Monday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Monday’s schedule for the White House, Treasury, the Capitol and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, MARCH 22, 2021In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval Office. This […]
US Data Preview: Stimulus Ebullience Vs. Virus Resurgence Fear
WASHINGTON (MaceNews) – Is anyone watching economic data in the week ahead, when there are least 12 Fedspeak appearances, a restless 10-year yield, the background threat of a wider Covid-19 surge? Sure, we all have to take durable goods orders (Wednesday) and new home sales (Tuesday) and personal income (Friday) into account, even if it’s […]
Analysis: Fed Gets Ready for Cash Influx By Expanding Overnight Repo Facility Limits
By Steven K. Beckner (MaceNews) – A less noticed, but still potentially important, outcome of the March 16-17 Federal Open Market Committee meeting was an operational change in the Fed’s Overnight Reverse Repurchase Agreement Facility (ON RRP). Though largely dormant for the moment, the change could have a significant impact down the road as Fed […]
FOMC Keeps Monetary Policy Loose; Powell Signals It will Remain So
By Steven K. Beckner (MaceNews) – Federal Reserve policy-makers voted Wednesday to maintain their super loose credit policies, and Chair Jerome Powell gave no hint the Fed will move to tighten its monetary stance any time soon. While joining his colleagues in expressing encouragement with the economy’s improved performance and optimism about the outlook, Powell […]
FOMC: Projections See Median Rate Hike Forecast Stable With Only Additional 2 ’23 Rate Hike Dots to Total 7
WASHINGTON (MaceNews) – The FOMC’s updated quarterly projections Wednesday saw a stable median with two more ’23 rate-hike dots, while repeating it aims for an inflation rate “moderately above” 2%. The following is the text of the policy statement: The Federal Reserve is committed to using its full range of tools to support the U.S. […]
Wednesday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Wednesday’s public schedules for the White House, Treasury, the Capitol and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, MARCH 17, 2021 In the morning, the President will attend a mass in honor of St. Patrick’s Day in Wilmington, Delaware. […]
Tuesday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Tuesday’s public schedules for the White House, Treasury, the Capitol and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, MARCH 16, 2021 In the morning, the President will receive the President’s Daily Brief in the Oval Office. This meeting will […]
MONDAY WASHINGTON SCHEDULES FROM MaceNews
WASHINGTON (MaceNews) – The following are are Monday’s schedules for the White House, Treasury, the Capitol and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, MARCH 15, 2021 In the morning, the President will receive the President’s Daily Brief in the Oval Office. This meeting will […]
US Data Preview: Rescue Plan Billions Transcend Data/FOMC
–Coming Up, Retail Sales, Housing Starts; FOMC, Leading Indicators WASHINGTON (MaceNews) – Let’s face it, far more significant than the upcoming week’s economic data and FOMC meeting – more than perhaps the entire year’s upcoming data and FOMC meetings – is that the government is beginning to dump American Rescue Plan billions – hundreds of […]
FOMC Preview: Fed Not Apt To Start Signaling Policy Shift at Mid-March FOMC Meeting
By Steven K. Beckner (MaceNews)– With each passing day, as the recovery continues (and as more Americans get vaccinated), we are getting closer to the time when the Federal Reserve starts tapping the brakes on its supercharged monetary race car. But that doesn’t mean it’s close, and it’s doubtful we will see any perceptible movement […]