BoE Gov. Bailey: UK household and company balance sheets look robust

Fed's powell: It is a less likely possibility that the labour market gets tight and boosts inflation; not particularly likely. Fed's Powell, when asked if we are seeing a positive productivity shock: Yes.

CHINA SAYS MAKE USE OF RRR, INTEREST RATE CUT FLEXIBLY CHINA TO MAINTAIN 'NECESSARY' FISCAL DEFICIT: XINHUA CHINA TO STEP UP EFFORTS TO STABILIZE PROPERTY MARKET: XINHUA CHINA TO CLEAR UNREASONABLE MEASURES IN CONSUMPTION AREAS CHINA TO CLEAR UNREASONABLE MEASURES IN CONSUMPTION AREAS

POWELL: RISE IN LONG RATES MAY BE DUE TO EXPECTATIONS FOR HIGHER GROWTH Fed's Powell: Nothing happening in long rates that suggests concern about inflation in the long run. POWELL: WE HEAR LOUD AND CLEAR HOW PEOPLE ARE EXPERIENCING HIGHER COSTS Fed's Powell: Will need to have some years where wages outpace inflation for people to feel good about affordability. POWELL: WE WILL DELIVER 2% INFLATION