BOJ Kuroda Repeats No Plans for Rate Hike, Rapid Yen Drop Undesirable
By Max Sato (MaceNews) – Bank of Japan Governor Haruhiko Kuroda made it clear once again that the bank’s policymakers are “not considering raising interest rates at all” given their latest outlook that domestic inflation is unlikely to be anchored around its 2% target in the next few years. He told a post-meeting news conference […]
ECB Raises Key Rates by 50 Basis Points, Deviating from Forward Guidance
–Approval of Anti-Fragmentation Tool Allowed Front-Loaded Tightening, Says President Christine Lagarde –Lagarde does not provide forward guidance, says ECB data-dependent By Laurie Laird LONDON (MaceNews) – The European Central Bank raised interest rates by a much-higher than expected 50 basis points following its governing council meeting on Thursday, deviating from the carefully-worded forward guidance issued […]
BOJ Keeps Easing Stance; Revises Up CPI Forecast, Sees Slower FY22 GDP Growth
By Max Sato (MaceNews) – The Bank of Japan said Thursday it is maintaining its super-low interest rate targets along the yield curve and large asset purchases, as expected, to help the economy fully recover from the pandemic-caused slump and anchor inflation around its stable 2% target. To keep speculative market forces from pushing the […]
White House and Other Schedules for Wednesday, July 20
WASHINGTON (MaceNews) – The following are Wednesday 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, JULY 20, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. After, the […]
BofA Global Research Fund Manager Survey: Global Growth Optimism at All-Time Low
— Cash Levels ‘Highest Since 9/11’ — Equity Allocation ‘Lowest Since Lehman’ By Vicki Schmelzer NEW YORK (MaceNews) – Optimism about global growth prospects fell to an all-time low in July, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. Investor cash levels are the “highest since 9/11” and equity […]
White House and Other Schedules for Tuesday, July 19
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, JULY 19, 2022 In the morning, the President and the Vice President will receive the President’s Daily Brief. This meeting in the […]
White House and Other Schedules for Monday, July 18
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, JULY 18, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In-Town Pool Wires: AP, […]
White House and Other Schedules for Saturday and Sunday
WASHINGTON (MaceNews) – The following are the weekend’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events: COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FOR ISRAEL, THE WEST BANK, AND SAUDI ARABIA Saturday, July 16, 2022 In the morning, the President will […]
White House and Other Schedules for Thursday, July 14
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: Thursday, July 14, 2022 In the morning, the President will participate in a bilateral meeting with Prime Minister Yair Lapid of Israel. This meeting will be […]
FED’S BEIGE BK: ‘CONCERNS OVER AN INCREASED RISK OF RECESSION’
WASHINGTON (MaceNews) – The normally bland Beige Book survey of economic activity coast-to-coast included some dark clouds of pessimism in its latest iteration Wednesday, seeing increased risks of recession and “growing signs of a slowdown in demand.” The survey, for review at the next Federal Open Market Committee meeting toward the end of the month, […]