Barkin is a voting member in 2021

Barkin is a voting member in 2021_
Another Fed voting member, Richmond Fed president Barkin is on the wires now. He says:
  • Feds forward guidance may not be as easy to understand as one the central bank was approaching inflation from below 2% target
  • Inflation has gone up faster than he expected due to the virus, vaccines and fiscal support
  • Long-term inflation expectations are always a concern
  • Important to have long-run inflation expectations stable at the Fed's target
  • He is supportive of normalizing monetary policy as the Fed is doing
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Thu 2 Dec 2021 16:43:10 GMT

Fed's Daly: Older workers/women with children will be able to return to the labor market eventually


//az705044.vo.msecnd.net/20201022/mary-c-daly.png Greg Michalowski
Thu 2 Dec 2021 16:43:10 GMT
Category: Central Banks
0


San Francisco Fed's Daly also speaking

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Thu 2 Dec 2021 16:36:39 GMT

Fed's Bostic: We've seen a pretty robust recovery in employment/GDP

Atlanta Fed president Bostic Bostic is a voting member on the FOMC in 2021. So he will have a say on whether the Fed should increase the taper at the December meeting.  His comments about getting the taper over sooner rather than later suggests the speeding above that taper process.

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Fed's Bostic: We've seen a pretty robust recovery in employment/GDP


//az705044.vo.msecnd.net/20180323/fed-bostic.png Greg Michalowski
Thu 2 Dec 2021 16:36:39 GMT
Category: Central Banks
0
Atlanta Fed president Bostic Bostic is a voting member on the FOMC in 2021. So he will have a say on whether the Fed should increase the taper at the December meeting.  His comments about getting the taper over sooner rather than later suggests the speeding above that taper process.

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Thu 2 Dec 2021 06:30:12 GMT

RBNZ Chief Economist: omicron variant unlikely to change outlook

Omicron risk downplayed down under The weakness in the NZD after the last RBNZ meeting had been a little puzzling. With so many positive revisions higher for the outlook of the New Zealand economy it was reasonable to expect some NZD buying. Now, with the emergence of the omicron variant fears NZD selling is much more understandable. As a high beta currency, alongside the CAD and the AUD, it is normal to see it drop during times of risk aversion. However, where next for the NZD? Let's look at two outlooks for if the variant fades or if it doesn't fade.

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RBNZ Chief Economist: omicron variant unlikely to change outlook


Giles Coghlan
Thu 2 Dec 2021 06:30:12 GMT
Category: Central Banks
0
Omicron risk downplayed down under The weakness in the NZD after the last RBNZ meeting had been a little puzzling. With so many positive revisions higher for the outlook of the New Zealand economy it was reasonable to expect some NZD buying. Now, with the emergence of the omicron variant fears NZD selling is much more understandable. As a high beta currency, alongside the CAD and the AUD, it is normal to see it drop during times of risk aversion. However, where next for the NZD? Let's look at two outlooks for if the variant fades or if it doesn't fade.

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Thu 2 Dec 2021 06:11:45 GMT

BOJ's Suzuki: Pandemic-relief programmes are an emergency step, need to be terminated at some point

I bet that is what they said about negative rates too That aside, with the threat of omicron, the BOJ isn't likely to commit to anything just yet and will wait until the deadline of the programmes which is March next year.

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BOJ's Suzuki: Pandemic-relief programmes are an emergency step, need to be terminated at some point


Justin Low
Thu 2 Dec 2021 06:11:45 GMT
Author: Justin Low
Category: Central Banks
0
I bet that is what they said about negative rates too That aside, with the threat of omicron, the BOJ isn't likely to commit to anything just yet and will wait until the deadline of the programmes which is March next year.

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Thu 2 Dec 2021 03:46:09 GMT

Plenty of Federal Reserve speakers ahead for Thursday

1330 GMT - Federal Reserve Bank of Atlanta President Raphael Bostic moderates virtual conversation, "Why is Housing So Expensive?" before the Biennial Real Estate Conference organized by the Federal Reserve Banks of Atlanta and Dallas. 

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Plenty of Federal Reserve speakers ahead for Thursday


https://az705044.vo.msecnd.net/20211202/parrot3.png Eamonn Sheridan
Thu 2 Dec 2021 03:46:09 GMT
Category: Central Banks
0
1330 GMT - Federal Reserve Bank of Atlanta President Raphael Bostic moderates virtual conversation, "Why is Housing So Expensive?" before the Biennial Real Estate Conference organized by the Federal Reserve Banks of Atlanta and Dallas. 

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Thu 2 Dec 2021 01:55:48 GMT

Heightened risk of faster policy normalisation from the Bank of Korea

The bank of Korea is South Korea's central bank. ANZ warn in light of the fast pace of inflation in the country, i.e. this: Remarks out of the BoK:  

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Heightened risk of faster policy normalisation from the Bank of Korea


https://az705044.vo.msecnd.net/20161114/hike-faster.png Eamonn Sheridan
Thu 2 Dec 2021 01:55:48 GMT
Category: Central Banks
0
The bank of Korea is South Korea's central bank. ANZ warn in light of the fast pace of inflation in the country, i.e. this: Remarks out of the BoK:  

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Thu 2 Dec 2021 01:38:49 GMT

BOJ board member Suzuki optimistic on consumption and economy, nods to Omicron risks

Bank of Japan monetary policy board member Suzuki speaking.  Headlines via Reuters: Once again, nothing at all here to indicate any prospect of a near-term change in BOJ policy. 

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BOJ board member Suzuki optimistic on consumption and economy, nods to Omicron risks


Eamonn Sheridan
Thu 2 Dec 2021 01:38:49 GMT
Category: Central Banks
0
Bank of Japan monetary policy board member Suzuki speaking.  Headlines via Reuters: Once again, nothing at all here to indicate any prospect of a near-term change in BOJ policy. 

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Thu 2 Dec 2021 01:18:31 GMT

PBOC sets USD/ CNY central rate at 6.3719 (vs. estimate at 6.3648)

The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.      - USD/CNY is permitted to trade plus or minus 2% from this daily reference rate.

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PBOC sets USD/ CNY central rate at 6.3719 (vs. estimate at 6.3648)


Eamonn Sheridan
Thu 2 Dec 2021 01:18:31 GMT
Category: Central Banks
0
The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.      - USD/CNY is permitted to trade plus or minus 2% from this daily reference rate.

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Wed 1 Dec 2021 23:19:16 GMT

1

Fed's Mester says a quicker taper gives the Fed room to hike earlier if needed

Federal Reserve Bank of Cleveland President Loretta Mester speaking with Bloomberg  Seats are filling up fast on the faster taper bandwagon express.

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Fed's Mester says a quicker taper gives the Fed room to hike earlier if needed


Eamonn Sheridan
Wed 1 Dec 2021 23:19:16 GMT
Category: Central Banks
1
Federal Reserve Bank of Cleveland President Loretta Mester speaking with Bloomberg  Seats are filling up fast on the faster taper bandwagon express.

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Wed 1 Dec 2021 19:11:09 GMT

Fed's beige book: There have been wide-ranging input costs increases from strong demand

Headlines from the Fed's beige book are trickling in... - There has been a wide ranging input costs increases stemming from strong demand for raw materials, logistical challenges, and labor market tightness After two days of testimony from Fed's Powell, and his admission that inflation was more persistent (not transitory), the comments from the beige book are congruent with that view.

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Fed's beige book: There have been wide-ranging input costs increases from strong demand


//az705044.vo.msecnd.net/20211201/feds-beige-book.jpg Greg Michalowski
Wed 1 Dec 2021 19:11:09 GMT
Category: Central Banks
0
Headlines from the Fed's beige book are trickling in... - There has been a wide ranging input costs increases stemming from strong demand for raw materials, logistical challenges, and labor market tightness After two days of testimony from Fed's Powell, and his admission that inflation was more persistent (not transitory), the comments from the beige book are congruent with that view.

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Wed 1 Dec 2021 18:02:34 GMT

Feds Williams: Fed will grapple with faster bond buying taper

NY Fed president John C Williams in a New York Times article The New York Fed president John Williams in a New York Times article says:

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Feds Williams: Fed will grapple with faster bond buying taper


//az705044.vo.msecnd.net/20190625/fed-williams.png Greg Michalowski
Wed 1 Dec 2021 18:02:34 GMT
Category: Central Banks
0
NY Fed president John C Williams in a New York Times article The New York Fed president John Williams in a New York Times article says:

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Wed 1 Dec 2021 15:39:45 GMT

3

Feds Powell testimony: Inflation had spread more broadly

Fed chair Powell testifying before the House financial services committee Fed chair Powell and Treasury Secretary Ellen have switched to the House of Representatives where he is testifying before the House financial services committee. 

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Feds Powell testimony: Inflation had spread more broadly


//az705044.vo.msecnd.net/20211201/fed-chair-powell-house-of-representative.jpg Greg Michalowski
Wed 1 Dec 2021 15:39:45 GMT
Category: Central Banks
3
Fed chair Powell testifying before the House financial services committee Fed chair Powell and Treasury Secretary Ellen have switched to the House of Representatives where he is testifying before the House financial services committee. 

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Wed 1 Dec 2021 12:56:29 GMT

1

ECB policymakers contemplate delaying future bond purchases amid uncertain outlook - report

Reuters reports, citing sources familiar with the matter If anything else, this means that the December meeting could be more of a placeholder once again as the can gets kicked down the road to next year.

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ECB policymakers contemplate delaying future bond purchases amid uncertain outlook - report


//az705044.vo.msecnd.net/20170519/ecb.jpg Justin Low
Wed 1 Dec 2021 12:56:29 GMT
Author: Justin Low
Category: Central Banks
1
Reuters reports, citing sources familiar with the matter If anything else, this means that the December meeting could be more of a placeholder once again as the can gets kicked down the road to next year.

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Wed 1 Dec 2021 05:54:45 GMT

BOJ's Adachi: Will ease policy further only if virus infections spike, prompting yen rise and equities fall


Justin Low
Wed 1 Dec 2021 05:54:45 GMT
Author: Justin Low
Category: Central Banks
0
Remarks by BOJ policymaker, Seiji Adachi

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Wed 1 Dec 2021 03:17:11 GMT

Federal Reserve events coming up on Wednesday 1 December - Powell, Beige Book

Chair of the Federal Reserve System Powell is speaking again today. Description from the Fed:Its due at 1700 GMT.  Chair Powell:

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Federal Reserve events coming up on Wednesday 1 December - Powell, Beige Book


https://az705044.vo.msecnd.net/20211130/powell-nov-30.png Eamonn Sheridan
Wed 1 Dec 2021 03:17:11 GMT
Category: Central Banks
0
Chair of the Federal Reserve System Powell is speaking again today. Description from the Fed:Its due at 1700 GMT.  Chair Powell:

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Wed 1 Dec 2021 01:50:05 GMT

BOJ Adachi says he does not think the current weak yen is a negative for Japan's economy

Bank of Japan board member Adachi Bolding above is mine. Apart from the usual guff on monetary policy Adachi added in some forex comments. I am not sure why, the BOJ will not be upset by the weak yen, nor will Japan's other authorities.   

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BOJ Adachi says he does not think the current weak yen is a negative for Japan's economy


Eamonn Sheridan
Wed 1 Dec 2021 01:50:05 GMT
Category: Central Banks
0
Bank of Japan board member Adachi Bolding above is mine. Apart from the usual guff on monetary policy Adachi added in some forex comments. I am not sure why, the BOJ will not be upset by the weak yen, nor will Japan's other authorities.   

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Wed 1 Dec 2021 01:15:40 GMT

PBOC sets USD/ CNY mid-point today at 6.3693 (vs. estimate at 6.3706)

The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.      - USD/CNY is permitted to trade plus or minus 2% from this daily reference rate.

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PBOC sets USD/ CNY mid-point today at 6.3693 (vs. estimate at 6.3706)


Eamonn Sheridan
Wed 1 Dec 2021 01:15:40 GMT
Category: Central Banks
0
The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.      - USD/CNY is permitted to trade plus or minus 2% from this daily reference rate.

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Tue 30 Nov 2021 18:58:31 GMT

Clarida: Getting inflation down close to 2% key to managing expectations

More from the Fed vice chair I wonder if the Fed is dooming itself to another decade of low inflation by squandering its only opportunity to push up expectations in a generation.

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Clarida: Getting inflation down close to 2% key to managing expectations


//az705044.vo.msecnd.net/20211119/richard-clarida-fomc.jpg Adam Button
Tue 30 Nov 2021 18:58:31 GMT
Author: Adam Button
Category: Central Banks
0
More from the Fed vice chair I wonder if the Fed is dooming itself to another decade of low inflation by squandering its only opportunity to push up expectations in a generation.

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Tue 30 Nov 2021 18:46:56 GMT

4

Fed's Clarida says be believes a financial crisis was averted during the pandemic

Comments from Clarida There's nothing so far on the outlook for monetary policy. Brainard has been nominated for Clarida's position, so his term at the Fed will end in January.

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Fed's Clarida says be believes a financial crisis was averted during the pandemic


Adam Button
Tue 30 Nov 2021 18:46:56 GMT
Author: Adam Button
Category: Central Banks
4
Comments from Clarida There's nothing so far on the outlook for monetary policy. Brainard has been nominated for Clarida's position, so his term at the Fed will end in January.

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Tue 30 Nov 2021 17:38:33 GMT

Yellen/Powell wrap up testimony. How did the markets do from start to finish.

Stocks move lower. Shorter-term yields rise. Gold falls. Crude oil lower At the start of the testimony: As Yellen/Powell wrap up their testimony In the forex, the USD moved higher, but is also off the highest levels of the day.  The USD is the strongest of the majors while the AUD is the weakest.

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Yellen/Powell wrap up testimony. How did the markets do from start to finish.


//az705044.vo.msecnd.net/20211130/2021-11-30_10-39-28.jpg Greg Michalowski
Tue 30 Nov 2021 17:38:33 GMT
Category: Central Banks
0
Stocks move lower. Shorter-term yields rise. Gold falls. Crude oil lower At the start of the testimony: As Yellen/Powell wrap up their testimony In the forex, the USD moved higher, but is also off the highest levels of the day.  The USD is the strongest of the majors while the AUD is the weakest.

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Tue 30 Nov 2021 17:21:14 GMT

1

More from Yellen: We are seeing inflation all around developing world

Testimony continues for Yellen/Powell ON inflation Yellen says: - We are seeing inflation all around developing world - we've seen a shift in spending from services and toward goods Powell:

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More from Yellen: We are seeing inflation all around developing world


Greg Michalowski
Tue 30 Nov 2021 17:21:14 GMT
Category: Central Banks
1
Testimony continues for Yellen/Powell ON inflation Yellen says: - We are seeing inflation all around developing world - we've seen a shift in spending from services and toward goods Powell:

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Tue 30 Nov 2021 16:02:45 GMT

15

Powell: It's appropriate to talk about speeding up taper at coming meeting

Powell puts a faster taper squarely on the table Powell's earlier comment about 'transitory' being retired started the turnaround and this latest comment confirmed it. He said it's appropriate at the December meeting to discuss whether to wrap up bond purchases a few months earlier.

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Powell: It's appropriate to talk about speeding up taper at coming meeting


//az705044.vo.msecnd.net/20211130/powell-nov-30.png Adam Button
Tue 30 Nov 2021 16:02:45 GMT
Author: Adam Button
Category: Central Banks
15
Powell puts a faster taper squarely on the table Powell's earlier comment about 'transitory' being retired started the turnaround and this latest comment confirmed it. He said it's appropriate at the December meeting to discuss whether to wrap up bond purchases a few months earlier.

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Tue 30 Nov 2021 15:42:27 GMT

10

Powell: It is time to retire "transitory" for inflation. Dollar moves higher.

US yields move higher Fed's Powell admits that it is time to retire the term "transitory" for inflation.  The dollar moved higher on the comment. Stocks dip and US yields move higher (although still lower)

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Powell: It is time to retire "transitory" for inflation. Dollar moves higher.


//az705044.vo.msecnd.net/20211130/feds-powell.jpg Greg Michalowski
Tue 30 Nov 2021 15:42:27 GMT
Category: Central Banks
10
US yields move higher Fed's Powell admits that it is time to retire the term "transitory" for inflation.  The dollar moved higher on the comment. Stocks dip and US yields move higher (although still lower)

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Tue 30 Nov 2021 15:32:50 GMT

Dallas Fed Texas service sector index 22.7 in November versus 20.7 in October

Service sector index from the Dallas Fed - Texas service sector index of a general business activity outlook 22.7 in November versus 20.7 in October - Revenue index 25.4 November versus 19.6 in October For the full report .

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Dallas Fed Texas service sector index 22.7 in November versus 20.7 in October


Greg Michalowski
Tue 30 Nov 2021 15:32:50 GMT
Category: Central Banks
0
Service sector index from the Dallas Fed - Texas service sector index of a general business activity outlook 22.7 in November versus 20.7 in October - Revenue index 25.4 November versus 19.6 in October For the full report .

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