Fed’s Beige Bk Sees Tighter Credit, Little Change Otherwise
–Nine Districts Saw No Change or Slight Changges; Three Indicated ‘Modest Growth’ WASHINGTON (MaceNews) – The “Beige Book” survey of economic activity coast-to-coast Wednesday described a generally static picture with only three Districts suggesting modest growth while credit availability deteriorated, sometimes “sharply.” The survey, assembled by the Richmond Fed, saw consumer spending generally “flat to […]
White House and Other Schedules for Wednesday, April 19
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 FORWEDNESDAY, APRIL 19, 2023In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In the afternoon, […]
White House and Other Schedules for Tuesday, April 18
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: UPDATED DAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, APRIL 18, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting in the Oval Office will […]
White House and Other Schedules for Monday, April 17
WASHINGTON (MaceNews) – The following are Monday’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 FORMONDAY, APRIL 17, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In-Town Pool Wires: […]
Fed’s Waller: More Rate Hikes Needed but Bank Credit Tightening Will Help Curb Inflation
By Steven K. Beckner (MaceNews) – Federal Reserve Governor Christopher Waller said Friday that the Fed still needs to raise short-term interest rates further and leave them high for longer than many anticipate, but said tightening bank credit will likely lessen how much monetary policy will need to be tightened. Although headline inflation numbers have […]
White House and Other Schedules for Friday, April 14
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: COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FORFRIDAY, APRIL 14, 2023 – SATURDAY, APRIL 15, 2023 Friday, April 14, 2023 In the afternoon, the President will depart Dublin, […]
White House and Other Schedules for Thursday, April 13
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: COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, APRIL 13, 2023 – SATURDAY, APRIL 15, 2023 Thursday, April 13, 2023 In the morning, the President will meet with […]
FOMC Minutes Show Participants Chose Cautious Quarter-Point Hike Because of Then Fresh Banking Turmoil
WASHINGTON (MaceNews) – The latest Federal Open Market Committee meeting minutes, for the March 21-22 policy session, suggested that the absence of more banking turmoil at the next meeting could increase the odds of a half-point rate hike. The minutes released Wednesday “participants agreed that inflation was unacceptably high” but some of them, who favored […]
Bank of Canada Pauses for 2nd Time in a Row to Watch Effects of Past Tightening, Prepared to Hike Again If Needed
–BOC Governor Macklem: Governing Council Discussed Likelihood of Policy Rate Staying Restrictive for Longer –Macklem: Rate Cut Later This Year Expected in Markets ‘Doesn’t Look Like Most Likely Scenario’ –BOC: Canada’s Labor Market Remains Tight, Demand Still Exceeding Supply –BOC: Economy to Move into Excess Supply in 2nd Half of 2023 –BOC: CPI Inflation to […]
White House and Other Schedules for Wednesday, April 12
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: COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, APRIL 12, 2023 – SATURDAY, APRIL 15, 2023 Wednesday, April 12, 2023 In the morning, the President will meet with […]