US Fed heads Evans and Rosengreen speaking in Beijing

Both doves so the comments can be expected to be on that side but Rosengreen can be flaky.

Evans:

  • low growth low rate world is a difficult situation
  • spike in long run rates unlikely even if Fed finds it needs to raise rates faster than expected

Rosengreen:

  • Fed's inflation outlook employment mandates likely to be achieved relatively soon
  • timing of rate hikes should deepen in part on financial stability concerns
  • somewhat faster rate hikes could reduce severity of next economic downturn
  • risks to low rates for extended period
  • back slow gradual approach to rate hikes that support growth
  • labour market may well be at full employment

Both seemed resigned to rate hikes sooner rather than later.

Adam highlighted the swing-both-ways tendency of Rosengreen in an excellent preview here.

USD coming in for a small sell though with USDJPY 103.23 GBPUSD 1.3104 but euro still lagging.