Central bank chiefs unite! Fed independence under fire, risking global economic stability. Powell faces probe amid rate hike pressure.
JPMorgan CEO Dimon: The US economy has remained resilient and consumers continue to spend
S&P 500 futures -0.1%, Nasdaq futures -0.2%, Dow futures -0.1%
European indices mostly a little higher to start the day. A more pensive risk mood overall awaiting the US CPI report. Eurostoxx +0.1%, DAX +0.1%, CAC 40 -0.2%, UK FTSE flat, IBEX +0.3%, FTSE MIB flat
ECB's Kocher: The ECB is not committed to any particular rate path
Adds that "an adjustment towards yen appreciation is necessary". That throws the ball to Tokyo's court. Oof.
The chief of Japan's most influential business lobby Keidanren has come out to say that the yen currency depreciation "has gone a bit too far".
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