Economic and event calendar in Asia Friday, August 7, 2026 – Fed speaker, Chinese trade data

Alberto Musalem, St. Louis Fed president, speaks soon. He has recently turned more hawkish, now favouring earlier, gradual rate hikes over “later, larger, abrupt” moves, citing eroding inflation credibility after the Treasury selloff. He told the FT he’d preferred a 25bp hike at July’s meeting, where the Fed held rates 9-3.

Yesterday:

• Fed’s Daly supported decision to hold rates steady at July FOMC meeting

• Fed’s Cook: Fed running out of room for disnflation to return

This article was written by Eamonn Sheridan at investinglive.com.