Fed’s Beige Book: Slower Activity, Easing Hiring, Price Increases Moderated
WASHINGTON (MaceNews) – Only four Federal Reserve districts reported growth in the latest Federal Reserve beige book survey of economic conditions coast to coast published Wednesday. The survey, assembled by the Atlanta Fed, found retail sales and manufacturing remained mixed while consumer credit “remained fairly healthy” while consumer credit “remained fairly healthy” with only a […]
FOMC Minutes Show FOMC Still Mired In Uncertainty While Cautiously Pausing
WASHINGTON (MaceNews) – The minutes of the latest Federal Open Market Committee Tuesday showed the policy setting body remained mired in uncertainty, preserving the option to hike again if data and other factors signal any setbacks in the campaign to pressure aggressive inflation into a sturdy path toward the 2% target. Unexpectedly strong data, on […]
White House and Other Schedules for Tuesday, Nov 21
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, NOVEMBER 21, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting in the […]
Fed’s Powell: ‘Not Confident’ Fed Policy ‘Sufficiently Restrictive’ To Curb Inflation
– Will ‘Proceed Carefully,” But Ready To Raise Rates Further If Needed By Steven K. Beckner (MaceNews) – Federal Reserve Chair Jerome Powell continued Thursday to leave open the option for further monetary tightening, despite rampant Wall Street speculation that the Fed’s next move might be to ease credit. Powell said the Fed is not […]
FOMC Stays On Hold But Tilts Toward Another Funds Rate Hike
– Powell: Policy ‘Restrictive’ But Must Be Confident It’s ‘Sufficiently Restrictive’ – Powell: FOMC Not Considering Rate Cuts Or Halting Quantitative Tightening – Powell: ‘Proceed Carefully’ In Deciding How Much More Higher Rates May Go – Powell Declines To Say Bond Yield Spike Substitutes For Fed Rate Hikes By Steven K. Beckner (MaceNews) – The […]
TRANSCRIPT: Fed Chair Powell’s Post-FOMC Q&A
WASHINGTON (MaceNews) – The transcript of Federal Reserve Chair Jerome Powell’s post-FOMC news conference: .>> Good afternoon, everyone. Welcome. My colleagues and I remain squarely focused on our dual mandate to promote maximum employment and stableness for the American people.
FOMC Keeps Rates Unchanged And Preserve Possibility of Future Tightening; Financial Conditions Tighter
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday fulfilled expectations for a stand-still policy statement, noting financial and credit conditions have tightened and job gains have moderated – “but remain strong.” The barer-bones statement, very similar to the language in the preceding statement, follows: Recent indicators suggest that economic activity expanded at a strong […]
White House and Other Schedules for Wednesday, Nov 1
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 SCHEDULEFOR WEDNESDAY, NOVEMBER 1, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting in the Oval Office […]
Officials Lean Toward A Skip At Nov. 1 FOMC but Door Open To More Rate Hikes
By Steven K. Beckner (MaceNews) – As the Federal Reserve’s penultimate monetary policy meeting of 2023 rapidly approached, Fed officials collectively leaned against another short-term interest rate hike, while expressing hope that rising long-term rates might substitute for Fed rate action. By no means, though, did they rule out additional monetary tightening to fight inflation, […]
Fed’s Beige Book Finds Stalled Economy, With Little Change and Modest Price Increases
WASHINGTON (MaceNews) – The string of typical assessments of modest to moderate expansion for the Federal Reserve’s Beige Book survey of coast-to-cast economic conditions came to an end Wednesday with a new finding of “little to no change” while a less tight labor market generated less ebullient wage growth. The report to be reviewed in […]