Fed’s Rosengren: Scope for Fed to move rates slowly due to low inflation

More comments hit the wires from the Boston Fed President Rosengren earlier today, as he responded to the Q & A session, following his scheduled speech in New York.

Key Headlines via Bloomberg:

Scope for Fed to move rates slowly due to low inflation

Low inflation gives the Fed scope to move rates slowly

Unemployment under 4% is certainly a possibility

Very tight labor markets lead to more price pressures

Would be concerned by very inflated asset prices

PBOC fixes USDCNY reference rate at 6.6285

On Thursday, the Chinese central bank, PBOC, set the USD/CNY central rate at 6.6285 versus previous fix of 6.6192 and Wednesday’s close of 6.6425. PB
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UK PM May to speak at the BOE conference on Thursday

Reuters reports that the UK PM Theresa May is expected to speak on free markets and fiscal prudence at the Bank of England conference scheduled later
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