<strong>Japan November Export Rise Slows Amid Lower Global, Chinese Demand </strong>
–Japan Posts 16th Straight Month of Trade Deficit on High Oil, Gas Import Costs–Exports to US Remain High After Hitting Record High Amount in October –Pace of Exports to China Continues to Slow After Picking Up from Lockdown Impact By Max Sato (MaceNews) – Japanese export values posted a slower pace of growth on lower […]
<strong>FOMC Hikes Funds Rate 50 BP to 4.25-4.50%; ‘Ongoing Increases’ Foreseen</strong>
– Powell Stresses Fed Commitment Tt Lower Inflation Despite Slower Pace ……. – Officials Raise 2023 Funds Rate Projection to Median 5.1%, Up From 4.6% – Officials Also Revise Up Inflation, Unemployment Forecasts; Revise GDP Growth Down By Steven K. Beckner (MaceNews) – The Federal Reserve closed out an eventful year with a seventh straight […]
TRANSCRIPT: Fed’s Powell Answers Reporters’ Questions after FOMC Decision
WASHINGTON (MaceNews) – The following is the Federal Reserve’s transcript of Fed Chair Jerome Powell’s news conference Wednesday, which followed the Federal Open Market Committee police statement: OPENING STATEMENT IN PROGRESS: substantially more evidence to give confidence that inflation is on a sustained downward path. Price pressures remain evident across a broad range of […]
FOMC Raises Fed Funds Rate by 50 BPS As Expected; ‘Dot Plot’ More Hawkish Than Expected
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday announced a 50 -basis point rate hike, just as expected, with the participants’ quarterly projections slightly more hawkish than expected. The “dot plot’ raised expectations for the so-called terminal rate, where the fed funds rates will rest at the end of the hiking cycle: Otherwise, the […]
<strong>White House and Other Schedules for Wednesday, Dec 14</strong>
WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR WEDNESDAY, DECEMBER 14, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In the […]