FOMC Minutes Contain No Hints of Imminent Rate Cuts; Still ‘Highly Attentive’ to Inflation Risk
WASHINGTON (MaceNews) – The minutes of the latest Federal Open Market Committee meeting released Wednesday leaned toward high rates for longer, not any imminent rate cuts or, for that matter, any rate hike. While acknowledging progress in disinflation, the FOMC participants remained “highly attentive” to inflation risk, although saying overall risks were coming into better […]
Japan Govt Downgrades Its View on Economic Recovery as Consumption, Production Turn Weaker
–Japan’s Economy still Faces Downside Risks from Chinese Slowdown, High Prices, January’s Earthquake By Max Sato (MaceNews) – Japan’s government on Wednesday downgraded its overall assessment for the first time in three months, saying while the economy is recovering moderately, consumption has turned weaker amid elevated costs and production has been hit by suspended vehicle […]