White House and Other Schedules for Wednesday, Sept 21
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. data and Federal Reserve events: COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FOR WEDNESDAY, SEPTEMBER 21, 2022 – THURSDAY, SEPTEMBER 22, 2022 Wednesday, September 21, 2022 In the morning, the President will deliver […]
White House and Other Schedules for Tuesday, Sept 20
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. data and Federal Reserve events: COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULEFOR TUESDAY, SEPTEMBER 20, 2022 – THURSDAY, SEPTEMBER 22, 2022 Tuesday, September 20, 2022 In the afternoon, the President will deliver […]
Analysis: Fed to Stay on Aggressive Tightening Path Sept. 21
By Steven K. Beckner (MaceNews) – Federal Reserve policymakers are unlikely to find a reason to slow their monetary tightening campaign at their Federal Open Market Committee meeting next week, and increasingly the expectation is that they will raise interest rates at least as aggressively as they did at their previous two meetings. Although hopes for a […]
Williams: Funds Rate ‘Quite a Ways’ From Needed ‘Restrictive’ Stance
Size of Sept. 21 Rate Hike Will Depend on ‘Totality of The Data’ Funds Rate Likely Needs To Go Above 3.5% Next Year Throws Cold Water On Talk Of 2023 Rate Cuts By Steven K. Beckner (MaceNews) – New York Federal Reserve Bank President John Williams said Tuesday that short-term interest rates are “quite a […]
Atl Fed’s Bostic: Fed Will Keep Moving Expeditiously’ to Cut Inflation
–FOMC Must Guard Against Too Little, Too Much Tightening–Rates Must Become Restrictive to Bring Down Inflation By Steven K. Beckner (MaceNews) – Atlanta Federal Reserve Bank President Raphael Bostic said Tuesday that the Fed needs to keep raising interest rates “expeditiously” into a “restrictive” stance to reduce inflation, but he warned against raising rates too […]
Fed’s Powell Vows To Battle Inflation With ‘Restrictive’ Rates ‘Until Job Is Done’
No Clear Signal on Size of Sept. 21 Rate Hike; ‘Unusually Large” Move Possible Policy Will Need to Stay Restrictive ‘For Some Time,’ Involve Some ‘Pain’ By Steven K. Beckner (MaceNews) – Federal Reserve Chairman Jerome Powell Friday strongly reaffirmed the Fed’scommitment to bringing down inflation Friday, vowing to move monetary policy into a “restrictive”posture […]
FOMC Minutes: Officials Eyed ‘Downside’ Growth Risks, ‘Upside’ Inflation Risks
– Policy Focus Remained on Curbing Inflation, But ‘Many’ Warned of Overdoing It – No Clear Signal from Minutes On Size of Sept. 21 Rate Hike By Steven K. Beckner (MaceNews) – Federal Reserve officials continued to tilt toward a tighter monetary policy at their late July Federal Open Market Committee meeting, but while they […]
White House and Other Schedules for Friday, Aug 12
WASHINGTON (MaceNews) – The following are Friday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULEFOR FRIDAY, AUGUST 12, 2022 The President, vacationing at Kiawah Island, South Carolina, has no public events scheduled Out-of-Town Pool Wires: AP, Reuters, BloombergWire Photos: AP, […]
US CPI Boosts Hopes Inflation Trajectory Has Improved
–July CPI Unchanged; Core +0.3% By Denny Gulino WASHINGTON (MaceNews) – The welcome way the latest Consumer Price Index came in below expectations Wednesday reinforced hopes the trajectory of high consumer inflation has finally improved. The July report’s headline number, the one that most influences inflation expectations, was unchanged, the lowest reading for any month […]
Analysis: Fed Officials Shift Messaging as Markets Swing
By Steven K. Beckner (MaceNews) – After the Federal Reserve’s policymaking Federal Open Market Committee raised short-term interest rates for a fourth straight meeting on July 27, Chairman Jerome Powell said that, henceforth, he and the FOMC intended to forego further “forward guidance” on the probable pace of rate hikes. Instead, he said, they would go “meeting by meeting” and assess the incoming data before deciding what the […]