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Fed still accommodative with hikes – Fed’s D.Tarullo

Daniel Tarullo, member of the Board of Governors of the Federal Reserve, has argued that the Fed’s stance would still remain accommodative with rate hikes.

Tarullo also said that US wage growth over the last years has been lower than estimated, while he noted ‘Brexit’ as a factor for a rate decision.

Brazil Industrial Output (YoY) rose from previous -11.4% to -7.2% in April

Brazil Industrial Output (YoY) rose from previous -11.4% to -7.2% in April
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China: PBOC fixed yuan firmer by most in three weeks - BBH

Research Team at BBH, notes that the PBOC fixed yuan firmer (0.36%) by the most in three weeks.  Key Quotes “The weaker dollar offered the yuan a re
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