Heads up: Fedspeak coming up later in the day 0 (0)

Bostic and George are on the agenda for today
Here is the schedule:
1430 GMT – Atlanta Fed president, Raphael Bostic, gives lecture
Bostic will be presenting a on „The Fed’s Role in Making This an Economy That Works for Everyone“, discussing how monetary policy can benefit marginalised communities, and the moral imperative of creating a more inclusive

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Stop-start lockdowns to delay Australia’s economic growth by half a year – CBA chief 0 (0)

CBA chief, Matt Comyn, remarked earlier
From the banks‘ investor call today:
„While Australia faces near-term challenges due to the lockdowns we expect growth will simply be pushed back by six months, with the economy rebounding in late 2021 and growing strongly in 2022.“
Adding that he expects the country to avoid a recession, as there are „a

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Heads up: Fed speakers later in the day 0 (0)

Mester and Evans are on the agenda today
Here is the schedule:
1400 GMT – Cleveland Fed president, Loretta Mester, speaks
Mester will be delivering opening remarks (estimated for ~5 minutes) at an hosted by her central bank on „Inflation Risk in the Short and Medium Term: US vs. Europe“. There might be some remarks on inflation

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Powell reportedly faces growing resistance for second term as Fed chair 0 (0)

It will boil down to either Powell or Brainard for top dog at the Fed
The latest story by the WSJ says that while Biden’s economic team is generally supportive of Powell sticking around for a second term as Fed chair, some Democrats are pushing for a central banker more in sync with the party’s priorities.

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