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Headlines July 14

7/14/2021

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​BoE's Ramsden: Inflation is already exceeding the target, and it is less evident, at least to me, that some spare capacity remains.
The United States will continue the Trump era suspension of economic dialogue with China - Source.
BoC: The bank's enhanced confidence in the strength of the Canadian economic outlook is reflected in the QE adjustment, which signals ongoing progress toward recovery.

BoC Rate Decision Actual 0.25% (Forecast 0.25%, Previous 0.25%) - USDCAD Strengthened. 

Fed's Powell: The job market is still lagging behind the pace required to begin tapering bond purchases.
UAE: OPEC+ talks ongoing and no deal yet - statement.
For future oil transactions, the UAE will have a higher oil production baseline of 3.65 million barrels per day (bpd), according to an OPEC+ source.
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