PBOC sets USD/CNY reference rate at 7.1934 vs. 7.1996 previous

The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Wednesday at 7.1934, as compared to the previous day's fix of 7.1996.

Fed's Goolsbee: Rates need to come down a fair amount over next year

Chicago Federal Reserve President Austan Goolsbee said on Tuesday said he sees interest rates needing to come down a "fair amount" over the next year as rates remain in restrictive policy, per Reuters.
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