I thought the Fed were not even thinking about thinking about raising rates?
- Says he did not want to make a commitment to what the Fed will do on rates after the pandemic
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Fed's Kaplan says the Federal Reserve could need to keep rates at zero for another couple of years
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
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- Japan data - May industrial production +0.5% m/m (expected +1.1%)
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A former senior BOJ official says the central bank's next rate hike is likely before December, citing a potential inflation measure averaging near 3%, well above the 2% target, per Bloomberg.
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PBOC is expected to set the USD/CNY reference rate at 6.7877 – Reuters estimate
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