China says that will keep prudent monetary policy appropriate and flexible 0 (0)

Comments by China’s Cabinet via state media
– Says will not resort to flood-like stimulus
– Will guide more credit to the real economy
This just reaffirms their current policy stance and that hasn’t changed as they continue to deal with the fallout from the virus outbreak. There are some concerns surrounding domestic credit conditions in China but

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Fed’s Barkin: Labour market recovery has been slower than anticipated 0 (0)

Richmond Fed president, Thomas Barkin, remarks in a WSJ interview
– Fed will need to continue to provide significant, sustained support
– Economy faces a slowing labour market recovery
The remarks on the slower recovery aren’t anything new but certainly sets up a renewed focus on labour market data, particularly after Powell’s speech from last week.

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