![]() The dollar weakened early Tuesday on hopes that the Fed is near the end of its rate-increase cycle. "In order to ensure that inflation is on a sustainable and timely path back to 2%, my view is that the funds rate will need to move up somewhat further from its current level and then hold there for a while as we accumulate more inflation on how the economy is evolving," Mester said in a speech at the University of California San Diego. central bank needs to raise interest rates further to bring inflation down toward the Fed's 2% target. One of her colleagues, Cleveland Fed President Loretta Mester, said the U.S. San Francisco Fed President Mary Daly said a "couple" of additional rate hikes are likely needed this year and that the labor market in the U.S. Still, policy makers remained vigilant on Monday about their inflation fight. He said he expects Federal Reserve officials to deliver just one more quarter-of-a-percentage point rate hike later this month, "and then just go home for the balance of the year." "Inflation is coming down quite a bit and I don't expect this inflation number on Wednesday will be any different," said Tom di Galoma, managing director and co-head of global rates trading at BTIG. earnings season later in the week.īefore those events, "you'll probably see some shifting around, mostly on positioning, not necessarily fundamentals," said Matt Peron, director of research at Janus Henderson Investors. inflation report Wednesday and the start of U.S. In Asia, stock benchmarks tracked Wall Street higher the dollar fell Treasurys were little changed while oil and gold futures advanced.Įuropean stock futures largely edged higher early Tuesday ahead of a key U.S. Its area of operations directly faces the island across the Taiwan Strait.Īddressing commanders at the Jiangsu province headquarters, Xi “stressed efforts to … break new ground for theater command development and war preparedness,” state media reported.Germany CPI, ZEW indicator of economic sentiment Italy industrial production UK unemployment no major corporate updates expectedĮuropean shares could tread water ahead of the U.S. ![]() Shortly before Yellen’s arrival, Chinese President Xi Jinping visited the headquarters of the People’s Liberation Army’s Eastern Theater on Thursday. support for the self-governing island republic that split from mainland China amid civil war in 1949 remains a major irritant in relations with Beijing. It said four Chinese aircraft - two SU-30 fighters, one BZK-005 reconnaissance plane and one Y-8 anti-submarine warfare plane - crossed the median line in the Taiwan Strait that serves as a de-facto border between the sides, and had entered Taiwan’s southwestern air defense identification zone.Ĭhina claims Taiwan as its own territory to be annexed by force if necessary and sends air and naval missions on virtually a daily basis in an attempt to wear down the island’s defense capabilities and intimidate its 23 million people, who thus far seem largely unfazed by such moves. ![]() Taiwan’s Defense Ministry said it is monitoring the situation from the air and sea, and land-based missile systems were prepared to respond. BEIJING (AP) - China’s People’s Liberation Army sent 13 aircraft and 6 vessels into airspace and waters around Taiwan over the past 24 hours as of early Saturday, overlapping with United States Treasury Secretary Janet Yellen’s visit to Beijing aimed at mending strained relations.
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