Federal Reserve will be the central bank of attention - UOB
|Analysts at UOB Group explained that the Federal Reserve will be the central bank of attention.
Key Quotes:
"It will be the only major central bank with monetary policy decision this week on 25/26 July but there is little expectations of any rate hike taking place in July and it is also without a scheduled press conference from FOMC Chair Yellen or any updated economic forecasts.
Post-FOMC decision, Minneapolis Fed President Neel Kashkari (voter in 2017 FOMC) is the only Fed Reserve official speaking in public in a town hall on Friday.
President Donald Trump nominated Randal Quarles to the Federal Reserve board, filling in the role of regulator of the US banking system, a role vacated by former Fed Governor Daniel Tarullo, and Quarles will have his nomination testimony before the Senate Banking Committee on Thursday.
The minutes of the 15-16 June BoJ meeting are released on Tuesday but have been superseded by the July meeting."
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