US Data Preview: FOMC/Powell News Conf; GDP, Personal Inc, Durables
WASHINGTON (MaceNews) – The week ahead promises no surprises, in the first-quarter GDP report, the FOMC meeting, durable goods report, the price of oil, the president’s address to Congress, the gradually improving trend of virus cases unless … . Unless you count the preternaturally moderate benchmark U.S. 10-year yield. At this writing 1.567%. Who at […]
US Economy Roaring Back, But FOMC Not Ready To Respond … Yet
By Steven K. Beckner (MaceNews) – The economy may be at “an inflection point,” as Federal Reserve Chairman Jerome Powell has said, but monetary policy remains more reflexive than anything, which is to say he and his fellow Fed policymakers are still very much in emergency response mode, concentrating on helping the economy recover from […]
US Data Preview: New/Existing Home Sales, Leading Indicators and the Restoration Economy
WASHINGTON (MaceNews) – Significant economic data reports other than new and existing home sales are completely absent in the week ahead but plenty is happening in the economy now that it’s in the midst of one of its biggest booms ever. Which makes a lot of Nervous Nellies, well, nervous. In a world of accelerating […]
Fed’s Daly: Fed Far From Goals; Needs Lot More Strong Data Before Consider Tightening
By Steven K. Beckner — Despite Strong Data ‘Just In Beginning Stages’ of Recovery from Covid –‘Going to Need Repeated Months’ of Strong Data to Change Policy (MaceNews) – San Francisco Federal Reserve Bank President Mary Daly said Thursday that, while recent economic data have been “hopeful,” they are not nearly enough in her mind […]
Thursday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Thursday’s schedules for the White House, Treasury, the State Department, the Capitol and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, APRIL 15, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in […]
Clarida Keys On Inflation Expectations As Determining Shape of Monetary Policy
By Steven K. Beckner (MaceNews) – Federal Reserve Vice Chairman Richard Clarida put heavy emphasis Wednesday on the behavior of inflation expectations in determining the proper response of monetary policy as the economy evolves in coming years, Clarida, whose monetary economics bona fides have made him an influential lieutenant to legally trained Fed Chairman Jerome […]
Fed’s Beige Bk Shows Restrained Economic Optimism as Vaccinations Increase
WASHINGTON (MaceNews) – The Federal Reserve’s Beige Book survey of economic conditions coast to coast Wednesday showed some increased optimism based on increased vaccinations and stimulus payments, even in the face of continued high unemployment coupled with some shortage of labor, supply chain disruptions and bad weather. The Beige Book compilation stuck to its favorite […]
Wednesday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, the State Department, Capitol Hill and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, APRIL 14, 2021 In the morning, the President will receive the President’s Daily Brief in the Oval Office. This […]
Tuesday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, the State Department, Capitol Hill and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, APRIL 13, 2021 In the morning, the President will receive the President’s Daily Brief in the Oval Office. This […]
Monday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Monday’s schedules for the White House, Treasury, the State Department, Capitol Hill and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, APRIL 12, 2021 In the morning, the President will receive the President’s Daily Brief in the Oval Office. This […]