PRIMER - Today’s Fedspeak includes: Barkin, Bowman, Daly, Schmid
Russia Deputy PM Novak says Russia and Vietnam are holding talks on Russia's participation in the creation of a strategic oil reserve in Vietnam, via Tass
Biogen Inc. (BIIB) announced today that the US FDA has granted salanersen breakthrough therapy designation for the treatment of spinal muscular atrophy SMA
PRIMER - Today’s Fedspeak includes: Barkin, Bowman, Daly, Schmid
Microchip Technology (MCHP) receives U.S. export license to expand advanced FPGA development in Armenia
US President Trump says US is "in the middle of my final negotiations to end the War"; calls the republicans who voted to limit warpowers "GRANDSTANDERS!"
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.
- 13:30BST/08:30EDT: Fed’s Barkin (2027 voter) will take part in a fireside chat. Speaking in May, Barkin said the Fed is well positioned to respond to ongoing economic shocks, with the path of policy depending on consumer resilience, business behaviour and whether inflation expectations remain anchored. He reiterated that supply shocks risk loosening the inflation anchor after more than five years above the target. Barkin said he was nervous about both inflation and the labour market.
- 15:00ST/10:00EDT: Fed’s Bowman (voter) testifies before House financial services committee. Her testimony will say that the US banking system remains sound with strong capital ratios and liquidity buffers, though non-bank financial institutions are capturing a growing share of the lending market without facing comparable regulatory standards. She will highlight recent reforms, which include a finalised community bank leverage ratio framework, proposed capital framework modernisation published in March, updated capital treatment for tokenised securities and revised model risk management guidance. The Fed is also developing stablecoin regulations under the GENIUS Act and strengthening liquidity regulations to support banking system stability, Bowman will note.
- 16:40BST/11:40EDT: Fed’s Daly (2027 voter) will give an interview on Bloomberg TV; she will also participate in a Bloomberg event at 18:10BST/13:10EDT. Last week, Daly described herself as cautiously optimistic about the economy and said Fed policy is in a good place, reiterating the importance of restoring price stability without harming economic activity. Daly said the main barriers to sustained productivity growth from AI are largely regulatory rather than technological, and that she sees green shoots of AI-driven productivity gains with no evidence of mass unemployment or displacement.
- 18:00BST/13:00EDT: Fed’s Schmid (2028 voter) will participate in a fireside chat. Speaking last week, Schmid said his primary concern is inflation, which is “too hot,” warning against viewing the oil shock as transitory and placing little weight on the idea that the recent inflation jump will prove temporary. Schmid said monetary policy is not very restrictive, and officials may need to consider how to make it more so, including through the balance sheet, while retaining optionality to move rates in either direction. On AI, he noted some evidence it is depressing hiring but not driving firings, while the labour market remains broadly in balance, buoyed partly by healthcare hiring.
- Note: ahead of its 16-17th June policy meeting, the Fed will go into blackout at the end of this week.
Related headlines
- US EQUITY OPEN: US indices open in the red amid downbeat risk tone after Labor Day holiday14 hours ago
- US Market Wrap: Stocks fall and crude gains amid escalating geopolitics 8 hours ago
- [MARKET ANALYSIS] T-note futures are little changed after yesterday's indecisive mood and with key inflation data due later this week1 hour ago
- Newsquawk European Market Wrap - 8th September 202614 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 escalates1 hour 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 packaging4 hours ago
- NY Fed SCE (Aug): Inflation expectations: One-year 3.6% (prev. 3.6%), 3-year 3.2% (prev. 3.3%), 5-year 3% (prev. 3%). 13 hours ago
- [MARKET ANALYSIS] Oil prices are underpinned after US and Iran conducted a fresh round of retaliatory strikes2 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 20303 hours ago
- CRUDE WRAP: WTI (V6) SETTLES USD 1.55 HIGHER AT USD 93.03/BBL9 hours ago
- PBoC sets USD/CNY mid-point at 6.7709 vs Exp. 6.7042 (prev. 6.7804)3 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 weeks5 hours ago
- US Secretary of State Rubio says that President Trump has a desire to reach an agreement with Colombia on tariffs6 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 companies8 hours ago
- US Secretary of State Rubio hoping to wrap up solid trade deals with Colombia, Ecuador, and Peru during visits13 hours ago
- US President Trump reiterates that Iran will never have a nuclear weapon; says blockade against Iran has been effective13 hours ago
- Canada's Trade Minister says Canada is negotiating with Poland to sell nuclear energy tech and LNG13 hours ago
- Russia's Kremlin says US President Trump and Russian President Putin spoke on the phone; conversation was open and constructive and lasted one hour.14 hours ago
- PBoC is expected to set USD/CNY mid-point at 6.7042 (prev. 6.7804)4 hours ago
- Corning (GLW) has entered into a fibre deal with Verizon (VZ) for the building of AI connectivity, CNBC reports15 hours ago
The whole workspace, free to try.
Try it free