In remarks prepared for delivery to the Joint Economic Committee of Congress on Wednesday, Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, will reiterate that the baseline outlook for the US economy remains favourable and say that the monetary policy is likely to remain appropriate as long as incoming data broadly remains consistent with the Fed's economic outlook. These remarks don't seem to be having a noticeable impact on the greenback's valuation with the US Dollar Index clinging to modest daily gains above the 98.30 mark. Below are some additional...

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Australia's central bank is focused on the jobs market and said it will adjust policy if needed to support economic growth and keep inflation on track to return to target. In minutes of its July 2 meeting, when it cut interest rates for a second month to a record-low 1%, the Reserve Bank noted wages growth remained low overall and œspare capacity was likely to remain in the labor market for...

Federal Reserve Chairman Jerome Powell said Thursday that the U.S. economy was hit by a severe œconfidence shock in May from which it has only partly recovered. œYou saw business confidence surveys¦quite negative, fairly broadly, Powell said, in testimony to the Senate Banking Committee. œSome of that has recovered, but only after the Fed œstepped forward and said it was...

Many Federal Reserve officials said in their meeting in June that they would be willing to cut interest rates if the economy continued to struggle in coming weeks, according to minutes of the discussion released on Wednesday. Officials appeared caught off guard in mid-June about sudden "significant" signs of weakness in the economy, calling them "quite recent." Given how quickly things were...

In his prepared statement to be delivered at his semi-annual testimony to the Congress, Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, reiterated that the Fed will act 'as appropriate' to sustain the U.S. economic growth. With the initial reaction to Powell's statement, the US Dollar Index turned south and was last down 0.25% on the day at 97.25. Below are some...

In his prepared remarks delivered at the Stress Testing Conference organized by the Federal Reserve Bank of Boston, Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, didn't comment on the monetary policy outlook or the economy's state. There won't be a Q&A session and markets will be waiting for Atlanta Fed President Bostic and St. Louis Fed President Bullard's...

FISCAL
No-Deal Brexit Riskiest For Financial Stability: BoE's Carney
Monday, 25 February 2019 18:17 WIB Bank of England Governor Mark Carney said on Monday that the possibility of Britain leaving the European Union next month without a transition deal...
MONETARY
BOJ Maintains Key Interest Rates and Forward Guidance
Tuesday, 30 July 2019 10:06 WIB Bank of Japan maintains 10-year JGB yield target at about zero percent after ending a two-day meeting on Tuesday. Keeps policy balance rate at...

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