<strong>Fed Officials Warn Against Premature Backing Off From Inflation Fight</strong>
By Steven K. Beckner (MaceNews) – Federal Reserve officials continued to pledge their determination to reduce inflation in wake of a stronger-than-expected employment report Friday. The officials welcomed the moderation of inflation in recent months but noted that core services prices continue to rise rapidly and warned against prematurely giving up on their anti-inflation campaign. […]
<strong>ISM: US December Service Sector Posts 1st Contraction Since May 2020 on Slower New Orders, Jobs</strong>
–ISM’s Nieves: Slowdown is Adjustment, Long-Drawn Contraction Unlikely–Nieves: Employment Drop Due to Both Slower Demand, Tight Labor Market By Max Sato (MaceNews) – The U.S. service sector contracted after 30 months of growth in December, hit by sluggish new orders and employment, after picking up slightly in November on holiday season demand and at the […]
<strong>White House and Other Schedules for Friday, Jan 6</strong>
WASHINGTON (MaceNews) – The following are Friday’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 FRIDAY, JANUARY 6, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In the afternoon, […]