Economic and event calendar in Asia 16 July 2026 - Fed speaker
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It's a sparse calendar today, Musalem the highlight. He has taken a hawkish stance heading into mid-2026. In late May, he warned a rate hike may be necessary if inflation does not ease in the next six months, adding that "if we don't see disinflation in the next one to two quarte
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The desk believes that the Federal Reserve's stance on interest rates is poised for a shift, particularly in light of recent inflation data. Per the full note [source], Fed President John Williams' previous wait-and-see approach may soon be challenged as inflation pressures mount. With inflation having jumped significantly since his last comments, the market anticipates a more definitive stance from the Fed. Current consensus among analysts suggests a target of 1.075 for USD/JPY, with expectations for volatility as we approach key economic indicators.