US Data Preview: Fed’s Powell Testimony, Durable Goods Orders, Revised GDP, Personal Income, New Home Sales
WASHINGTON (MaceNews) – The week ahead features a little look-ahead and a lot of look back, with perhaps some hints at how the first quarter is performing and a lot about how the patient Federal Reserve hopes to see a continuing recovery. The least informative of the lot may be Thursday’s update of the fourth […]
Fed’s Rosengren: Bond Buying Will Continue Until ‘Substantially More’ Job, Inflation Gains
—Rosengren: Employment Remains ‘Well Below” Year Ago Levels By Steven K. Beckner (MaceNews) – Boston Federal Reserve Bank President Eric Rosengren advocated continued aggressive monetary and fiscal stimulus Friday. Given unsatisfactory labor market conditions, he suggested, the Fed will need to keep buying $120 billion of bonds for the foreseeable future. “Despite a potentially difficult […]
Japan Government Downgrades View: Economy Picking Up, But ‘Weakness in Some Areas’
— Consumption Slower Amid Pandemic While Capex Playing Catchup — Japan Sees Pickup in Global Demand, Upgrading Views on S. Korea, Indonesia By Max Sato (MaceNews) – Japan’s government Friday downgraded its overview on the domestic economy for the first time since last April, when the first wave of COVID-19 infections prompted shorter business hours […]