FOMC Minutes Don’t Rule Out or Guarantee December Rate Cut
WASHINGTON (MaceNews) – The minutes of the Federal Open Market Committee meeting earlier this month, published Tuesday, were faithfully in line with Fed Chair Powell’s post-meeting comments, seeing the likelihood of another rate cut in December as in November if the economy and inflation remain on the current path. The portion of the minutes devoted […]
Japan Still Sees Modest Economic Recovery but Warns It Now Needs to Watch Future US Policy amid Headwinds of Inflation, Middle East Tensions, Weak Yen
By Max Sato (MaceNews) – Japan’s government maintained its overall assessment that the economy’s “modest recovery” is set to continue thanks to wage hikes amid widespread labor shortages, but urged a close watch on the future U.S. government policy as well as lingering high costs for necessities, geopolitical risks and the weak yen. In its […]