Fed’s Logan, Waller Urge Slow, Cautious Approach to Slowing Quantitative Tightening
– Officials Also Continued to Advocate Cautious Approach to Rate Cutting By Steven K. Beckner (MaceNews) – With near unanimity, Federal Reserve officials have taken a cautious, gradual, “risk management” oriented approach to an eventual reduction of short-term interest rates, and Friday some outlined a similar viewpoint on the quantitative side of monetary policy. Neither […]
US February ISM Manufacturing in Contraction for 16th Straight Month on Pullback in New Orders, Production Mainly due to Seasonal Adjustments
–ISM Manufacturing Index 47.8 Vs. 49.1 in January; Median Forecast 49.5–ISM’s Fiore: Index Likely to Rise Above Neutral Line of 50 in March or April–Fiore: Pandemic-era Seasonal Adjustments Causing Volatility in Subindexes By Max Sato (MaceNews) – U.S. manufacturing activity was in contraction territory for the 16th straight month in February, with the key index […]
White House and Other Schedules for Friday, March 1
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. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR FRIDAY, MARCH 1, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]