<strong>FOMC Lifts Funds Rate 25 BP; ‘Additional Policy Firming May Be Appropriate’</strong>
– FOMC Participants Leave Median Projected Rate for End of 2023 at 5.1% – Powell Sees Bank Credit Tightening ‘Substituting’ For Some Fed Rate Hikes – Powell: 2023 Rate Cuts ‘Not in Our Baseline’; Will Tighten More If Needed: By Steven K. Beckner (MaceNews) – Pulling its monetary punches in the wake of unanticipated financial […]
FOMC Statement and TRANSCRIPT of Fed’s Powell Post-FOMC Q&A
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday raised the federal funds rate by a quarter point while FOMC participants projected this year will end with that rate at a median of 5.1%. The FOMC policy statement and the transcript of the subsequent news conference held by Fed Chair Jerome Powell follow: FOMC POLICY […]
<strong>White House and Other Schedules for Wednesday, March 22</strong>
WASHINGTON (MaceNews) – The following are Wednesday’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 WEDNESDAY, MARCH 22, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]
<strong>White House and Other Schedules for Tuesday, March 21</strong>
WASHINGTON (MaceNews) – The following are Tuesday’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 TUESDAY, MARCH 21, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]
<strong>White House and Other Schedules for Monday, March 20</strong>
WASHINGTON (MaceNews) – The following are Monday’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 MONDAY, MARCH 20, 2023 In the morning, the President will receive the President’s Daily Brief. The Vice President will attend. […]
<strong>FOMC Apt to Raise Rates Again but Bank Failures Raise Doubt</strong>
– Once Predisposed Toward More Aggressive Moves, Fed Must Now Weigh Financial Risks By Steven K. Beckner (MaceNews) – The Federal Reserve finds itself in an awkward situation as it approaches its mid-March monetary policy meeting. Less than a week ago, it seemed, the Federal Reserve’s policy making Federal Open Market Committee was on the […]
Fed’s Beige Book Survey Sees Positives and Negatives Amid ‘Slightly’ Increased Economic Activity
WASHINGTON (MaceNews) – The Federal Reserve’s Beige Book survey of economic activity coast to coast will tell the next Federal Open Market Committee meeting later this month that economic activity “increased slightly” despite widespread but somewhat moderated inflation pressures. The Beige Book responses, assembled by the New York Fed bank Wednesday, suggested consumer spending was […]
<strong>Powell: Fed Prepared to Increase Pace of Rate Hikes If Inflation Doesn’t Moderate</strong>
– ‘Ultimate Level of Interest Rates Likely to be Higher Than Previously Anticipated’ – Fed Not Seeking ‘Enormous’ Unemployment Rise but Tight Labor Markets Must Soften By Steven K. Beckner (MaceNews) – Federal Reserve Chair Jerome Powell served notice Tuesday that the Fed will likely need to raise short-term interest rates higher than he and […]
<strong>White House and Other Schedules for Monday, March 6</strong>
WASHINGTON (MaceNews) – The following are Monday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and DAILY GUIDANCE AND PRESS SCHEDULE FOR MONDAY, MARCH 6, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. After, the President […]
FOMC Minutes Show a Few Participants Wanted a 50 BPS Hike
WASHINGTON (MaceNews) – The Federal Open Market Committee meeting that ended at the beginning of the month had wide – but not unanimous – agreement on a quarter-point rate hike with a “few” more impatient, wanting to get to the terminal rate sooner with a half-point increase, the minutes of the meeting showed Wednesday. That […]