FOMC Stays on Hold But Projects One More 2023 Funds Rate Hike

– Powell Says FOMC Prepared to Go Higher But Will ‘Proceed Carefully’ – Fed Officials Project Fewer Rate Cuts in 2024 Than Previously By Steven K. Beckner (MaceNews) – The Federal Reserve left short-term interest rates unchanged Wednesday but indicated that at least one additional rate hike is probable before the year is out. After […]

TRANSCRIPT: Fed’s Powell Answers Questions After FOMC Holds Rates Steady

WASHINGTON (MaceNews) – The following is a transcript of Federal Reserve Chair Jerome Powell’s news conference Wednesday following the meeting of the Federal Open Market Committee:  >> Good afternoon, everyone.  My colleagues and I remain squarely focused on our dual mandate to promote maximum.  Good afternoon, everyone.  My colleagues and I remain squarely focused on […]

FOMC Holds Steady as Expected; Hints at Higher for Longer

WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday issues a policy statement that contained no surprises, maintaining the federal funds rate at 5.25% to 5.5%. The central bank accompanied its statement with updated economic and fed funds rate projections that continue to see the inflation not regressing to the targeted 2% until 2026, meanwhile […]

White House and Other Schedules for Wednesday, Sept 20

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: COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULEFOR WEDNESDAY, SEPTEMBER 20, 2023  Wednesday, September 20, 2023 In the morning, the President will receive the President’s Daily Brief. […]

FOMC To Skip September but Hold Door Open To Future Rate Hikes

– Fed Faces Tricky Calculations, Choices as It Plots Policy Course By Steven K. Beckner (MaceNews) – As the Federal Reserve prepares for its sixth monetary policy meeting of 2023, the way forward for interest rates is hazy. It seems likely the Fed’s policymaking Federal Open Market Committee will raise the federal funds rate further […]

Bank of Canada Governor Macklem: Ready to Tighten Further If Needed as Inflation above 3% Still Too High for 2% Target

–Macklem: Too Early to Discuss Lowering Interest Rates–Macklem: Could Start Easing if Conditions Met but ‘We Are Not There Yet’–Macklem: Policy Decisions are Getting Difficult, Aware Canadians Feeling Pain of Higher Rates By Max Sato (MaceNews) – Bank of Canada Governor Tiff Macklem said Thursday that the bank’s policymakers are prepared to raise interest rates […]

White House and Other Schedules for Thursday, Sept 7

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 AND PRESS SCHEDULE FORTHURSDAY, SEPTEMBER 7, 2023 – MONDAY, SEPTEMBER 11, 2023  In the morning, the President will receive the President’s Daily […]

White House and Other Schedules for Wednesday, Sept 6

WASHINGTON (MaceNews) – The following are Wedesday’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, SEPTEMBER 6, 2023  In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]

Powell: Fed Ready to Raise Rates Further To Reduce Inflation To 2%

– Funds Rate Now ‘Restrictive’ But Unsure If It’s ‘Sufficiently Restrictive’ – FOMC Can Afford to Proceed ‘Carefully’ – Will Watch for Evidence of Progress on Inflation, Labor Market Tightness By Steven K. Beckner (MaceNews) – Federal Reserve Chair Jerome Powell expressed a mild, but clear bias toward additional monetary tightening in an anxiously awaited […]