Fed Officials Pointing Toward Additional Interest Rates Hikes to Beat Inflation
By Steven K. Beckner (MaceNews) – Although the Federal Reserve declined to raise interest rates last week, a number of Fed officials have indicated a willingness to do so before year’s end. With an abundance of price, job and other economic data scheduled for release by the Dec. 8-9 meeting of the Federal Reserve’s policymaking […]
Japan Weeks Ahead: BOJ Has Cleared First Major Goal of Lifting Near Zero Inflation to around 2% But Still Needs to Anchor Price Rises amid Upward Pressure from High Energy, Import Costs
–Q3 GDP Forecast to Be Nearly Flat with Slight Growth as Bad Weather Dampened Consumer Spending, Net Exports Likely Posted Technical Slip After Q2 Import Plunge By Max Sato (MaceNews) – Bank of Japan policymakers have declared that the bank’s goal set more than a decade ago to lift near zero inflation to a stable […]
Fed Chair Warsh Announces One Less FOMC Vote On Rates Next Year; Otherwise ‘Uncertainty’
By Denny Gulino WASHINGTON (MaceNews) – While continuing to abstain from forward guidance, Federal Reserve Chair Kevin Warsh did drop some news on the markets after the Open Market Committee held tight on rates as expected. saying next year there will be one fewer FOMC rate setting sessions. Devoting one FOMC meeting, he said, “for […]
FOMC Holds Tight as Expected Prior to Mid-Term Elections; Two Dissents in Favor of Rate Hike
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday confirmed expectations for no change in the 3.75% to 4% federal funds rate, with two voters registering dissents in favor of a quarter point rate hike. The policy statement follows: The Federal Open Market Committee approved the following statement for release by a 10 – 2 […]
Japan Week Ahead: BOJ Set to Leave Policy Rate at 1.25% as Its Mission Shifts from Normalizing Super-Low Rates to Keeping Underlying Inflation from Overshooting 2% Target
–October Tokyo CPI Inflation Expected to Remain Close to 3% as Metropolitan Government’s Summer Water Subsidies End, Base Effect of Free Daycare Servies Wanes –September Factory Output Seen Posting Modest Rebound on Global AI Projects, Auto Recovery; Retail Sales Boosted by Cooler Weather, Holiday Streak By Max Sato (MaceNews) – Bank of Japan Governor […]
Warsh Reaffirms ‘Will Deliver Price Stability;’ Cagey On Fed’s Next Move
– Won’t Prejudge Outcome Of Late October FOMC Meeting – ‘Discouraging’ Inflation Reports Change Some Attitudes Toward Tightening By Steven K. Beckner (MaceNews) – Federal Reserve Chairman Kevin Warsh reaffirmed the Fed’s commitment to “deliver price stability” late Thursday in Bangkok, but refused to give any guidance as to what further actions he and his […]
Japan Week Ahead: BOJ Policymakers to Digest More Q3 Data Before Their Oct. 29-30 Meeting; Board Widely Expected to Hold Rates Steady Until December or January
–September Producer Inflation Forecast to Remain Elevated Above 7%, August Machinery Orders Expected to Rebound amid Solid Capex Demand By Max Sato (MaceNews) – Ahead of their Oct. 29-30 meeting, Bank of Japan policymakers will get to see more data for the third quarter that is set to show resilient exports and elevated costs for […]
Fed Officials Moving Toward Higher Interest Rates but Not Necessarily Soon
– Waller: FOMC Has ‘Flexibility’; No Need To Hike at Consecutive Meetings – Musalem: Rates Need to Go Higher to Curb Inflation ‘In Timely Manner’ By Steven K. Beckner (MaceNews) – Federal Reserve officials have continued this week to lean decidedly toward further tightening of U.S. monetary policy but have given themselves leeway as to […]
UPDATE – Fed Officials Stay Focused On ‘Too High’ Inflation Despite Encouraging PCE Data
– Jefferson: Inflation Risk To Upside; Worried People Will Stop Believing Fed 2% Goal – Collins: Some ‘Promising’ Inflation Signs; Others Less Promising; Still Upside Risks – Kashkari Downplays PCE Report As Just “A Snapshot’; Foresees More Rate Hikes – Cook: Inflation ‘Too High For Too Long’; Labor Market Can Handle Tightening By Steven K. […]
Japan Week Ahead: Tokyo CPI Data Expected to See Signs of Growing Upside Risks to Inflation, AI Projects Boon for Factory Output but Damper for Consumers
–BOJ Tankan Survey to Show AI Boom Lifting Manufacturer Sentiment, High Costs Making Services Sector Slightly Less Confident By Max Sato (MaceNews) – Behind the Bank of Japan’s accelerated pace of interest rate increases this month were creeping upside risks to inflation as the lingering Iran war and the stubbornly weak yen threaten to keep […]