FOMC Lifts Funds Rate Another 75 Bp to Near ‘Neutral’ 2.25-2.50% Range
– Powell Signals More Hikes to Come but Unclear About Pace, Level – Powell Repeats Fed Needs ‘Compelling Evidence’ Inflation Heading To 2% Target – Amid Slowing, Powell Cites Risk of ‘Doing Too Much’ Or ‘Too Little’ Tightening – Powell Repeats Need ‘Moderately Restrictive’ 3-3.5% Funds Rate Range End-22 By Steven K. Beckner (MaceNews) – […]
FOMC Hikes By 0.75 Pt As Expected; Bare-Bones Statement Cites Elevated Inflation
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday did the expected, a three-quarter point rate hike which brings monetary policy to the brink of tightening instead of simply removing accommodation. In a bare-bones statement, the FOMC saw spending and production “softened” along with still-robust job gains and elevated inflation. “The Committee is highly attentive […]
White House and Other Schedules for Wednesday, July 27
WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, JULY 27, 2022 In the morning, the President will receive the President’s Daily Brief virtually. This meeting will be closed press. In-Town […]