Federal Reserve Bank of Chicago President Austan Goolsbee spoke at the Chartered Financial Analyst Society of Indianapolis Annual Lunch on Thursday. He said that inflation seems to have stalled and that, for inflation, we've set a 2% target; 3% inflation is too high.
Federal Reserve (Fed) governor Lisa Cook said in remarks prepared for delivery at an event hosted by Georgetown University's business school on Thursday. She said that the US financial system is resilient and that she sees an increased likelihood of outsized asset price declines.
Federal Reserve (Fed) Bank of Cleveland President Beth Hammack spoke at the Federal Reserve Bank of Cleveland Financial Stability Conference on Thursday. She said that easing monetary policy now may encourage financial risk-taking.
There were 220,000 Initial Jobless Claims in the week ending November 15, a decrease of 8,000 from the previous week's level, the US Department of Labor (DOL) reported on Thursday.
USD/CNH remains near the middle of its multi-month range as China keeps key loan rates and the 7-day reverse repo unchanged.
Slight increase in upward momentum could lead to US Dollar (USD) testing 7.1220. In the longer run, for the time being, USD is likely to trade between 7.1020 and 7.1285, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
TradingKey - Less than a month before the final Federal Reserve meeting of the year, the probability of 2025 interest rate cuts being curtailed from the six initially expected to just two is solidifyi
On Thursday, markets should hear from the opposing sides of the Bank of England's MPC spectrum as Catherine Mann (hawk) and Swati Dhingra (dove) are both scheduled to speak, ING's FX analyst Francesco Pesole notes.
European Central Bank (ECB) Governing Council (GC) member and Governor of the Central Bank of Ireland, Gabriel Makhlouf, said on Thursday that the current monetary policy is appropriate and any adjustment is unlikely, unless there is a material change.