FOMC MINUTES: MOST PARTICIPANTS WANTED TO TONE UP ASSET PURCHASES GUIDANCE
WASHINGTON (MaceNews) – The Federal Reserve’s top policymakers wanted to gear forward guidance more to explaining how asset purchases would remain calibrated to the state of the economy at their meeting at the beginning of the month, their minutes showed Wednesday. The suggestion for more definitive guidance, however, fell far short of expectations that the […]
FED’S BULLARD: MON POLICY ‘GREAT’ BUT CAN ‘REDOUBLE’ QE EFFORTS IF NEEDED
–Fed Established Expectations No Rate Hikes ‘For A Long Time” –Fed, Tsy Have Flexibility To Deal Wtih Renewed Financial Stress if Needed –Economy Holding Up; Expect Above Trend Growth Q4, 1st half –Pandemic Doesn’t Necessarily Impede Output, Employment By Steven K. Beckner (MaceNews) – St. Louis Federal Reserve Bank President James Bullard Tuesday spoke hopefully […]
NY FED’S WILLIAMS DOWNPLAYS MARKET TALK OF INFLATION RESURGENCE
By Laurie Laird LONDON (MaceNews) – A key U.S. rate setter Friday poured cold water on recent market chatter of an uptick in inflation, predicting a slowdown of the economic recovery which is likely to keep a lid on price pressures. Growth “in the fourth quarter and maybe into next year will slow somewhat,” said John […]
STATUS CHECK COMMENTARY- ONWARD TO THE BIDEN EITHER-OR PRESIDENCY
WASHINGTON (MaceNews) – The following is Monday’s status check of developments in the U.S. that can influence economic, health and political outcomes. First, everything is in the new context of Donald Trump not being Joe Biden’s problem any more. The angst of disappointment and the very emotional rejection of reality is not unexpected, surprising or […]
CLEVELAND FED’S MESTER: ECONOMY TO NEED CONTINUED MONETARY, FISCAL SUPPORT
–Fed Needs To Think About How Low Rates Affect Financial Risks By Steven K. Beckner (MaceNews) – Although the U.S. economy has been recovering “faster than anticipated,” the Federal Reserve still needs the assistance of fiscal policy in returning to full employment and a more acceptable inflation pace, Cleveland Federal Reserve Bank President Loretta Mester […]
STATUS CHECK – STILL COUNTING, FUMING AND SUING
WASHINGTON (MaceNews) – The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes. Peace, harmony and finally a resolution to a hard-fought campaign? Of course not. This is 2020. Thursday night and key states still too close to call, with Joe Biden’s lead in Arizona diminishing […]
FED’S POWELL ACKNOWLEDGES SLOWDOWN, NEED FOR STIMULUS
By Denny Gulino WASHINGTON (MaceNews) – Federal Reserve Chair Jay Powell was as low key as possible in answering questions about the latest policy meeting as vote counts are deciding the next president but he did drop a hint that the asset purchase program may be in for some innovation. “The recent rise in new […]
FOMC POLICY STATEMENT AS IS
WASHINGTON (MaceNews) – The following is the Federal Open Market Committee policy statement issued Thursday, which added nothing to the previous stand-still statement: The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. The COVID-19 […]
STATUS CHECK – FROM THE SEAT OF POWER, POWERLESSNESS AS VOTES TOTALED
WASHINGTON (MaceNews) – The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. The networks plodded on Wednesday night, with nothing much new to report, as talking heads artfully kept the ball rolling, even if it was in circles, waiting. President Trump was watching, likely clicking […]
STATUS CHECK – ‘WE’RE GOING TO WIN’ THEY BOTH SAID
WASHINGTON (MaceNews) – The following is Tuesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · The election is far from decided at this midnight hour but it’s clear the blue wave was a fantasy, that the race turned out to be very tight with most states that […]