Updated Sunday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Sunday’s updated schedules for the White House, Treasury, the State Department, the Capitol and for upcoming Federal Reserve events: The White House UPDATED: On Sunday, the President will meet with his national security team to hear intelligence, security, and diplomatic updates on the evolving situation in Afghanistan. This meeting in […]
FOMC Minutes Show Divisions On When To Start Tapering
–Some Favored Preparing To Taper ‘Relatively Soon;’ Others Counseled ‘Patience’ –Discussions Took Place Amid ‘Quite High’ Uncertainty Before Strong July Jobs Data By Steven K. Beckner (MaceNews) – Federal Reserve officials began to seriously consider when and how to reduce asset purchases at the July 27-28 meeting of the Fed’s policymaking Federal Open Market Committee, […]
The July FOMC Meeting Saw Divergent Views on Tapering Timing
WASHINGTON (MaceNews) – As described at the time by Federal Reserve Chair Jay Powell, the July 27-28 Federal Open Market Committee saw a variety of views about when to start the tapering progress, exhibiting considerably more caution than much of the subsequent Fedspeak advocating faster action, the minutes of the meeting suggested Wednesday. The section […]
BofA Global Research Fund Manager Survey: Prospects of Fed Taper, China Easing, Delta Variant Concerns Weigh on Growth Outlook
By Vicki Schmelzer NEW YORK (MaceNews) – Federal Reserve tapering prospects, potential People’s Bank of China easing and the fast-paced spread of the COVID-19 Delta variant weighed on the growth outlook in August, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. Even though world growth expectations slipped more markedly […]
Chicago Fed’s Evans: ‘We’re Well on Our Way’ Toward Tapering
– Taper Could Begin Early Next Year Following December Decision By Steven K. Beckner (MaceNews) – Chicago Federal Reserve Bank President Charles Evans sounded noticeably less reluctant to begin scaling back asset purchases Tuesday. Evans, talking to reporters via Webex, said the economy is “well on its way” to meeting the Fed’s employment and inflation […]
Monday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Monday’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 FORMONDAY, AUGUST 9, 2021 On Monday, the President will remain in Wilmington, Delaware. In the morning, the President will receive the President’s Daily […]
US Data Preview Commentary: CPI, PPI, UMich and Most Important and Least Regarded, Productivity
WASHINGTON (MaceNews) – It’s inflation week, with the CPI and the PPI on Wednesday and Thursday, reigniting the now sterile speculation about whether price pressures are transitory, when it’s more important for the same question to be applied to a quite different economic statistic, Tuesday’s report on productivity. Simply stated, productivity growth is what sustains […]
Fed’s Clarida Conditionally Points Toward Tapering Announcement ‘Later This Year’
–But Fed Vice Chairman Wants ‘Several Months’ of Labor Market Data By Steven K. Beckner (MaceNews) – Federal Reserve Vice Chairman Richard Clarida pointed toward a potential announcement of reduced asset purchases “later this year,” but said it will probably take “several months” to get a clear employment picture. Clarida was upbeat in a webinar […]
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 Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, JULY 29, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the […]
Fed’s Powell: Progress Made, But Economy Not Yet At ‘Substantial Further Progress’
–Little Support For Faster Reduction in MBS Purchases. By Steven K. Beckner (MaceNews) – Federal Reserve Chairman Jerome Powell continued Wednesday to set the stage for eventual reductions in the Fed’s large-scale asset purchases, and gave no clear signal as to when “tapering” could commence. For the time being, the policy making Federal Open Market […]