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On January 15, 2026, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, met with Canadian Foreign Minister Anand in Beijing. Wang Yi stated that Prime Minister Carneys visit to China marks the first visit by a Canadian prime minister in eight years, and is of pivotal and symbolic significance for bilateral relations. The two leaders will hold meetings and talks, which he believes will open new prospects for bilateral relations. China is willing to strengthen communication with Canada, enhance trust, eliminate interference, deepen cooperation, and promote the steady, solid, and sound development of bilateral relations under the new circumstances. Wang Yi stated that both sides should view each other rationally, amicably, and inclusively, handle issues with mutual respect, focus on the cooperation agenda, release positive messages, provide positive expectations for the development of bilateral relations, inject more confidence, and jointly build a new type of strategic partnership between China and Canada. Anand stated that the new Canadian government attaches great importance to its relations with China. Prime Minister Carney looks forward to in-depth communication and exchanges with Chinese leaders during this visit, clarifying the direction of bilateral relations, restarting dialogue in various fields, promoting more mutually beneficial outcomes, strengthening coordination and cooperation on multilateral affairs, and further developing the strategic partnership between the two countries.A Reuters poll showed that 52% of economists said the risk of the Bank of Japan falling behind the inflation curve was neither high nor low.A Reuters poll showed the median forecast for the Bank of Japans interest rate peak at 1.50%, up from 1.00% in a February 2025 survey.A Reuters poll showed that 60% of economists expect the Bank of Japan to raise interest rates once in 2026, while 31% expect two rate hikes.A Reuters poll showed that 97% of economists (65 out of 67) expect the Bank of Japan to keep interest rates unchanged until March.

The Devil Is In The Details: Gold Analysis - Federal Reserve Minutes

Larissa Barlow

Apr 07, 2022 10:33

Analyses of Federal Reserve Minutes 

While both the FOMC statement and Chairman Powell's press conference provide market participants with information about the FOMC's updated and revised monetary policy, it is the release of the minutes that provides investors with significantly greater clarity and understanding. The devil, as they say, is in the details.

 

The Federal Reserve issued the official minutes from its March FOMC meeting today, providing insight into the central bank's current plans to begin unwinding its balance sheet assets. Beginning in March 2020, the Federal Reserve will add around $4.6 trillion to its balance sheet by purchasing $120 billion monthly in mortgage-backed securities ($40 billion) and US Treasury securities ($80 billion), bringing their total to just over $9 trillion.

 

According to Federal Reserve Governor Lael Brainard, the Fed intends to employ a mix of interest rate rises and a quick run-off of the balance sheet to bring US monetary policy closer to neutral later this year.

 

However, the minutes released today imply that the Federal Reserve will unwind around $3 trillion over the next three years, reducing its $9 trillion balance sheet to $6 trillion. While the Fed appears to be indicating a quick runoff of its balance sheet, the reality is that the Federal Reserve's balance sheet will be nearly $2 trillion larger than it was prior to the epidemic.

 

"Participants continued their discussion on plans to reduce the size of the Federal Reserve's balance sheet in a manner consistent with the methodology outlined in the Committee's Principles for Reducing the Size of the Federal Reserve's Balance Sheet, announced following its January meeting."

 

Additionally, the minutes stated, "While no decision was made regarding the Committee's plan to reduce the Federal Reserve's balance sheet at this meeting, participants agreed that significant progress had been made on the plan and that the Committee was well positioned to begin the process of reducing the balance sheet's size as soon as after the conclusion of its upcoming May meeting."


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