TEXT: Remarks of Fed Chair Nominee Kevin Warsh prepared for the Senate Banking Committee Confirmation Hearing
WASHINGTON (MaceNews) – The following are the remarks of Federal Reserve Chair Kevin Warsh prepared for delivery Tuesday to the Senate Banking Committee confirmation hearing: Good morning, Mr. Chairman, and thank you. It’s an honor to be with you, Ranking MemberWarren, and the entire committee. I appreciate your time and consideration today, and yourmany courtesies, […]
Japan Week Ahead: Countdown to BOJ’s Tough Decision on Whether Now Is Right Time to Lift Policy Interest Rate Closer to Neutral Level
–Exports Likely Remain Resilient in March Trade Data, Inflation Seen Tame Below BOJ’s 2% Target but High Price Levels Still Hurt By Max Sato (MaceNews) – Here are the key Japanese events for the coming week. The Bank of Japan’s media communications blackout period starts on Wednesday, three business days before the next policy meeting […]
Preview: Forecasters See Japan Exports Up Again in March on Chip, Electronics Sales
0850 JST (2350 GMT/1950 EDT Tuesday, April 21) The Ministry of Finance releases March trade.Mace News median: exports +11.2% y/y (range: +8.9% to +14.2%) vs. a revised +4.0% February from +4.2; imports +5.7% y/y (range: +3.0% to +10.1%) vs. a revised +10.3% in February from +10.2%; trade surplus ¥1,114.20 billion (range: a surplus of ¥530.60 […]
Preview: Forecasters See Japan CPI Inflation Steady in March Report from February
0830 JST (2330 GMT/1930 EDT Thursday, April 23) The Ministry of Internal Affairs and Communications releases March CPI. Mace News median: total CPI +1.4% y/y (range: +1.2% to +1.6%) vs. Feb +1.3%; core CPI (ex-fresh food) +1.6% y/y (range: +1.5% to +1.9%) vs. Feb +1.6%; core-core CPI (ex-fresh food, energy) +2.4% y/y (range +2.3% to […]
Fed Officials Remain Uncertain, Hesitant as Middle East Tensions Continue
– Waller Forecasts Possible Rate Cuts but Not until ‘Later This Year’ – Daly ‘Wouldn’t Be Surprised’ If Funds Rate Left Unchanged Through 2026 By Steven K. Beckner (MaceNews) – Monetary policy remained firmly on hold in the minds of Federal Reserve officials toward the end of the week, amid a rapidly changing situation in […]
Japan Week Ahead: BOJ Board Members Continue Weighing Mideast War Impact on Higher Inflation Against Lower Growth Ahead of April 27-28 Meeting
–February Machinery Orders Seen Flat on Month After Smaller-Than-Expected Drop in January; BOJ Tankan Showed Solid Capex Plans in Fiscal 2026 By Max Sato (MaceNews) – Here are the key Japanese events for the coming week. The data calendar is light two weeks ahead of the Bank of Japan meeting on April 27-28 at which […]
BofA Global Research Fund Manager Survey: Global Investors Pare Risk Assets on Sharp Reassessment of Growth and Inflation Expectations
–Geopolitical Conflict Still Top Tail Risk By Vicki Schmelzer NEW YORK (MaceNews) – Global fund managers pared risk holdings in April, with the move driven by a sharp reassessment of growth and inflation expectations, according to the latest BofA Global Fund Managers survey, released Tuesday. This month, a net 36% of those polled looked for […]
Fed’s Jefferson: FOMC ‘Well-Positioned’ To Face Upside Inflation, Downside Job Risks
–– Williams: FOMC Is Now ‘Really Well-Positioned’ To ‘Wait and See’ — Goolsbee: Fed in ‘Very Uncomfortable Situation; Facing Danger of ‘Stagflation’ By Steven K. Beckner (MaceNews) – Federal Reserve Vice Chairman Phillip Jefferson said Tuesday evening that monetary policy is “well-positioned” in a war-influenced environment of both upside risks to inflation and downside risks […]
US ISM Services Sector Keeps Solid Expansion in March but Hit by Transport Cost Spike, Mideast War Adds to Uncertainty as Trump Tariff Saga Drags on
–ISM’s Miller: ‘Not Seeing Weakness in Services Sector’; Employment Subindex Slump ‘One-Month Blip’ By Max Sato (MaceNews) – U.S. services sector expansion slowed but maintained underlying strength in March, led by another strong gain in new orders, but firms were also hit by a rapid and widespread spike in energy and commodities prices, particularly fuel […]
Japan Week Ahead: BOJ Branch Managers Update on Regional Economies at Quarterly Meeting Ahead of April 27-28 Policy Decision
–February Household Spending Seen Sluggish amid Falling Real Wages; March Producer Inflation to Tick Up on Higher Energy Costs By Max Sato (MaceNews) – Here are the key Japanese events for the coming week in the new fiscal year that began on April 1. Bank of Japan branch managers will provide their latest assessments of […]