White House and Other Schedules for Wednesday, Nov 1
WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULEFOR WEDNESDAY, NOVEMBER 1, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting in the Oval Office […]
Officials Lean Toward A Skip At Nov. 1 FOMC but Door Open To More Rate Hikes
By Steven K. Beckner (MaceNews) – As the Federal Reserve’s penultimate monetary policy meeting of 2023 rapidly approached, Fed officials collectively leaned against another short-term interest rate hike, while expressing hope that rising long-term rates might substitute for Fed rate action. By no means, though, did they rule out additional monetary tightening to fight inflation, […]
Fed’s Beige Book Finds Stalled Economy, With Little Change and Modest Price Increases
WASHINGTON (MaceNews) – The string of typical assessments of modest to moderate expansion for the Federal Reserve’s Beige Book survey of coast-to-cast economic conditions came to an end Wednesday with a new finding of “little to no change” while a less tight labor market generated less ebullient wage growth. The report to be reviewed in […]
White House and Other Schedules for Wednesday, Oct 18
WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FOR WEDNESDAY, OCTOBER 18, 2023 Wednesday, October 18, 2022 The President will arrive in Israel. The arrival in Israel will […]
Fed Vice-Chair Jefferson: Inflation Too High but Fed ‘Should Proceed Carefully’
– Jefferson: Must Be Mindful of Downside Risks; Tighter Financial Conditions – Dallas Fed’s Logan: Must Stay Restrictive to Cut Inflation ‘In Timely Way’ By Steven K. Beckner (MaceNews) – Federal Reserve Vice Chair Phillip Jefferson declined Monday to conclude that the Fed has raised interest rates enough but said it should be careful to […]
FOMC Stays on Hold But Projects One More 2023 Funds Rate Hike
– Powell Says FOMC Prepared to Go Higher But Will ‘Proceed Carefully’ – Fed Officials Project Fewer Rate Cuts in 2024 Than Previously By Steven K. Beckner (MaceNews) – The Federal Reserve left short-term interest rates unchanged Wednesday but indicated that at least one additional rate hike is probable before the year is out. After […]
TRANSCRIPT: Fed’s Powell Answers Questions After FOMC Holds Rates Steady
WASHINGTON (MaceNews) – The following is a transcript of Federal Reserve Chair Jerome Powell’s news conference Wednesday following the meeting of the Federal Open Market Committee: >> Good afternoon, everyone. My colleagues and I remain squarely focused on our dual mandate to promote maximum. Good afternoon, everyone. My colleagues and I remain squarely focused on […]
FOMC Holds Steady as Expected; Hints at Higher for Longer
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday issues a policy statement that contained no surprises, maintaining the federal funds rate at 5.25% to 5.5%. The central bank accompanied its statement with updated economic and fed funds rate projections that continue to see the inflation not regressing to the targeted 2% until 2026, meanwhile […]
White House and Other Schedules for Wednesday, Sept 20
WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULEFOR WEDNESDAY, SEPTEMBER 20, 2023 Wednesday, September 20, 2023 In the morning, the President will receive the President’s Daily Brief. […]
FOMC To Skip September but Hold Door Open To Future Rate Hikes
– Fed Faces Tricky Calculations, Choices as It Plots Policy Course By Steven K. Beckner (MaceNews) – As the Federal Reserve prepares for its sixth monetary policy meeting of 2023, the way forward for interest rates is hazy. It seems likely the Fed’s policymaking Federal Open Market Committee will raise the federal funds rate further […]