" before the Carroll County EDA and Chamber.0915 US Eastern time/1315 GMT: Federal Reserve Bank of Cleveland President Beth Hammack speaks on "Community Development" before the Cuyahoga County Community College Corporate College 20th Anniversary Celebration Business…
There are multiple FAKE NEWS report of Powell to resign
A heads up to a frenzy of fake news on social media. Gullible accounts posting the Powell will resign by August. Amplifying fake news posted by Trump sycophants. Don't fall for this baloney. Powell will be leaving as Fed Chair in May of 2026. Will be leaving August 2026 I guess!-The big guy said it…
PBOC sets USD/ CNY mid-point today at 7.1526 (vs. estimate at 7.1914)
The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a "band," around a central reference rate,…
Fed's Logan says there is a lot of uncertainty about tariff pass-through to consumers
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not…
Fed's Logan says 'base case' is Fed needs to hold tight for a while
Dallas Fed President Lorie Logan remarks at a World Affairs Council event in San Antonio.Base case is that monetary policy needs to hold tight for a while longer to bring inflation downWant to see low inflation continue longer to be convincedJune CPI data suggests PCE inflation, which the Fed targets at 2%, will riseAlso possible…
Trump says Powell renovations ‘sort of is’ a fireable offense
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not…
Trump: Bessent an option to replace Fed chair but I like the job he's doing at Treasury
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not…
Bailey urges global cooperation to ease financial risks, remains cautious on digital pound
Bank of England Governor Andrew Bailey’s speech at Mansion House, 15 July 2025.Full text is here: The future of the multilateral economic system, and some news on the UK payments infrastructure - speech by Andrew Bailey In summary. Bank of England Governor Andrew Bailey delivered a speech defending the importance of multilateral institutions like the…