US Data Preview Commentary: 2Q GDP/Personal Income; FOMC/Powell; New Home Sales and … Evictions
WASHINGTON (MaceNews) –A week ahead with a soaring GDP, strong income, maybe some more records for stocks, all in all a super summer under way with only a few negatives, like a pending wave of evictions, a raging virus, accelerating inflation and deep and sometimes paralyzing ideological fissures. For the time being, no one is […]
Saturday/Sunday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are the schedules for Saturday and Sunday for the White House, Treasury, the State Department, the Capitol and for upcoming Federal Reserve events: The White House WEEKEND GUIDANCE AND PRESS SCHEDULE FORSATURDAY, JULY 24, 2021 AND SUNDAY, JULY 25, 2021 On Saturday, the President has no public events scheduled. On […]
FOMC Mainstream Seems In No Hurry To Taper As Late July Meeting Nears
By Steven K. Beckner (MaceNews) – Having started “talking about talking about” scaling back asset purchases at their mid-June Federal Open Market Committee meeting, Federal Reserve policymakers will presumably begin really “talking about” “tapering at the July 27-28 FOMC meeting. The timing of actual reductions in bond buying, however, remains very much in doubt, although […]
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) – […]