Bank of Canada Jacks Up Rate by 100 Bps to 2.5% as Bank ‘Front-loads’ Rate Hikes
–BOC: Interest Rates Need to Rise Further, Pace Up to Economic Assessment –BOC: Canadian Economy in Excess Demand, Inflation High and Broad –BOC Revises Up CPI Forecasts for Next Few Years, Sees Slower GDP Growth By Max Sato (MaceNews) – The Bank of Canada on Wednesday surprised the markets by jacking up its policy interest […]
White House and Other Schedules for Wednesday, July 13
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: COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FOR ISRAEL AND THE WEST BANK Wednesday, July 13, 2022 In the afternoon, the President will arrive in Tel Aviv, Israel […]
White House and Other Schedules for Tuesday, July 12
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 12, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Then, the President […]
Japan June Producer Inflation Eases Slightly on Slower Lumber, Steel Gains; Fuels Pick Up Again
By Max Sato (MaceNews) – Producer inflation in Japan eased slightly in June after hitting a 41-year high in April as year-on-year gains in the costs for lumber and wood products as well as iron and steel slowed, while the prices of gasoline and other fuels picked up the pace of increase again, data released […]
Fed’s George: Fed Must ‘Act Decisively’ Vs. Inflation, But Not Too Fast
– Case for Tightening ‘Clear-Cut’ But Speed ‘An Open Question’ – Hiking Rates Too Fast Could Create ‘Strains,’ Increase Recession Risks – Warns of Inverting Yield Curve, Upsetting Markets While Shrinking Balance Sheet – Urges More ‘Steady’ And ‘Predictable’ Rate Hikes By Steven K. Beckner (MaceNews) – Kansas City Federal Reserve Bank President Esther George […]
White House and Other Schedules for Monday, July 11
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 11, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. After, the President […]
Analysis: After Abe’s Death, PM Kishida Still Has to Show How His New Capitalism Works for Japan
By Max Sato (MaceNews) – After Friday’s assassination of Shinzo Abe, architect of the reflationary economic policy mix dubbed Abenomics, Prime Minister Fumio Kishida has yet to show whether his “new capitalism” is a better alternative in revitalizing Japan. During the ruling party leadership election campaign last year, Kishida floated the idea of shifting from […]
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: WEEKEND GUIDANCE AND PRESS SCHEDULE FORSATURDAY, JULY 9, 2022 AND SUNDAY, JULY 10, 2022 On Saturday, the President has no public events scheduled. On Sunday, the President and the […]
BOI’s Visco: Second Rate Hike in September ‘Appropriate’ if Long-Term Inflation Forecasts Do Not Improve
ROME (MaceNews) – Bank of Italy Governor Ignazio Visco said on Friday that a second rate hike in September by the European Central Bank could be “appropriate” if long-term inflation forecasts do not improve. Talking at Italy’s annual banking lobby ABI conference, Visco argued, however, that monetary policy normalization, particularly including any additional rate hikes […]
White House and Other Schedules for Friday, July 8
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 8, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. After, the President […]