<strong>FOMC Lifts Funds Rate 25 BP; ‘Additional Policy Firming May Be Appropriate’</strong>
– FOMC Participants Leave Median Projected Rate for End of 2023 at 5.1% – Powell Sees Bank Credit Tightening ‘Substituting’ For Some Fed Rate Hikes – Powell: 2023 Rate Cuts ‘Not in Our Baseline’; Will Tighten More If Needed: By Steven K. Beckner (MaceNews) – Pulling its monetary punches in the wake of unanticipated financial […]
FOMC Statement and TRANSCRIPT of Fed’s Powell Post-FOMC Q&A
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday raised the federal funds rate by a quarter point while FOMC participants projected this year will end with that rate at a median of 5.1%. The FOMC policy statement and the transcript of the subsequent news conference held by Fed Chair Jerome Powell follow: FOMC POLICY […]
<strong>White House and Other Schedules for Wednesday, March 22</strong>
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, MARCH 22, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]
BofA Global Research Fund Manager Survey: Global Investors’ Attitude Towards Risk Worsens in March on Surging Credit/Counterparty Risk
By Vicki Schmelzer NEW YORK (MaceNews) – Global investors’ attitude towards risk worsened in March with negative sentiment driven by surging credit and counterparty risk, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. Shifting risk views led to a marked uptick in recession and growth concerns, but little change […]
<strong>White House and Other Schedules for Tuesday, March 21</strong>
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, MARCH 21, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]
Italy Aims to Boost Share of Debt Held by Domestic Retail Investors, Keeps Dollar Debt Issuance on Hold, Government Sources Say
By Silvia Marchetti ROME (MaceNews) – Italy’s nationalist government plans to increase the share of public debt held by domestic retail investors as it looks to offset fading European Central Bank purchases and as dollar-denominated debt issuance remains on hold, according to ruling coalition sources. “The goal is to nationalize as much as possible our […]
<strong>White House and Other Schedules for Monday, March 20</strong>
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 FOR MONDAY, MARCH 20, 2023 In the morning, the President will receive the President’s Daily Brief. The Vice President will attend. […]
BOJ March Meeting Summary: Continue Easing to Support Stable 2% inflation, Sustained Wage Growth
By Max Sato –Board Members Also Note Side-Effects of Easing on Market Functioning–Summary Shows No Specific Debate on How BOJ Should Prepare for Eventual Exit (MaceNews) – Bank of Japan board members agreed that large-scale monetary easing should continue to support structural reforms toward sustained wage growth as the bank inches closer to achieving its […]
Major Central Banks to Boost Dollar Liquidity to Calm Market Jitters over Bank Failures
By Max Sato (MaceNews) – Six major central banks said on early Monday Tokyo time that they are enhancing their joint efforts to provide ample funds to the financial markets under the scheme launched in 2009 in the aftermath of a global credit crunch, as investor concerns are growing over the health of financial institutions […]
<strong>White House and Other Schedules for Friday, March 17</strong>
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, MARCH 17, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]