Fed speakers due today include Barkin, Kashkari, Bostic, Mester. Fed Beige book also.

It’s a huge day coming up from the Americas.

Fed speakers and the Beige Book:

1230 GMT/0GMT US Eastern time – Federal Reserve Bank of Richmond President Thomas Barkin speaks on inflation before the Anne Arundel County Chamber of Commerce

1345 GMT/0945 US Eastern time – Federal Reserve Bank of Minneapolis President Neel Kashkari participates in “Banking Solvency and Monetary Policy” panel before the National Bureau of Economic Research Summer Institute: Macro, Money and Financial Frictions.”

1700 GMT/1GMT US Eastern time – Federal Reserve Bank of Atlanta President Raphael Bostic speaks on “Financial and Payments Inclusion” before the Federal Reserve Bank of Atlanta 2023 Payments Inclusion Forum: “Breaking Barriers”

1800 GMT/1400 US Eastern time – Federal Reserve issues the Beige Book

2000 GMT/1600 US Eastern time – Federal Reserve Bank of Cleveland President Loretta Mester speaks on “FedNow” before a session on Instant Payment Systems before the National Bureau of Economic Research Summer Institute: Macro, Money and Financial Frictions,” in Cambridge

Plus …

CPI at 0830 US Eastern time:

• Eagerly awaited US inflation data is due today, Wednesday, 12 July 2023 – preview

• US CPI Preview: Shelter and services CPI will be key
• US inflation data due, Wednesday, 12 July 2023 – preview – headline “sharp drop” expected

And, from Canada at 1400 GMT/1000 Eastern time:

• Bank of Canada expected to raise interest rates again today – Goldman Sachs preview

• JP Morgan are forecasting a +25bp Bank of Canada rate hike on Wednesday 12 July 2023

Followed at 1500 GMT/1100 Eastern time:

• Bank of Canada Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers hold a press conference

This article was written by Eamonn Sheridan at www.forexlive.com. Source