Bank of England Governor Bailey is speaking Tuesday, 10 January 2023

PBOC is expected to set the USD/CNY reference rate at 6.7613 – Reuters estimate

UK Times on BoE's Pill speech - 4 reasons inflation will persist

BOE chief economist Huw Pill speech - full (hawkish) text

Japan data - December Tokyo area CPI, core core is +2.7% y/y

Goldman Sachs says US inflation is slowing ... "sharply"

Due bottom of the hour - Japan inflation indicator. Be like the BOJ and watch core-core!

Goldman Sachs forecasts USD/JPY to 126 (12 month horizon), from 130 previously

Markets aren't sure what to expect from Powell on Tuesday

• Will he speak about the economy at all?

Fed's Bostic sees a likelihood services inflation will prove stickier than Fed would want

• Comments from Atlanta Fed Pres. Bostic

Fed Daly: Expects the economy to continue to slow. That is what the Fed is trying to do.

• Feds Daly in Q&A with WSJ

Fed's Daly and Bostic are both expected to speak shortly.

• Daly has not spoken since before the last FOMC rate decision

BOE's Pill: Distinctive domestic factors could make UK inflation more persistent

• Comments from BOE chief economist Hew Pill

ECB notes that wage growth expected to be 'very strong' in the coming quarters

• A snippet from the ECB economic bulletin pre-release

Federal Reserve and Bank of England speakers on Monday, 9 January 2023 - Bostic, Pill

Federal Reserve study shows consumption reacts to bad economic news, but not to good news

PBOC sets USD/ CNY reference rate for today at 6.8265 (vs. estimate at 6.8276)

PBOC is expected to set the USD/CNY reference rate at 6.8276 – Reuters estimate

Weekend - BoE's Mann says price caps on energy could be boosting other inflation

ICYMI - Retiring Chicago Fed President Evans sees path for slower pace of rate rises

Citi CEO says Federal Reserve to hike to just under 5.5% by May, recession likely in H2 23

PBOC official says economic growth will return to normal, yuan to rise mid to long term

Weekend - Japan PM Kishida once again says will have 'discussions' with new BOJ governor

• A new head of the Bank of Japan will be appointed in April.

China bought another 30 tonnes of gold in December 2022, following 32 tonnes in November

Newsquawk Week Ahead: Highlights include US & China CPI, and US earnings season

• Highlights for the week ahead include US and China inflation data, UK GDP and the start of US earnings Season