Federal Reserve Bank of San Francisco President Mary Daly is scheduled to speak. Daly spoke earlier this week, notbaly shifting her stance to becoming more open to a rate cut. If there is a mouthpiece for Federal Reserve Chair Powell Daly is it, so her shift is notable:
There are a couple of ‘red’ high priority items noted in the data agenda screenshot. The Australian trade balance may hav e had that stature in the past, but not now. The RBNZ inflation expectations data will be more intersting, but a rate cut from them on August 20 is very likely, as I posted time and again in response to the data yesterday:
- This snapshot from the economic data calendar
- The times in the left-most column are GMT.
- The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.
This article was written by Eamonn Sheridan at investinglive.com.