Japan Govt Sticks to Modest Recovery Outlook as Exports Weather Trump Tariff Storms; BOJ Hikes Rates on Easing Trade Uncertainties, Vows to Raise More
–BOJ Governor Ueda: Policy Rate at 0.75% After Latest 25-Bp Hike Still ‘Slightly Below’ Estimated Neutral Rate By Max Sato (MaceNews) – Japanese government policymakers are holding on to their conviction that the economy will stay on a modest recovery track as the latest trade data showed a rebound in exports to the key U.S. […]
Fed Officials Remain Divided on Future Rate Path After Dec. 10 Rate Cut
– Miran, Waller Want More Rate Cuts; Williams, Others Equivocal If Not Hostile By Steven K. Beckner (MaceNews) – As the year drew toward a close following a third interest rate cut, Federal Reserve policymakers continued to display disunity on the rate path ahead, as officials put different weights on the Fed’s “price stability” and […]
BofA Global Research Fund Manager Survey: Investor Optimism High in December on ‘Run-it-Hot’ Macro and Policy Expectations
–Macro-optimism Highest Since August 2021 –Expectation For Higher Bond Yields Highest Since April 2022 by Vicki Schmelzer NEW YORK (MaceNews) – Global investor optimism was high in December, driven by “’run-it-hot’ macro and policy expectations,” according to the latest BoA Global Fund Managers survey, released Tuesday. This month, a net 18% of those polled looked […]
Update: Japan Week Ahead: Bank of Japan Set to Hike Rates amid Easing Uncertainty over Trade Rows, Focus on Governor Ueda Remarks on Estimated Neutral Rate
–Adds Context to Economy Watchers Survey in Paragraphs 15-17 (MaceNews) – Here are the key Japanese economic events for the coming week, with the market focus on what the governor of the Bank of Japan will say about a widely expected interest rate hike and how much more the bank should lift the overnight rate […]
Fed Officials Give Cautious but Conflicting Views on Road Ahead For Monetary Policy
By Steven K. Beckner (MaceNews) – Two Federal Reserve Bank presidents who had opposed the Fed’s mid-week interest rate cut, strongly defended their no votes on Friday while two other Fed presidents who will be voting on monetary policy next year gave conflicting indications on whether they will support moving rates lower. Broadly speaking, the […]
FOMC Cuts Funds Rate 25 BP, Projects Single 25 BP Cut By End Of 2026
– Powell Signals Pause, Saying FOMC Can Now ‘Wait and See’ How Economy Evolves – Powell: After 175 BP of Easing, Funds Rate in ‘Plausible’ Range of ‘Neutral’ – FOMC Declares Reserves ‘Ample’; to Start Buying Shorter Term Treasuires By Steven K. Beckner (MaceNews) – At their final monetary policy meeting of 2025 Wednesday, a […]
TRANSCRIPT: Fed Chair Powell Sees Policy Rate Within Range of Neutral Rate and Payrolls Now Negative
WASHINGTON (MaceNews) – The following is a rough transcript of Federal Reserve Chair Jerome Powell’s post-FOMC news conference Wednesday:
Japan Week Ahead: Markets Continue Betting on Dec. 19 BOJ Rate Hike After Governor Says Board to Debate Such Action, Noting Trade Uncertainty Fading
–BOJ Officials Gathering Intel on ‘Initial Momentum’ Toward Continued Wage Hikes in Fiscal 2026, Key to Justify Rate Action Amid Above-Target Inflation–Governor Ueda Stresses It Would Be Like Easing Off Accelerator, Not Stepping on the Brakes for Resilient but Feeble Economic Recovery By Max Sato (MaceNews) – Here are the key Japanese economic events for […]
Fed Officials Showing Caution, Even As Some Call for December Rate Cut
– Goolsbee, Hammack, Cook All Uneasy About Moving Again Next Month – Waller Strongly Supports December Rate Cut By Steven K. Beckner (MaceNews) – With the Federal Reserve’s last monetary policy meeting of the year just three weeks away, many Fed officials are exhibiting greater reluctance to continue interest rate reductions, while some continue to […]
Fed Officials Continue to Diverge on FOMC’s Rate Decision on Dec. 10 – Miran Again Urges More Rate Cuts While Collins Backs Away
By Steven K. Beckner (MaceNews) – As they moved closer to the final monetary policy meeting of 2025. a number of Federal Reserve officials have given varying degrees of support for lower interest rates but have remained mostly vague about whether the Fed should cut rates again as soon as next month. After the Fed’s […]