Feds beige book: Contacts expect inflation would hold steady at a slow pace

• Feds Beige book for April 2024

BOEs Bailey: I expect next month's inflation number will show quite a strong drop

• BOEs Bailey speaking

ECBs Schnabel:Investors expect policymakers to continue to pay attention to act. inflation

ECBs Nagel: Price pressure in the euro zone could continue for some time

• ECBs Nagel is speaking

ECBs Cipollone: Sees some signs of an economic recovery citing PMI data

• ECB Cipollone speaking

BOE's Greeene: We're closer to target than just a few months ago

• Comments from Greene

Federal Reserve's Beige Book due today, plus Mester and Bowman

European Central Bank speakers today include Schnabel (twice), Cipollone and de Cos

RBNZ's own inflation measure for Q1 2024 is +4.3% y/y (vs. prior +4.7%)

• The sectoral factor model is the Reserve Bank of New Zealand's own preferred inflation measure

Deutsche Bank hiked their forecast for gold as high as $2,600

Bank of England Governor Bailey, along with MPC members Greene and Haskel speak today

PBOC sets USD/ CNY central rate at 7.1025 (vs. estimate at 7.2404)

• PBOC CNY reference rate setting for the trading session ahead.

PBOC is expected to set the USD/CNY reference rate at 7.2404 – Reuters estimate

• The rate the Bank sets will be around 1400 pips or so lower

Bank of Korea Gov Rhee says ready to deploy measures to counter excessive FX moves

• South Korean concern about the sliding KRW

South Korea & Japan have both expressed serious concerns on their depreciating currencies

New Zealand CPI response: ASB forecast first RBNZ rate cut in February 2025, from Nov 2024

• Reserve Bank of New Zealand forecast rate cut

ICYMI - Deutsche Bank forecast 3 European Central Bank rate cuts in 2024

• ECB interest rate projection from Deutsche Bank

Have expectations for the FOMC swung too far away from rate cuts this year?

• The junction of economics and politics.

Analyst: US federal spending the biggest threat to disinflation & lower Fed interest rates

• D'uh

BOC's Macklem: Supply has played a much bigger role than we're used to

• Comments from the BOC Governor

Fed's Powell: Recent data shows a lack of progress on inflation this year

• Comments from the Fed Chairman

Fed's Williams: It's unclear what the rise of AI does for productivity

• Well I would hope it's positive

BOE's Bailey: Inflation dynamics between the US and Europe are different

• Comments from Bailey

Atlanta Fed GDPNow Q1 growth estimate 2.9% versus 2.8% yesterday

• The US Advanced GDP for Q1 will be released on April 25

ECB Pres. Lagarde: We will cut rates soon, barring any major surprises

• ECB Pres. Lagarde speaking on CNBC