Category: Central Banks

Bank of England Lifts Rates by 50 Basis Points Despite Looming Recession

–Governor Andrew Bailey Vows to Tame Inflation Despite Economic Cost By Laurie Laird LONDON (MaceNews) – The Bank of England lifted its benchmark rate by 50 basis points on Thursday – the biggest rise in 27 years – despite warning of recession later this year. That takes the Bank Rate to 1.75%, the highest since […]

White House and Other Schedules for Thursday, Aug 4

WASHINGTON (MaceNews) – The following are Thursday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events:    DAILY GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, AUGUST 4, 2022 In the morning, the President will receive the President’s Daily Brief virtually. This meeting will be closed press. In the […]

Fed’s Barkin Asserts Fed Commitment To Lowering Inflation Even It Means Recession

Fed Will ‘Do What It Takes’ By Steven K. Beckner (MaceNews) – Richmond Federal Reserve Bank President Thomas Barkin said Wednesday the Fed is determined to beat down inflation – even it means recession. Barkin gave no indications of how much more monetary tightening he thinks will be needed to bring inflation down to the […]

UPDATE-ISM: US July Service Sector Growth Picks Up on New Orders Despite Labor Shortages, High Costs 

–Price Index Falls for Third Month; ‘Inflation is Peaking’–ISM’s Nieves: Fed Not Overtightening, Market Reaction Favorable to Latest Hike–ISM’s Nieves: Services Sector Expects Continued Growth in 2022 on Pent-Up Demand–ISM: Supply Chain Constraints Keeping Firms from Replenishing Inventories–ISM: Employment Remains in Contraction Mainly Due to Limited Labor Pool By Max Sato (MaceNews) – U.S. service […]

White House and Other Schedules for Wednesday, Aug 3

WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events:    DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, AUGUST 3, 2022 In the morning, the President will receive the President’s Daily Brief virtually. This meeting will be closed press. In the […]

White House and Other Schedules for Tuesday, Aug 2

WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events:    DAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, AUGUST 2, 2022In the morning, the President will receive the President’s Daily Brief virtually. This meeting will be closed press. In the afternoon, […]

White House and Other Schedules for Monday, Aug 1

WASHINGTON (MaceNews) – The following are Monday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events:    DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, AUGUST 1, 2022In the morning, the President will receive the President’s Daily Brief virtually. This meeting will be closed press. In-Town Pool Wires: […]

White House and Other Schedules for Saturday and Sunday

WASHINGTON (MaceNews) – The following are Saturday and Sunday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events:    WEEKEND GUIDANCE AND PRESS SCHEDULE FORSATURDAY, JULY 30, 2022 AND SUNDAY, JULY 31, 2022 On Saturday, the President has no public events scheduled. On Sunday, the […]

White House and Other Schedules for Friday, July 29

WASHINGTON (MaceNews) – The following are Friday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events:    DAILY GUIDANCE AND PRESS SCHEDULE FORFRIDAY, JULY 29, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In-Town Pool Wires: […]