1. Fed-Bostic reiterated: I don’t think it is necessary to raise interest rates to see inflation return to 2%. Mester: Could have hiked in June, but understands the pause, rate forecast is at or above the median of the June dot plot. Barr, vice chairman of financial supervision: interest rates are close to restrictive levels, but inflation is still too high. A decision has been made to strengthen financial buffers for large banks. Daly: Need to raise interest rates a few more times; there are three potential reasons why the economy is not slowing down: lagged policy impact, weak policy transmission mechanism, and high underlying momentum in the economy; Williams: The economy shows no signs of recession at all; supply and demand are trending towards On balance, the unemployment rate could rise to about 4% by the end of the year.
2. According to the New York Fed survey, US consumers’ inflation expectations for the coming year fell to 3.8%.
3. According to a Reuters survey: the Bank of Korea will keep the benchmark interest rate at 3.50% in 2023 and reduce the interest rate to 3.25% in the first quarter of 2024 (the forecast in May was to cut interest rates by 25 basis points in the fourth quarter of 2023).
4. Market news: U.S. Undersecretary of the Treasury Adeyemo will hold a European Banking Roundtable in Germany on Tuesday.
5. The European Central Bank will issue a new version of the euro and launched a survey of the appearance of the new version of the euro banknotes.
6. USD/JPY fell below 141 for the first time since June 16. EUR/USD rose to its highest level since May 8. GBP/USD rose to 1.2908 after the UK jobs data, the highest level since April 2022.