<strong>Analysis: Japan PM Kishida Seeking Monetary Policy Balance Between Continuity and Gradual Shift from Abenomics</strong>

–Reports Say Kishida Picks Academic Kazuo Ueda to Succeed Kuroda By Max Sato (MaceNews) – Japanese Prime Minister Fumio Kishida appears to have picked an academic candidate with some policymaking experience to replace retiring Bank of Japan Governor Haruhiko Kuroda in a surprise choice that could prompt a gradual departure from the decade-old reflationary Abenomics […]

Analysis: Odds Mount For 25 BP Rate Hike at Feb. 1 FOMC Meeting

By Steven K. Beckner (MaceNews) – As the Federal Reserve gets set to kick off its first monetary policy deliberations of 2023, it’s almost a foregone conclusion that Chair Jerome Powell and his colleagues will keep raising short-term interest rates, but speculation has been mounting for weeks that the Fed will further decelerate monetary tightening. […]

Analysis: The CPI Conundrum – Smaller Rate Hikes Don’t Mean a Lower Terminal Rate

By Denny Gulino WASHINGTON (MaceNews) – The latest Consumer Price Index figures – suggesting a further softening of the inflation threat, rekindled hopes for a Federal Reserve pivot – hopes at odds with clearly stated Fed intentions to do no such thing. Good news for used cars, energy and some other categories came up against […]

<strong>FOMC, Powell Face Tricky Communication Task in Slowing Rate Hike Pace</strong>

– Key To Watch Is How Much Higher Fed Officials Move Their 2023 Rate Dots By Steven K. Beckner (MaceNews) – The Federal Reserve has well prepared financial markets for another “unusually large” interest rate increase in mid-December – just not quite as aggressive as we’ve seen since the spring. The Fed, nevertheless, is struggling […]

Analysis: FOMC Set for Fourth 75 BP Rate Hike But What Comes Next?

– Even After Another Big Hike Real Funds Rate Will Be Negative – Mixed Signals About How High Fed Willing to Go to Fight inflation By Steven K. Beckner (MaceNews) – The Federal Reserve will almost certainly take another fairly aggressive monetary tightening step at its Federal Open Market Committee meeting next week, but its interest rate hike […]

Analysis: Choice of Italy’s Next Finance Minister Key for Incoming Government’s Credibility, ‘Fight’ Against ECB Rate Hikes Ahead

–ECB’s Panetta a possible candidate By Silvia Marchetti ROME (MaceNews) – The choice of who will be Italy’s next economy and finance minister will be key in determining the winning center-right coalition’s credibility on world markets, and its power in campaigning against more European Central Bank rate hikes. The center-right alliance, which includes the far-right […]

Italy’s Rightists Election Victory Leaves Shaky Financial Outlook — Explainer

By Silvia Marchetti ROME (MaceNews) – The right-wing coalition victory on Sunday will likely lead Italy to a super-accommodative, risky economic and fiscal stance as parties forming the alliance have all pledged tax cuts and more spending to support the economy. With final results yet to be released, the far-right Brothers of Italy group won […]