Fed's Miran (voter) says some of the concern he has on labour markets is a little less than he had before, adds a range of policies are pushing out the supply of the economy and will increase economic growth in a non-inflationary way
Miran's comments suggest a shift towards a more nuanced view of labor market concerns, indicating a potential easing of overly restrictive policies.
Apple (AAPL) wins long-running court battle against Optus regarding 4G patents in the US, according to Electrek
PBoC is expected to set USD/CNY mid-point at 6.9045 (prev. 6.9457)
Fed's Miran (voter) says some of the concern he has on labour markets is a little less than he had before, adds a range of policies are pushing out the supply of the economy and will increase economic growth in a non-inflationary way
[MARKET UPDATE] Asia-Pac stocks begin mostly lower as the region follows suit to the losses stateside where tech underperformed as AI-disruption concerns re-emerged
Japan's Trade Minister Akazawa engaged with US Commerce Secretary Lutnick on US-bound investment initiatives and confirmed progress on talks to launch the USD 550bln investment
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Says:
- Fed is one of the biggest risks to growth.
- Monetary policy has passively tightened.
- We may be underestimating how restrictive monetary policy actually is.
His acknowledgment of tight monetary conditions could imply that the Fed's current stance is more restrictive than perceived, which may affect future monetary policy considerations. This could have significant implications for growth expectations and thereby influence USD and risk sentiment across markets.
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