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 […]
NY Fed’s Williams: 2021 Taper ‘Could Be Appropriate,’ But Must Assess Data
– Fed Progress Goal Met For Inflation, But Not for Employment – Very Good Progress Made On Jobs, But Wants To See More – MBS, Treasury Purchases Complementary; ‘Working Side By Side Together’ – Timing of Liftoff Doesn’t Depend on Timing of Tapering By Steven K. Beckner (MaceNews) – New York Federal Reserve Bank President […]
Fed’s Beige Book: Economy Weighed by Delta Variant with Growth ‘Downshifted’
WASHINGTON (MaceNews) – The Federal Reserve’s survey of economic conditions nationwide Wednesday found the economy “downshifted slightly” during the summer as the Delta variant hurt restaurants, tourism and travel while supply disruptions, labor shortages and semiconductor shortages added to the slowing. The survey of the 12 regional Fed districts was conducted through Aug. 30 and […]
Canada’s Central Bank Keeps Easing Stance To Support Pandemic-Hit Economy
By Max Sato (MaceNews) – Bank of Canada policy-makers are sticking to their stance to take their time unwinding quantitative easing amid growing uncertainty over global and domestic economic recovery. The bank’s Governing Council announced Wednesday that it is holding the target for overnight lending rates at 0.25% and maintaining the pace of weekly asset […]
Wednesday Washington Schedules from MaceNews
The White House DAILY GUIDANCE AND PRESS SCHEDULE FOR WEDNESDAY, SEPTEMBER 8, 2021 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. After, the President will deliver remarks in honor of labor unions in the East Room. […]
Tuesday 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 7, 2021 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Then, the […]
Monday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Monday’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 FORMONDAY, SEPTEMBER 6 In the evening, the President will return to the White House from Wilmington, Delaware. The departure from Delaware Air […]