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7 Apr, 5 tweets, 1 min read
🇺🇸🗣️ Fed Speakers | 7th April:

(EDT/BST)

🔹0900/1400: Fed Bank of Chicago Pres Charles Evans (Voter, Neutral) speaks on current economic conditions and monetary policy before virtual Prairie State College Foundation Economic Forecast Breakfast - Audience and media Q&A expected
🔹 1100/1600: Fed Bank of Dallas Pres Robert Kaplan (Non-Voter, Hawk) participates in virtual moderated question-and-answer session before the Reinventing Bretton Woods Committee
🔹 1200/1700: Fed Bank of Richmond Pres Thomas Barkin (Voter, Neutral) speaks on the monetary policy outlook, labor market scarring and other topics before a virtual Global Interdependence Center Executive Briefing
🔹 1300/1800: Fed Bank of San Francisco Pres Mary Daly (Voter, Neutral) discusses the economy, climate change and economic inequality during a fireside chat webinar
⚠️ 1400/1900: Minutes from March 16-17 FOMC meeting

🔹In March meeting, FOMC left funds rate target range unchanged at 0–0.25%, as widely expected. In Summary of Economic Projections, median participant project a 3.5% unemployment rate and 2.1% core PCE inflation for end of 2023

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More from @PriapusIQ

8 Apr
🇺🇸 Recap of Powell's comments today:

🔹We want to see a string of job reports like the March jobs report to see progress; there are still 8.5mln out of work

🔹Substantial further progress means actual progress, wants to see actual improvement before tapering
🔹Global vaccination is a risk to progress we are making, there is a risk in the US as well with cases moving back up

🔹We are not going back to the same economy

🔹It will be appropriate to continue to support those who have a hard time getting back into the work force
🔹Reiterates we need to keep supporting the economy, and we will

🔹Reiterates one time increases in prices is different from persistent inflation; by inflation we mean persistent inflation that goes up year after year
Read 5 tweets
8 Apr
🇹🇷 Goldmans | on Turkish Reserves

🔹Gross Reserves Decreased in the Week to April 2

(Central Bank Reserves) Image
🔹Net Foreign Assets of the TCMB Fell Over the Week

(Gross and Net Foreign Assets of the TCMB (Daily Analytical Balance Sheet)) Image
🔹Banks' Net General FX Position Improved Over the Week Image
Read 7 tweets
8 Apr
🇨🇳 China Vice Premier Lui He reiterates that China is to implement prudent monetary policy and is to keep CNY rate basically stable at above reasonable and balanced levels
🇨🇳 China's Vice Premier Liu he says local financial institutions should step up risk management, should not excessively pursue scale expansion
🇨🇳 China's Vice Premier Liu he says local financial institutions are urged to focus on home market, providing services to small and micro firms, local residents
Read 4 tweets
8 Apr
🇪🇺 ECB says in March 11 meeting account it was important to provide reassurance that the governing council would maintain an accommodative monetary policy for as long as necessary and saw no risk of overheating
🔹The view was held that the increase observed in sovereign yields had remained contained and to some extent decoupled from developments in the united states.

🔹It was also noted that these increases had taken place from very low levels
🔹ECB says it was underlined that the flexibility embodied in the PEPP was symmetric

🔹Special attention needed to be paid to sovereign yields and risk-free interest rates
Read 11 tweets
8 Apr
🇪🇺 ECB's Rehn says it is time to rethink out monetary policy strategy
🔹 Inflation threatens to remain too slow in the Euro Area
🔹Sees positive spillover from US stimulus
Read 4 tweets
8 Apr
🇬🇧 UK Stocks Watch 🇬🇧

🔹ASOS $ASOS reported a 275% increase in first-half profit, driven by the popularity of e-commerce during the COVID-19 pandemic.
🔹Lookers Plc $LOOK expects 2021 underlying profit before tax to be materially ahead of analyst consensus, driven by better-than-expected first-quarter performance where it utilised digital channels to expand sales.
🔹Dunelm Group $DNLM forecast annual profit ahead of analysts' expectations, as it gears up to reopen its stores next week following an easing in coronavirus-led restrictions in England.
Read 4 tweets

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