China financial media report that small banks have cut deposit rates

• Said to be in response to pressure on margins

WSJ Fed insider Timiraos - "Minutes Show Unease Over Premature Cuts"

UBS expects a June 25bp FOMC rate cut (from May previously), 75bp total in 2024 (from 100)

• Says the Federal Open Market Committee (FOMC) is in no rush to begin lowering interest rates

Ratings agency S&P says FOMC will cut by 25bp in June, with 2 more to follow by year end

• Federal Open Market Committee (FOMC) forecast from analysts at S&P rating agency

FOMC Minutes: Most policymakers noted risk of easing too quickly

• The minutes of the January 30-31, 2024 FOMC meeting

FOMC minutes coming up next. What to watch for

• The Fed minutes are due at the top of the hour

Fed's Bowman: The time for lower rates is certainly not now

• Comments from the Fed's Bowman

Comments from the Fed's Bowman coming up next

• Bowman speaks at a luncheon

Will the neutral rate of interest rates go up? Minneapolis Fed research thinks not...

ECBs Wunsch: May be too early to get hopes up on rate cuts

• ECBs Wunsch speaking:

BOE's Dhingra: UK consumption remains below pre-pandemic in contrast to US and eurozone

• Comments from Dhingra

Fed's Barkin: The big picture of US data on inflation and jobs has been remarkable

• Barkin on Sirius XM radio

Toyota says wage negotiations with its labour union will continue.

• Learn differences between cost-push and demand-pull inflation factors impacting prices.

Bank of England Monetary Policy Committee member Dhingra speaking Wednesday

Fed speakers on Wednesday include Bostic and Bowman - its not all about the FOMC minutes!

• B1 and B2 will speak before the release of the minutes

Bank of Japan could keep policy ultra-easy well beyond April

• An April policy tweak expected

PBOC sets USD/ CNY mid-point today at 7.1030 (vs. estimate at 7.1877)

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

PBOC is expected to set the USD/CNY reference rate at 7.1877 – Reuters estimate

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

China's hefty rate cut is expected to provide an only marginal net stimulus to the economy

• On Tuesday the People's Bank of China cut its 5-year Loan Prime Rate (LPR) by the largest amount on record.

Canada's Trudeau says he's optimistic the Bank of Canada will cut rates this year

• Trudeau needs some goods news

Economists increasingly see June Fed rate cut

• 51% of economists poll by Reuters see a first cut in June

I sense a dovish shift in the force

• US dollar at the lows of the day, short-dated Treasuries bid

BOE's Bailey: I cannot say when or how much rates will be cut

• Further comments by BOE governor, Andrew Bailey

BOE's Broadbent: I don't agree that all the evidence points in the direction of rate cuts

• Remarks by BOE deputy governor, Ben Broadbent

BOE's Bailey: We are having to walk a narrow path on monetary policy

• Further remarks by Bailey