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Federal Reserve speakers coming up on Friday 9 September 2022 – Evans, Waller, George

  
  Analysis

A 75bp rate hike is becoming the expectation of more and more analysts for the September Federal Open Market Committee (FOMC) meeting (20th and 21st). Listening for further hints and clues from this lot later today:

10:00 NY time (1400 GMT)

  • Federal Reserve Bank of Chicago President Charles Evans gives welcome remarks before the “Exploring Career Pathways in Economics and Related Fields Conference”

12:00 NY time (1600 GMT)

  • Federal Reserve Board Governor Christopher Waller speaks on the economic outlook before the Vienna Macroeconomics Workshop 2022

Also at 12:00 NY time is

  • Federal Reserve Bank of Kansas City President Esther George speakings on the economic outlook before virtual Peterson Institute event
Fed George Esther KC Fed

USD/JPY: “147.66 … is the natural target” (Deutsche Bank)

  
Analysis, Forex

Reuters posted this Thursday on the yen slump.

  • But this week’s almost 3% drop, without any particular trigger, was enough for some funds to call time on the first leg of their wager that Japan would have to quit its policy of capping bond yields as its global peers push rates higher.
  • “We think we are getting close to an inflection point of policy,” said BlueBay Asset Management chief investment officer Mark Dowding, especially as inflation starts to pick up.
  • “We’re not shorting the yen anymore and we’re not long,” said Akshay Kamboj, co-chief investment officer at hedge fund Crawford Ventures.
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