FED’S POWELL: WHY CUT RATES IF LOW INFLATION ‘TRANSIENT?’
–Markets React With Disappointment as Rate-Cut Vision Challenged –Powell Maintains Wait-and-See Stance; Says Softer Mfg ISM Still Seen Positive for GDP By Denny Gulino WASHINGTON (MaceNews) – The possibility of a rate cut any time soon seemed to be put off to the indefinite future Wednesday as Federal Reserve Chairman Jerome Powell said he and […]
FOMC MAINTAINS ‘PATIENT’ PAUSE OUTLOOK; INFLATION ‘DECLINED’
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday fulfilled expectations that it would stand still, acknowledge inflation has “declined,” all in the context of a “solid” economic expansion. It was striking that this time around, geopolitical tensions, including trade disagreements, did not merit even a glancing mention in the streamlined statement. The reassuring words […]
US TSY STINGY DEBT-LIMIT GUIDANCE SEES X-DATE ‘SOMETIME’ IN 2ND HALF
–$84 Bln in Borrowing, with $38 bln/3-yrs; $27 bln 10-yrs; $19 bln 30-yrs By Denny Gulino WASHINGTON (MaceNews) – The U.S Treasury quarterly refinancing update Wednesday did not surprise, with the refunding announcement of $84 billion divided as expected with $38 billion in 3-year notes, $27 billion in 10-year notes and $19 billion in 30-year […]