BofA Global Research Fund Manager Survey: Global Investors Pare Risk Assets on Sharp Reassessment of Growth and Inflation Expectations
–Geopolitical Conflict Still Top Tail Risk By Vicki Schmelzer NEW YORK (MaceNews) – Global fund managers pared risk holdings in April, with the move driven by a sharp reassessment of growth and inflation expectations, according to the latest BofA Global Fund Managers survey, released Tuesday. This month, a net 36% of those polled looked for […]
Fed’s Jefferson: FOMC ‘Well-Positioned’ To Face Upside Inflation, Downside Job Risks
–– Williams: FOMC Is Now ‘Really Well-Positioned’ To ‘Wait and See’ — Goolsbee: Fed in ‘Very Uncomfortable Situation; Facing Danger of ‘Stagflation’ By Steven K. Beckner (MaceNews) – Federal Reserve Vice Chairman Phillip Jefferson said Tuesday evening that monetary policy is “well-positioned” in a war-influenced environment of both upside risks to inflation and downside risks […]
Japan Week Ahead: BOJ Branch Managers Update on Regional Economies at Quarterly Meeting Ahead of April 27-28 Policy Decision
–February Household Spending Seen Sluggish amid Falling Real Wages; March Producer Inflation to Tick Up on Higher Energy Costs By Max Sato (MaceNews) – Here are the key Japanese events for the coming week in the new fiscal year that began on April 1. Bank of Japan branch managers will provide their latest assessments of […]
Powell: Fed ‘In Good Place To Wait And See’ How Iran War Affects U.S. Economy
– War Exerts “Upside Risks’ On Inflation, ‘Downside Risks’ On Employment – Must Be ‘Mindful’ To Keep Inflation Expectations ‘Anchored’ By Steven K. Beckner (MaceNews) – Federal Reserve Chair Jerome Powell gave no indication Monday of when or how the Fed might adjust short-term interest rates, saying monetary policy is “in a good place to […]
Fed Vice Chair Jefferson, Others Call For Stand Pat Rate Stance Amid War Worries
By Steven K. Beckner (MaceNews) – Just over a week after the Federal Reserve’s policymaking Federal Open Market Committee left short-term interest rates unchanged, majority thinking on the course of monetary policy is little changed, judging from Fed policymakers’ recent comments. Fed Vice Chairman Phillip Jefferson and other members of the Fed Board of Governors […]
FOMC Leaves Funds Rate Unchanged in 3.50-3.75% Target Range
– Participants Project one 25 BP Rate Cut to 3.25-3.50% By End Of 2026 – Gov. Miran Only Dissent; Favored 25 BP Rate Cut – FOMC: Economic ‘Implications of Developments in Middle East…Uncertain’ – Participants Revise ‘Longer Run” (Neutral) Funds Rate From 3.0% to 3.1% – Powell: Must ‘Wait and See’ War Impact; Balance Upside […]
TRANSCRIPT: Fed’s Powell: Outlook Highly Uncertain for Effect of Higher Gasoline Prices on Consumption
WASHINGTON (MaceNews) – The following is a rough transcript of Federal Reserve Chair Jerome Powell’s post Federal Open Market Committee news conference Wednesday: Powell>> Good afternoon, my colleagues and I remain squarely focused on achieving our dual mand goals for the maximum employment for the benefit of the U.S. people. The employment is stable and […]
FOMC Holds Rates Steady As Expected; Says Iran War Implications ”Uncertain’
WASHINGTON (MaceNews) – The Federal Open Market Committee’s abbreviated policy statement Wednesday made minimal changes to projections for the future while saying simply at the implications of the Iran war are “uncertain.” The text of the statement follows: Available indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained […]
Japan Week Ahead: BOJ Set to Hold Policy Rate amid Uncertainty over Mideast War’s Impact on Inflation, Growth; PM Takaischi Pushing for Swift Budget Approval
–Board Expected to Repeat BOJ Needs to Raise Rates Further After December Hike, 4th in Normalization Process That Ueda Launched in March 2024 By Max Sato (MaceNews) – Here are the key Japanese events for the coming week. The government is pushing its record-high annual budget through the Diet to keep the economy afloat while […]
Fed Officials Still Lean Against Near-Term Rate Cuts Despite Job Losses…
By Steven K. Beckner (MaceNews) – Until very recently, it had become all but a foregone conclusion that the Federal Reserve would leave short-term interest rates unchanged at its mid-March meeting, and even beyond that there was little indication of a consensus for the resumption of rate cuts until later in the year. In the […]