Fed’s Williams to Reporters: Need More Data on Jobs, Inflation Before Deciding on Taper
By Steven K. Beckner (MaceNews) – New York Federal Reserve Bank President John Williams was vague Monday about when he thinks the Fed should start scaling back its asset purchases, but suggested he is no hurry. Williams said he needs to see a lot more data on both employment and inflation before coming to a conclusion […]
FOMC Minutes: Tapering Parameters Much Discussed But Action Awaits More Data, Time
WASHINGTON (MaceNews) – The Federal Open Market mid-June meeting minutes released Wednesday afternoon highlighted the discussions around tapering to a greater degree than indicated by Fed Chair Jay Powell’s news conference and subsequent Fedspeak, yet made clear the fog of uncertainty is not expected to suggest any action until more time has produced more data. […]
Wednesday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, the State Department, the Capitol and for upcoming Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, JULY 7, 2021 In the morning, the President will convene key leaders across the interagency to discuss the Biden-Harris Administration’s overall strategic […]
US Data Preview Commentary: Markit/ISM Services, FOMC Minutes, Jobless Benefits, JOLTS
WASHINGTON (MaceNews) – Half of the year over and the data mavens mostly take a week off. The FOMC minutes on Wednesday won’t contain any surprises, with all the iterations of possible policy musings exhaustively weighed in Federal Reserve Chair Jay Powell’s news conference and in the more than ample Fedspeak since. The payrolls report […]
Monday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Monday’s schedules for the White House, Treasury Department, the State Department, the Capitol and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, JUNE 28, 2021 In the morning, the President will receive the President’s Daily Brief in the Oval Office. […]
US Data Preview Commentary: Jobs Rpt, ISM/Markit, Consumer Confidence and ‘The Ministry of the Future’
WASHINGTON (MaceNews) – The jobs report snapshot was taken in a week this month when the weekly jobless benefit claims disappointed by bouncing above the previous three weeks. If the monthly report from the Bureau of Labor Statistics is disappointing as well Friday, it will likely not change the views of Federal Open Market participants. […]
San Fran Fed’s Daly: Time To Talk About Taper But May Not Come Til ‘22
‘Substantial Further Progress Within Our Sight’; Timing Uncertain May Reach Substantial Further Progress Sooner Than She Thought In Jan. Wants More Clarity on Economy’s Path; Looking Toward Fall Taper Announcement Could Come ‘Late This Year’ Or Early 2022 FOMC Will Be Talking About Mix of MBS vs. Treasury purchases By Steven K. Beckner (MaceNews) – […]
NY Fed’s Williams: FOMC To Be ‘Very Engaged’ In Talking About Tapering
–Substantial Further Progress ‘Quite a Ways Off’ but Progress Made for Sure By Steven K. Beckner (MaceNews) – New York Federal Reserve Bank President John Williams Monday reaffirmed Chairman Jerome Powell’s signal that Fed policymakers will be starting to consider a reduction in asset purchases at future Federal Open Market Committee meetings. The discussions will […]
US Data Preview Commentary: Personal Income, Existing/New-Home Sales, Durables and the Downside to ‘Transitory’
WASHINGTON (MaceNews) – Beware what look like quiet weeks ahead, like the upcoming week when the Earth’s northern pole tilts to the max toward the sun. The summer solstice means that after 3:32 Monday morning the days start getting shorter in our hemisphere and the diminishing daylight is appropriate for a time of what seems […]
Fed’s Powell Signals Serious Discussion of Tapering To Begin At Coming FOMC Meetings
— Sharp Upward Revisions of Funds Rate Projections Reinforces Message By Steven K. Beckner (MaceNews) – Federal Reserve Chairman Jerome Powell gave the first indication he is ready to contemplate lessening monetary accommodation, even as he and his fellow policymakers left in place the most aggressively easy monetary stance in its history Wednesday. Though not […]