Tuesday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Tuesday’s public schedules for President Biden, the Treasury, the State Department, the Capitol and for upcoming economic data and Federal Reserve events: The White House COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FORTUESDAY, JUNE 15 – WEDNESDAY, JUNE 16, 2021 Tuesday, June 15, 2021 The President will meet with His […]
Monday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Monday’s public schedules for the White House, Treasury, the State Department, the Capitol and for upcoming economic data and Federal Reserve events: The White House COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FORMONDAY, JUNE 14 – WEDNESDAY, JUNE 16, 2021Monday, June 14, 2021 In the morning, the President will receive the […]
US Data Preview Commentary: Retail Sales, PPI, Hsing Starts, FOMC, New ‘Dot Plot’
WASHINGTON (MacNews) – The explosive snapback of consumer demand, company supply-chain and delivery workarounds and inventory reloading won’t be reflected nearly to the phenomenon’s full extent in Tuesday’s May retail sales report. Just as goods and services productivity being supercharged by firms compensating for the post-pandemic jamming of the economy won’t show up in quarterly […]
FOMC May Boost ON RRP, IOER While Leaving Monetary Policy Unchanged
By Steven K. Beckner (MaceNews) – Although monetary policy itself is highly unlikely to change next week, there’s a good chance the Federal Reserve’s policy making Federal Open Market Committee will decide to adjust the administered rates its uses to implement policy. To maintain control of the federal funds rate, the FOMC seems likely to […]
FOMC Seems Ready To Tip Toe Toward Tapering At Mid-June Meeting
–Powell Could Signal Consideration of Less Bond Buying Is Coming By Steven K. Beckner (MaceNews) – Movement away from the most aggressively expansionary monetary policy in the Federal Reserve’s history may seem glacial, but it is not imperceptible. It seems clear, as the mid-June Federal Open Market Committee meeting approaches, that a shift in sentiment […]
Fed’s Beige Book Sees ‘Somewhat Faster Rate’ of Activity, With Higher Prices, Disruptions Offset Somewhat by High Demand
WASHINGTON (MaceNews) – The Federal Reserve’s Beige Book survey of economic conditions coast to coast, prepared for the mid-June FOMC meeting, Wednesday reflected faster growth, higher prices, supply disruptions and firms struggling to cope while benefiting from strong demand coupled with inadequate hiring candidates. The survey, prepared by the Cleveland Federal Reserve Bank up to […]
Fed’s Quarles: Inflation Rise ‘Sufficient’ To Start Thinking About Tapering ‘Soon’
– But Says Fed Can Afford To Be ‘Patient’ About Firming Monetary Policy By Steven K. Beckner (MaceNews) – The Federal Reserve is getting closer to a time when it will need to consider scaling back its asset purchases, now that it has gotten “sufficient” evidence of rising inflation, Fed Vice Chairman for Supervision Randal Quarles said Wednesday. Quarles also suggested the […]
Friday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Friday’s public schedules for the White House, Treasury, the State Department, the Capitol and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORFRIDAY, MAY 21, 2021 In the morning, the President will receive the President’s Daily Brief in the Oval Office. […]
FOMC Minutes Underline Stand-Still Stance With Promise of Ample Advance Notice of Tapering
WASHINGTON (MaceNews) – The minutes of last month’s Federal Open Market Committee meeting Wednesday repeated the emphasis on eventual ample advance notice of any tapering, and did not go as far as a couple of district bank presidents have since in suggesting the time is near to think about thinking about such a policy move. […]
US Data Preview: Housing Starts, FOMC Minutes, Existing Home Sales
WASHINGTON (MaceNews) – A relatively quiet week on the economic data front in the coming week, with the FOMC minutes replay machine giving us the origin story of all the FedSpeak we’ve been hearing again, and again, and … The end-of-week victory for “transitory” was the most notable development looking backwards. The prophets of accelerating […]