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<p>The U.S. chief economist at Societe Generale is not expecting Federal Reserve Chair Powell to push back too hard against expectations of 100bp or so of rate cuts in 2024 from the FOMC. </p><ul><li>"I just don't see the Fed pushing back super-hard. It will be a mild pushback" </li></ul><p>H

<p>A note from Friday from Bank of America strategy desk, on the Fed.</p><p>Says the market has gotten ahead of itself expecting five rate cuts next year from the Federal Open Market Committee (FOMC) and even more (6) from the European Central Bank. BoA says expectations need to be tempered due to:</p><ul><li>Cor

<p>I suspect this will not be a market moving event. But, when speaking about Greece its best to be on alert. </p><p> Participation by ECB board member Elizabeth McCaul in panel "Greek Banking Sector – Growth &amp; Development Outlook" </p><ul><li>the venue is the 25th Annual Capital Link "Inve

<p>On Friday Justin posted on the misinterpretation of Bank of Japan Governor Ueda remarks that led to to the collapse in USD/JPY on Thursday:</p><ul><li><a href="https://www.forexlive.com/news/no-intention-from-ueda-to-hint-at-timing-of-policy-change-report-20231208/" target="_blank" rel="follow&

<p>Bank of America analyst forecasts for the December Federal Open Market Committee (FOMC) meeting are in line with consensus:</p><ul><li>Fed to stay on hold and maintain the target range for the federal funds rate at 5.25-5.50%. </li><li>to keep its balance sheet runoff policy in place. </li></ul><

<p>The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.</p><ul><li>USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.</li><li>CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.</li>

<p>People's Bank of China USD/CNY reference rate is due around 0115 GMT.</p><p>The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan

<p>Via a note from Goldman Sachs over the weekend on their expectations for the Bank of England next year:</p><ul><li>Bank of England first 25 bp rate cut in August</li><li>to be followed by similar decreases made at each policy meeting until the Bank rate reaches 3% in mid-2025,</li></ul><p>Pri

<p>Reserve Bank of Australia Governor Bullock is speaking on Tuesday, 12 December 2023 at 9.20 am Sydney time:</p><ul><li>2220 GMT, and 1720 US Eastern time (on Monday, 11 December 2023)</li><li>at the Australian Payments Network 2023 Summit</li></ul><p>Assistant Governor (Financial System), Bra

<ul><li><a href="https://www.forexlive.com/centralbank/chinas-deflationary-cpi-data-sends-yuan-to-3-week-low-20231211/">China's deflationary CPI data sends yuan to 3-week low</a></li><li><a href="https://www.forexlive.com/centralbank/fomc-preview-and-look-ahead-no-rate-cut-in-march-2024-202