Date | 8:51pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | ||
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8:51pm | Actual | |||||||||
Mon May 20 | ||||||||||
Mon May 20 | 12:30am | JPY | Tertiary Industry Activity m/m | -2.4% | 0.1% | 2.2% | ||||
All Day | CHF | Bank Holiday | ||||||||
All Day | EUR | French Bank Holiday | ||||||||
All Day | EUR | German Bank Holiday | ||||||||
5:00am | GBP | MPC Member Broadbent Speaks | ||||||||
7:30am | USD | FOMC Member Bostic Speaks | ||||||||
All Day | CAD | Bank Holiday | ||||||||
8:45am | USD | FOMC Member Bostic Speaks | ||||||||
9:00am | USD | FOMC Member Waller Speaks | ||||||||
USD | FOMC Member Barr Speaks | |||||||||
10:30am | USD | FOMC Member Jefferson Speaks | ||||||||
2:00pm | USD | FOMC Member Mester Speaks | ||||||||
8:30pm | AUD | Westpac Consumer Sentiment | -0.3% | -2.4% | ||||||
9:30pm | AUD | Monetary Policy Meeting Minutes | ||||||||
11:00pm | NZD | Credit Card Spending y/y | 1.4% |
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post: Fed Vice Chair Barr: Q1 Inflation “Disappointing,” Did Not Provide the Confidence Needed to Ease MonPol Barr: Fed Will Need to Allow Tight Policy “Further Time to Continue to Do Its Work” Barr: Fed in a Good Position to “Hold Steady” and Watch Economy post: FED'S BARR: REGULATORS ARE CONSIDERING REQUIRING LARGER BANKS TO HOLD MINIMUM LEVELS OF RESERVES AND PRE-POSITIONED COLLATERAL AT DISCOUNT WINDOW.Barr: On Building a Resilient Regulatory Framework Thank you for inviting me to speak today. As many of you know, I have two roles at the Federal Reserve—my role as a governor of the Board and member of the Federal Open Market Committee (FOMC), where I participate in developing and setting monetary policy, and my role as the Vice Chair for Supervision, where I oversee our supervision and regulation of the banking sector. In keeping with the interdisciplinary spirit of this conference, I'll touch upon these different roles, and how they both promote a healthy economy. To start, I will share a couple of observations about the current stance of monetary policy. Then, I'll discuss the conceptual framework that underpins the key components of prudential bank regulations.1 As part of this discussion, I will also offer some observations about adjustments to our regulatory framework that we are exploring, including as a result of lessons learned from the bank stress in the spring of 2023.
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Thank you, Beth Anne, and thank you for the opportunity to speak to you today.1 I would like to welcome everyone to this Third Conference on the International Roles of the U.S. Dollar, which is jointly organized by the Federal Reserve Bank of New York and the Federal Reserve Board. When people talk about the "dollar," they are referring to a number of roles it plays on the world stage—including a physical currency used worldwide, financial assets denominated or redeemable in U.S. dollars, or a settlement unit used in transactions. In all of these, the role of the U.S. dollar in global finance and its economic and financial stability implications are of elementary importance to Federal Reserve. Participants in the first and second installments of this conference discussed the different roles the dollar plays in the global economy and how the primacy of the dollar benefits not only the United States but also the rest of the world. U.S. households, for instance, benefit from lower transaction and borrowing costs, while U.S. businesses and the U.S. government benefit from deep financial markets, including a large pool of creditors and investors. Households and businesses in foreign economies also benefit from access to this broad pool of lenders and investors, which reduces their financing costs and fosters global economic growth. post: FED'S WALLER DOES NOT COMMENT ON MONETARY POLICY OR THE ECONOMIC OUTLOOK IN REMARKS PREPARED FOR DELIVERY AT FED CONFERENCE ON THE ROLE OF THE DOLLAR.
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The US Federal Reserve should keep interest rates at their current elevated levels for longer than previously expected due to disappointing recent inflation data, a senior bank ...
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The Federal Reserve System is the central bank of the United States. It performs five general functions to promote the effective operation of the U.S. economy and, more generally, ...
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Thank you, Mark, for the kind introduction, and good morning to all of you.1 I am happy to be here. Today, I will do three things. First, I'll share with you my current outlook for the US economy. Second, I'll discuss my thinking on the current stance of monetary policy. Third, I'll review the dynamics of housing prices which can feed into the persistence of inflation. My focus on housing price dynamic stems from the role housing plays in the American economy. For most families, a home is their largest-ever purchase and their most valuable asset. Capital markets professionals in real estate finance, like you, are crucial to the smooth operation of the housing sector. Families making housing decisions rely on a healthy and productive housing finance sector. The housing sector is also one of the most interest rate–sensitive sectors of the economy. As such, it's an important channel of monetary policy transmission. Understanding the various channels of monetary transmission is crucial to fulfillment of the dual mandate given to the Federal Reserve by the Congress: maximum employment and stable prices. This mandate guides my thinking about monetary policymaking. With that, I'll turn to my outlook for the US economy. Aggregate Economic Activity The U.S. economy continues to grow at a solid pace. Adjusted for inflation, GDP was reported to have increased at a 1.6 percent annual rate in the first quarter of 2024. That was a moderation from a 3.4 percent expansion in the fourth quarter of last year. However, private domestic final purchases—which excludes inventory investment, government spending, and net exports and usually sends a clearer signal on underlying demand—grew 3.1 percent in the first quarter. That was about as strong as the second half of 2023. post: Fed's Jefferson: Policy Rate is in Restrictive Territory Jefferson: April’s Better Inflation Reading is Encouraging Jefferson: Long-Term Inflation Expectations Show Americans Believe Fed Will Make Good on 2% Inflation Goal