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BoE Gov. Bailey: Latest inflation data is good, but we need more evidence
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BOE's Bailey: Inflation of 3.8% in Sept. seen as peak; Underlying prices pressures continued to ease
<GBP=>:*BOE'S BAILEY: INFLATION OF 3.8% IN SEPTEMBER SEEN AS PEAK *BOE'S BAILEY: UNDERLYING PRICES PRESSURES CONTINUED TO EASE *BOE'S BAILEY: NEED TO SEE DOWNWARD PATH BECOMING ESTABLISHED *BOE'S BAILEY: POLICY DEPENDS ON HOW TWO FORCES PLAY OUT *BOE'S BAILEY: ACTIVITY IN
BOE'S BAILEY: CLEAR FROM AGENTS THAT LABOR MARKET SLOWING BOE'S BAILEY SAYS WE HAVE TO REMAIN CAREFUL THAT HIGHER FOOD AND ENERGY PRICES DO NOT LEAD TO 2ND-ROUND EFFECTS ON WAGE- AND PRICE-SETTING BOE'S BAILEY SAYS IT IS ENCOURAGING THAT INFLATION PEAK IN SEPT WAS 0.2 PERCENTAGE POINTS BELOW OUR AUGUST FORECAST BOE'S BAILEY: LATEST INFLATION ENCOURAGING, BUT JUST ONE POINT *BOE'S BAILEY: MOVING TO DEMAND-DRIVEN SYSTEM FOR LIQUIDITY *BOE'S BAILEY: NOT FOR US TO SPECULATE ON BUDGET CONTENTS *BOE'S BAILEY: NOT PASSING JUDGEMENT ON REEVES COMMENTS THIS WK *BOE'S BAILEY: MY OWN VIEW IS THAT WE NEED TO SEE MORE DATA *BOE'S BAILEY: MARKET CURVE AT
ECB's VP de Guindos: Marginally More Optimistic On Growth - Inflation News Is Positive - Much More Optimistic With Regard To Services Inflation - Evolution Of Wages Fully Aligned With Projections ECB's VP de Guindos: Growth Risks Are Now Much More Balanced - Level Of Uncertainty Huge - Comfortable With Current Level Of Interest Rates - We Believe That Undershooting Will Be Temporary - Convergence To 2% Is Now The Baseline ECB'S DE GUINDOS: NO DISCUSSION ON MODIFYING QT
<=USD>:*FED'S GOOLSBEE: INDICATORS SHOW A LOT OF LABOR MARKET STABILITY *GOOLSBEE: I STILL THINK THERE IS MILD COOLING IN LABOR MARKET FED'S GOOLSBEE: MOST OF LABOR MARKET INDICATORS SHOW STABILITY IN MARKET -- CNBC INTERVIEW SHOULD BE CAREFUL TAKING PAYROLL JOB NUMBER DROP AS AN INDICATOR OF JOB MARKET MILD COOLING IN LABOR MARKET UNEMPLOYMENT RATE BASICALLY UNCHANGED A LITTLE DOWNSIDE RISK TO LABOR
FED'S GOOLSBEE: I MAYBE RELUCTANT TO CONTINUE THE RATE CUTTING CYCLE. GOOLSBEE: VERY LITTLE PRIVATE SECTOR INFORMATION ABOUT INFLATION, WILL SOME TIME BEFORE WE SEE ANY PROBLEMS MAKES ME MORE UNEASY WITH FRONTLOADING RATE CUTS CAN'T COUNT ON INFLATION BEING TRANSITORY CONSUMER SPENDING STRONG, GROWTH IS STRONG GOOLSBEE: FOR DATA TO GO DARK RIGHT AT THE MOMENT WE SAW SERVICES INFLATION RISING IS UNCOMFORTABLE NOT HAWKISH ON RATES SETTLING POINT FOR RATES WILL BE FAIR BELOW WHERE IT IS TODAY