U.S Treasury Secretary Mnuchin comments from investment summit:
Working to remove trade barriers between US and China –
‘Right Thing’ for Fed to Reduce Balance Sheet
Fed’s Crisis-Era Balance-Sheet Expansion ‘Has to Be Reversed’
Treasury Has Enough Cash to Meet Obligations ‘Through September’
Confident Congress Will Raise Debt Ceiling Before Critical Point
Future Debt Ceiling Increases Should Be Tied to Spending Authorization
Strong Dollar is Vote of Confidence in Economy, Trump Administration
No Decision Yet on Next Fed Chairman, Including Whether Yellen Will be replaced
Not Concerned About Lower U.S. Tax Receipts
Fed’s Rosengren (moderate, non-voter) comments from Amsterdam:
Low rate environment likely to persist into the future; likely to make fighting recessions tougher
Makes No Comment on Economic Outlook
Federal Reserve Bank of Chicago President Charles Evans suggested in a Monday evening speech at New York University that there might just be two rate hikes this year — no additional — and expressed some concern about inflation running below the Fed’s target.
Bank of England (BoE) Governor Carney’s speech at Mansion House London:
Not Yet Time to Raise Interest Rates
Sees Weak Wage Growth Delaying Rate Rises
Also Wants to See Economy’s Response to Brexit Talks
Cites ‘Anemic’ Wage Growth as One Reason to Wait
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments.
He has a deep understanding of market fundamentals and the impact of global events on capital markets.
He is respected among professional traders for his skilled analysis and career history as global head
of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean
has played an instrumental role in driving awareness of the forex market as an emerging asset class
for retail investors, as well as providing expert counsel to a number of internal teams on how to best
serve clients and industry stakeholders.