Japan's Finance Minister Suzuki: Japan is deeply concerned about the high volatility in the forex market

tweet at 3:33pm: ECB'S NAGEL: IT IS CRITICAL TO TIGHTEN MONETARY POLICY. tweet at 3:34pm: ECB’s Nagel: - We Are in a Very Difficult Situation - Important to Tighten Monetary Policy - Not Thinking About the Neutral Rate - ECB Balance Sheet Is Too Large, Needs to Shrink - ECB Balance Sheet Shrinkage Should Start Next Year

tweet at 3:14pm: Fed’s Bullard: - September Inflation Warrants More “Frontloading” Though Not Necessarily Higher Overall Rates - Appropriate That Rates Reach Range of 4.5%-4.75% by Year’s End, With Any Further Hikes in 2023 Being “Data Dependent” tweet at 3:15pm: Fed’s Bullard: - Current Inversion of Yield Curve a “Nominal Inversion” Involving Expected Inflation, Not Indicator of Recession Risk - “Would Not Predict” That Policy Rates Need to Hit 5%; if That Becomes Necessary It Is Because Inflation Is Not Slowing As Hoped tweet at 3:19pm: Fed's Bullard - There is potential for a soft landing given the strength of the labor market and companies reluctance to lay off people -Markets are not overly stressed, but are transitioning to higher interest rates

tweet at 4:00pm: BoC’s Macklem: - There Was ‘Broad Consensus’ at IMF/World Bank Meetings That Inflation Is Most Immediate Threat to ‘Current and Future Prosperity’ - ‘There Was a Clear Resolve to Restore Price Stability’ tweet at 4:00pm: BoC’s Macklem: - Whatever September CPI Shows, Economy Will Still Be in Excess Demand, Labor Markets Tight and Inflation Too High - We Will Be ‘Watching Closely’ U.S. Economy, Inflation and Rates and ‘Factoring That in As We Take Decisions in Canada’ tweet at 4:02pm: BoC’s Macklem: - Noting Recent Canadian Dollar Depreciation Against U.S. Dollar, Says if It Persists ‘We’re Going Have More Work to Do on Interest Rates’ - Tightening Global Financial Conditions Still ‘Orderly’ - Reiterates Canada Interest Rates Need to Head Higher

tweet at 4:31pm: ECB'S REHN: THE EUROZONE ECONOMY IS SIGNIFICANTLY WEAKENING. tweet at 4:31pm: ECB’s Rehn: - Sees QT Starting in 2023 Once Neutral Rate Is Reached - Likelihood of Adverse Scenario Has Risen Considerably - Euro-Zone Economy Is ‘Weakening Considerably’