PRIMER - Today's Fedspeak: Goolsbee, Schmid, Barr, Bowman
Today's speeches from several Federal Reserve officials will offer insights into the range of perspectives on monetary policy.
Novo Nordisk (NOVOB DC) announced new multi-month subscription program for Wegovy for eligible self-pay patients; subscription program to be available from March 31st through Ro, Weightwatchers, LifeMD ; Hims & Hers (HIMS), Sesame & others to follow soon
Russia's Sibir says equipment malfunction is behind the earlier incident at the plant, according to a prelim assessment
PRIMER - Today's Fedspeak: Goolsbee, Schmid, Barr, Bowman
[MARKET UPDATE]: Since Trump's posts on Truth, have seen Dollar selling, to benefit of G10 peers, Treasuries and Stocks move higher while oil has also retraced from best levels
US President Trump on Truth says France has been VERY UNHELPFUL, and the USA will remember!
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
- 17:00BST/12:00EDT: Fed’s Goolsbee (2027 voter, dovish; text/Q&A tbc) will give opening remarks at the Chicago Fed Economic Mobility Project’s virtual event, on human capital in the time of low real rates. Speaking last week, Goolsbee said he is more concerned about inflation than unemployment, and described the current environment as “fraught but intense” as the Middle East conflict makes the outlook uncertain. He remains fairly optimistic that rates could fall by end-2026, but warned the war complicates plans, and progress toward 2% inflation still needs to be seen before that can happen.
- 18:10BST/13:10EDT: Fed’s Schmid (2028 voter, hawk; text and Q&A are expected) will speak on monetary policy and the economic outlook. Speaking in early March, Schmid said inflation remains too high, and there is no room for complacency. He said the labour market is in balance, and he supported keeping rates at 3.50-3.75%. Elsewhere, he rejected the view that AI is boosting productivity enough to permit faster growth without inflationary pressure.
- 20:00BST/15:00EDT: Fed’s Barr (voter; text and Q&A are expected) will virtually speak on stabelcoins at a Federalist Society event. Speaking last week, Barr said it makes sense to hold interest rates steady as Middle East conflict, amongst other factors, complicates efforts to return inflation to 2%. He said tariff effects on inflation could persist beyond this year, and noted that non-housing services inflation and core inflation remain elevated.
- 22:10BST/17:10EDT: Fed’s Bowman (voter, dove; text and Q&A are expected) will speak to small businesses at CBA Live 2026 banking conference. Speaking last week, Bowman said she had pencilled in three rate cuts before end-2026 to support the labour market, adding that it was too early to judge the war’s longer-term economic impact.
Goolsbee's dovish remarks may signal a cautious approach toward rate cuts amid geopolitical tensions, while Schmid's hawkish stance emphasizes the persistent inflation concerns, influencing market sentiment and potentially shaping expectations for future rate paths. Overall, these discussions are critical for assessing the Fed’s balance between fostering economic growth and controlling inflation amid uncertainty.
Related headlines
- US Market Wrap: Stocks fall and crude gains amid escalating geopolitics 9 hours ago
- [MARKET ANALYSIS] DXY is little changed ahead of inflation data later in the week and despite the US announcing an import ban on some Canadian goods as trade war escalates2 hours ago
- PRE-MARKET AUSTRALIAN, JAPANESE AND SOUTH KOREAN STOCKS NEWS: Samsung Electronics (005930 KS)** - Co. opened an AI chip R&D hub in Yokohama to collaborate with Japanese companies on advanced semiconductor packaging5 hours ago
- US senior Trump administration official says President Trump approved series of proclamations on Canada trade measures, with ban on dairy, most alcohol and motorcycle imports from Canada under Section 338 with restrictions effective in about 3 weeks6 hours ago
- [MARKET ANALYSIS] T-note futures are little changed after yesterday's indecisive mood and with key inflation data due later this week3 hours ago
- [MARKET ANALYSIS] Oil prices are underpinned after US and Iran conducted a fresh round of retaliatory strikes3 hours ago
- CRUDE WRAP: WTI (V6) SETTLES USD 1.55 HIGHER AT USD 93.03/BBL11 hours ago
- US Secretary of State Rubio says that President Trump has a desire to reach an agreement with Colombia on tariffs7 hours ago
- US President Trump says directing the GSA, working with the USTR, to take all necessary steps to remove Canadian-origin products from GSA’s Multiple Award Schedules unless Canada restores full and fair reciprocity for American farmers and companies9 hours ago
- [MARKET ANALYSIS] Asia-Pac stocks trade mixed with the region partially shrugging off the weak US lead following a fresh exchange of US-Iran strikes and escalation in the US-Canada trade war2 hours ago
- PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: TSMC (2330 TT) plans to adopt ASML’s high-NA EUV lithography equipment for high-volume manufacturing from 20304 hours ago
- PBoC sets USD/CNY mid-point at 6.7709 vs Exp. 6.7042 (prev. 6.7804)4 hours ago
- US Treasury Secretary Bessent says markets are not efficient and are run by humans, who make mistakes, adds the treasuries narrative in August was that the sky is falling and the narrative was absurd8 hours ago
- PBoC is expected to set USD/CNY mid-point at 6.7042 (prev. 6.7804)5 hours ago
- US Consumer Credit Change (Jul) 18.06B vs. Exp. 11.7B (Prev. 14.56B)10 hours ago
- Japanese Reuters Tankan Index (Sep) 21 (Prev. 18)6 hours ago
- Doubleline's Gundlach says investors should avoid 30-year bonds globally and that US yields will continue to rise, adds Fed policy rate should be raised by 50bps and notes the US two-year yield is not tracking the Fed Funds Rate8 hours ago
- [MARKET UPDATE] Asia-Pac stocks begin mostly higher with the region shrugging off the weak lead from Wall St, where all major indices declined on return from the long weekend amid rising oil prices and ongoing geopolitical escalation5 hours ago
- IRGC says it attacked two US vessels, eight oil vessels and ten violating ships with the intention of crossing the prohibited and unsafe area of the Strait of Hormuz3 hours ago
- US Central Command says their forces destroyed five Iranian crude oil carriers on Tuesday after the IRGC targeted a US Navy warship with ballistic missiles twice over the past two days7 hours ago
The whole workspace, free to try.
Try it free