US Data Preview: Inflation Week – CPI/PPI and Credit Mkt Gonzo Watch
WASHINGTON (MaceNews) – Too bad that on the upcoming week’s schedule there’s not another Jay Powell “cross my heart and hope to die” pledge he’s NOT reconsidering policy any time soon, embracing “Op Twist” or otherwise dismantling the Federal Open Market Committee, triggering another jittery freak-out among non-believers. Failing that, the news watch will have […]
Thursday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Thursday’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 FORTHURSDAY, MARCH 4, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval […]
Fed’s Beige Book Survey Blurry, Sees Slow Improvement in Jobs; No Sharp Rebound
–Consumer Spending, Auto Sales ‘Mixed’ WASHINGTON (MaceNews) – The Federal Reserve’s Beige Book released Wednesday found nooks and crannies of subdued progress across the country but no sharp generalized rebound under way. “Economy activity expanded modestly” in the past six weeks, the Atlanta Fed said in characterizing the views of business executives even as economic […]
Chicago Fed’s Evans Sees Strong Economic Rebound in 2021
— Says Fed will continue to do asset purchases across the Treasury curve in current economic environment— Evans watching 10-year yield as an bellwether; accommodative monetary appropriate— Evans sees U.S. stimulus package as a positive, notes consumer spending strong— Says current unemployment rate masks those who cannot return to work, but still sees economy strongly […]
Germany’s Bundesbank Increases Risk Provisioning; Won’t Distribute Profit
ZURICH (MaceNews) – Germany’s Bundesbank, the nation’s central bank, won’t be distributing profits for the first time since 1979 as it increased its provisions for general risks by 2.4 billion euros to 18.8 billion. The Bank’s model-based assessment had “flagged a considerable increase in risks, with interest rate risk and default risk in the monetary […]
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 3, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval […]
SF Fed’s Daly: Yield Curve Control a Tool Fed Could Use If Needed; Must Choose Price or Quantity
By Steven K. Beckner (MaceNews) – San Francisco Federal Reserve Bank President Mary Daly said Tuesday that monetary policy is “in a good place” presently, but said the Fed could decide to extend the maturity of its asset purchases if necessary – for example if it decided that long-term interest rates were moving too high. […]
ECB Officials Hint At Easier Policy Stance In Face Of Rising Bond Yields
— Panetta, de Guindos suggest the PEPP envelope could be increased By Laurie Laird LONDON (MaceNews) – Leading European Central Bank officials expressed concern over the recent increase in sovereign bond yields, suggesting that the ECB is open to increasing its quantitative easing programme or even cutting interest rates to keep borrowing costs in check. […]
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: White HouseDAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, MARCH 2, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval Office. This […]
Saturday/Sunday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are the public schedules for the White House, Treasury, the Capitol and for upcoming economic data: WEEKEND GUIDANCE AND PRESS SCHEDULE FORSATURDAY, FEBRUARY 27, 2021 AND SUNDAY, FEBRUARY 28, 2021 On Saturday, the President will deliver remarks on the American Rescue Plan. This event will be pooled press. Later, the President […]