FOMC: Tapering ‘May Soon Be Warranted’ If Progress Continues
Half of FOMC Participants Now See Funds Rate Hike By End 2022 Powell Says FOMC Could Announce Bond Buying Cuts At Nov. 2-3 Meeting Powell Says Inflation Test More Than Met; Employment Goal ‘All But Met’ By Steven K. Beckner (MaceNews) – The Federal Reserve took another incremental but very significant step toward making monetary […]
FOMC Policy Statement: Tapering ‘May Soon be Warranted’
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday put off any declarations on when it might begin the tapering process other than saying “it may soon be warranted.” Inflation? It’s still largely transitory.. The text of the statement follows: The Federal Reserve is committed to using its full range of tools to support the […]
BOJ Keeps Easing Stance, Sees Resilient Japan Economic Pickup Amid Pandemic
By Max Sato (MaceNews) – The Bank of Japan said Wednesday it is maintaining its stimulative policy, as expected, to support a gradual recovery from the pandemic-caused slump and continue its eight-year-old campaign to guide low inflation toward stable 2%. The central bank largely left its view on Japan’s resilient economic pickup amid the pandemic […]
Biden’s Fork in the Road on the Fed
WASHINGTON (MaceNews) – Federal Reserve Chairman,Jerome Powell’s term expires at the end of January 2022. Market watchers have been reading the tea leaves for signs of which direction the Biden Administration will take. The White House has four upcoming openings on the Fed. This gives President Biden the chance to make his mark on the […]
Eurozone Consumer Inflation Rose 3.0 Percent in August, Confirming Flash Estimate
ZURICH (MaceNews) – Inflation in the Eurozone rose to 3.0 percent in August, led by double-digitgrowth in energy costs, according to the latest report from Eurostat. Today’s result confirmed the flash estimate released previously and is faster than the 2.2 percentannual rate registered in July. Inflation has risen consistently over the past twelve months; a […]
Tuesday September 14 Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, the State Department, USTR, the Capitol and for upcoming Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, SEPTEMBER 14, 2021 In the morning, the President will travel to Denver, Colorado. The departure from Long Beach Airport will be open […]
Cleveland Fed’s Mester Expects Inflation To Dip Next Year But Sees Upside Risks
Sees ‘Transitory’ As ‘Less Useful’ Term To Describe Inflation Upsurge Calls For Clearer FOMC Communication on Inflation, Employment Goals By Steven K. Beckner (MaceNews) – Cleveland Federal Reserve Bank President Loretta Mester warned Friday that inflation could persist at higher levels next year and questioned the use of the term “transitory” to describe the current […]
BOC Chief: Uncertain How Long Canada’s ‘Transitory’ CPI Spike Lasts; Need Watch
— Macklem: After QE Tapering, Reinvestment, BOC Will Raise Rates — Macklem: Canada Q2 GDP Slump Caused by Supply Chain Disruptions — Macklem: Easing Global Supply Chain Constraints Could Take Time By Max Sato (MaceNews) – The Bank of Canada still considers the recent surge in domestic inflation a temporary phenomenon but it is uncertain […]
ECB To Decelerate QE Purchases; No Word on What Will Succeed Emergency Programme
By Laurie Laird LONDON (MaceNews) – The European Central Bank will decelerate the pace of asset purchases in the third quarter, as it presented upgraded forecasts for the next year, but provided no clue as to what will replace its emergency purchase programme which is due to end next year. “Based on a joint assessment […]
Thursday Washington Schedules from MaceNews
The White House DAILY GUIDANCE AND PRESS SCHEDULE FOR THURSDAY, SEPTEMBER 9 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In the evening, the President will deliver remarks on his robust plan to stop the spread of the Delta variant and boost COVID-19 vaccinations. These remarks […]