Bank of Canada’s Gravelle: Too Early to Discuss Normalizing High Rates as Inflation Remains Above Target
–BOC’s Gravelle: Quantitative Tightening Likely to End in late 2024 to Early 2025 By Max Sato (MaceNews) – It is too early to discuss normalizing the Bank of Canada’s high policy interest rate because consumer inflation at 5.2% remains well above its 2% target, although it has eased from its recent peak of 8.1% hit […]
<strong>White House and Other Schedules for Wednesday, March 29</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 29, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]
<strong>White House and Other Schedules for Tuesday, March 28</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 28, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]
<strong>White House and Other Schedules for Monday, March 27</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 27, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]
<strong>White House and Other Schedules for Friday, March 24</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: COMPREHENSIVE TRIP GUIDANCE FOR PRESIDENT BIDENFRIDAY, MARCH 24, 2023In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. After, […]
<strong>White House and Other Schedules for Thursday, March 23</strong>
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 FOR THRUSDAY, MARCH 23, 2023 – FRIDAY, MARCH 24, 2023 Thursday, March 23, 2023 In the morning, the President will receive the President’s Daily […]
<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 […]