BOJ Keeps Easing Stance to Pursue Stable 2% Inflation, Wage Growth; Repeats April Outlook for Modest Economic Recovery, Slower CPI in Fiscal 2023
–BOJ Repeats: To Patiently Continue with Easing while Nimbly Responding to Developments in Economic Activity, Prices, Financial Conditions –Ueda in May 19 Speech: Need to See Wage Hikes Spread to Smaller Firms; Will Take Some Time to Achieve 2% Inflation Target By Max Sato (MaceNews) – The Bank of Japan said Friday its policy board […]
White House and Other Schedules for Friday, June 16
WASHINGTON (MaceNews) – The following are Friday’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 SCHEDULE FOR FRIDAY, JUNE 16, 2023 In the morning, the President will receive the President’s Daily Briefing. This meeting will be closed press. […]
White House and Other Schedules for Thursday, June 15
WASHINGTON (MaceNews) – The following are Thursday’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 SCHEDULE FOR THURSDAY, JUNE 15, 2023 In the morning, the President will receive the President’s Daily Briefing. This meeting will be closed […]
FOMC Keeps 5-5.25% Funds Rate but Warns Hikes Will Resume If Inflation Disappoints
– Powell: Not Enough Progress on Core Inflation; ‘Have to Keep at It’ – Fed Will Do ‘Whatever It Takes’ To Reduce Inflation to 2% – FOMC Participants Revise Funds Rate Projections Higher: FFR Seen At 5.6% End 2023 By Steven K. Beckner (MaceNews) – Interrupting its long campaign of anti-inflationary monetary tightening measures, the […]
TRANSCRIPT: Federal Reserve Chair Jerome Powell’s Post-FOMC News Conference
WASHINGTON (MaceNews)- The following is the transcript of Federal Reserve Chair Jerome Powell’s news conference held after the Federal Open Market Committee meeting that concluded Wednesday: Since early last year, the FOMC has tightened the stance of monetary policy. We have raised our policy interest rate by five percentage points and continued to reduce our […]
FOMC Hints at Further Rate Hikes This Year While Holding Steady This Time
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday said it is “maintaining” its current rate stance to allow an assessment of “additional information” but quarterly “dot plot” projections suggested perhaps two more rate hikes this year and a terminal rate around 5.6%. The policy statement follows: Recent indicators suggest that economic activity has continued […]
White House and Other Schedules for Wednesday, June 14
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 SCHEDULE FOR WEDNESDAY, JUNE 14, 2023In the morning, the President will receive the President’s Daily Briefing. The Vice President will attend. This […]
BofA Global Research Fund Manager Survey: Global Investors Add To Equity Shorts, Pare Bonds and Cash Longs in June
— Investors Eye Improved World Growth Outlook, Fret ‘Big Tech’ Longs, AI/Tech Bubble By Vicki Schmelzer NEW YORK (MaceNews) –Global investors added to equity short positions and pared bond and cash long positions in June, with the latter driven by an improved world growth outlook, according to the findings of BofA Global Research’s monthly fund […]
White House and Other Schedules for Tuesday, June 13
WASHINGTON (MaceNews) – The following are Tuesday’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 SCHEDULE FOR TUESDAY, JUNE 13, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]
FOMC Faces Tough Choice of Policy Options: Hike, Skip or Pause
– At Issue: The Funds Rate May Be ‘Restrictive,’ But Is it ‘Sufficiently Restrictive‘? By Steven K. Beckner (MaceNews) – In the run up to the Federal Reserve’s mid-June monetary policy meeting we’ve been witnessing a kind of clinic on central bank communication or, some would say, miscommunication. With key data yet to arrive and […]