Fed’s Barkin Asserts Fed Commitment To Lowering Inflation Even It Means Recession
Fed Will ‘Do What It Takes’ By Steven K. Beckner (MaceNews) – Richmond Federal Reserve Bank President Thomas Barkin said Wednesday the Fed is determined to beat down inflation – even it means recession. Barkin gave no indications of how much more monetary tightening he thinks will be needed to bring inflation down to the […]
UPDATE-ISM: US July Service Sector Growth Picks Up on New Orders Despite Labor Shortages, High Costs
–Price Index Falls for Third Month; ‘Inflation is Peaking’–ISM’s Nieves: Fed Not Overtightening, Market Reaction Favorable to Latest Hike–ISM’s Nieves: Services Sector Expects Continued Growth in 2022 on Pent-Up Demand–ISM: Supply Chain Constraints Keeping Firms from Replenishing Inventories–ISM: Employment Remains in Contraction Mainly Due to Limited Labor Pool By Max Sato (MaceNews) – U.S. service […]
White House and Other Schedules for Wednesday, Aug 3
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, AUGUST 3, 2022 In the morning, the President will receive the President’s Daily Brief virtually. This meeting will be closed press. In the […]