The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
San Francisco Fed President John Williams on Thursday said he still thinks gradual interest-rate hikes are the “best course” (http://reut.rs/1RaUTa9), a view that fails to harmonize with that of fellow Fed policymaker James Bullard, president of the St. Louis Fed who said late Wednesday further rate hikes would be “unwise” (http://reut.rs/1XAnEjh)
from Morning Bid with David Gaffen:
A slew of weak reports from Shell RDSa.L, Occidental OXY.N and ConocoPhillips COP.N have set the tone for what will probably be another session punctuated by lackluster buying interest in stocks and a predilection toward pushing fixed income yields lower even ahead of what is supposed to be a solid jobs report on Friday.
The Reserve Bank of India is widely expected to cut interest rates just once in 2016, as most analysts see retail inflation rising slightly above the central bank's target, but there is a decent chance it could cut more aggressively, as it did last year.