White House and Other Schedules for Thursday, Dec 14
WASHINGTON (MaceNews) – The following are Thursday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR THURSDAY, DECEMBER 14, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In […]
Japan October Core Machine Orders Post 2nd Straight M/M Rise on Persistent Digitization Demand but Computer Orders Mixed After Recent Gains
–Core Orders Mark 8th Straight Y/Y Drop Despite Solid FY23 Capex Plans –Cabinet Office Keeps View: Machine Orders Pausing By Max Sato (MaceNews) – Japanese core machinery orders, the key leading indicator of business investment in equipment, unexpectedly posted a second straight monthly gain in October, up 0.7%, after rebounding an above-forecast 1.4% in September […]
FOMC Holds Rates Steady; Indicates Funds Rate Has Peaked at 5.25-5.50%
– FOMC Retains Tightening Bias; Powell says Will Hike Rates Further If Needed – Officials Project Funds Rate Will Fall To 4.6% by End of 2024; 3.6% End 2025 – Officials Leave Longer Run Funds Rate Estimate Unchanged at 2.5% – Powell: FOMC Not Talking About Altering Quantitative Tightening By Steven K. Beckner (MaceNews) – […]
TRANSCRIPT: Fed’s Powell Said the FOMC Participants Did Discuss the ‘Next Question’ of Rate Cuts At This Meeting
WASHINGTON (MaceNews) – Federal Reserve Chair Jerome Powell Wednesday said the Federal Open Market participants did discuss rate cuts at its latest meeting and that as the inflation rate approaches the 2% target policy must become less restrictive to avoid overshooting. The transcript of his post-FOMC news conference follows: OPENING STATEMENT and Q&A:
FOMC Keeps Rates Unchanged as Expected, Retains Tightening Bias But Says Assessing Need for ‘Any’ Additional Firming
WASHINGTON (MaceNews) – The latest policy statement of the Federal Open Market Committee follows: Recent indicators suggest that growth of economic activity has slowed from its strong pace in the third quarter. Job gains have moderated since earlier in the year but remain strong, and the unemployment rate has remained low. Inflation has eased over […]
Analysis: Bank of Japan Cautious About Lifting Negative Short-Term Rate Target Until Confirming Path to Higher Wages in April
By Max Sato (MaceNews) – Bank of Japan policymakers are expected to maintain the current easing stance for now as they are likely to refrain from raising interest rates at least until April, when they may be able to see a clearer sign that wages will continue rising substantially in the next fiscal year. In […]