White House and Other Schedules for Tuesday, June 14
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, JUNE 14, 2022 In the morning, the President will travel to Philadelphia, Pennsylvania. The departure from the South Lawn will be open […]
White House and Other Schedules for Monday, June 13
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, JUNE 13, 2022 In the morning, the President will return to the White House from Wilmington, Delaware. The departure from Wilmington, Delaware will […]
FOMC Headed for June, July 50 BP Rate Hikes; Then Rate Path Uncertain
–September Meeting Could Be Pivotal for Monetary Policy By Steven K. Beckner (MaceNews) – Judging from what Federal Reserve policymakers have been saying, a total of 100 basis points of additional short-term interest rate hikes is baked in the cake at the Fed’s upcoming Federal Open Market Committee meeting and the following one in late […]
ECB Preannounces July Rate Hike of 25 Basis Points
–Leaves Open Possibility of Bigger Rise in September By Laurie Laird LONDON (MaceNews) – The European Central Bank will raise interest rates by a quarter percentage point at its next meeting in July with another – potentially larger increase – slated for September, the ECB announced Thursday. “Inflation is undesirably high,” said ECB President Christine […]
ISM: US May Service Sector Growth Continues Slowing Amid Labor Shortages, Supply Constraints 
–ISM’s Nieves: Fed Tightening on Overall US Service Sector Seen Limited –ISM: Demand for Services Still Strong; May’s Slower Growth Expected –ISM: New Orders Index Rebounds, Prices Index Eases from April’s Record High By Max Sato (MaceNews) – US service sector growth slowed further in May as companies continued tackling labor shortages and supply delays […]
Bank of Canada’s Beaudry: May Need To Hike Rates Above 2-3% Neutral Rate As Inflation Persists
By Max Sato (MaceNews) – The Bank of Canada may need to keep raising its policy interest rate above what it sees as neutral, currently in the 2% to 3% range, as inflation has been rising faster than expected and could become much harder to control, Deputy Governor Paul Beaudry said Thursday. He also said […]
US ISM Manufacturing Growth Edges Up in May; Labor Shortages, Supply Delays Linger
–ISM: Worst of Supply Delays Yet to Come for US Manufacturers –ISM: Early Signs of Fed Tightening Causing Softer Demand By Max Sato (MaceNews) – US manufacturing activity growth picked up slightly in May, but companies continued to face labor shortages and global supply chain constraints, with Covid lockdowns in Chinese port cities expected to […]
Bank of Canada Raises Policy Rate Again to Tame Inflation, Says to Rise Further Given Strong Growth, High Inflation
–BOC: Ukraine War, China’s Covid Lockdowns, Supply Constraints Weighing on Growth, Boosting Inflation –BOC Repeats: Timing, Pace of Further Rate Hikes Set by Economic Assessment By Max Sato (MaceNews) – The Bank of Canada on Wednesday lifted its policy interest rate – the target for overnight lending rates – by another 50 basis points to […]
Bank of Italy Governor Ignazio Visco: Ready To ‘Leave Behind’ ECB Negative Key Rates Policy, Possible Raise this Summer
By Silvia Marchetti ROME (MaceNews) – Bank of Italy Governor Ignazio Visco said on Tuesday that the European Central Bank could be ready to start raising police rates as early as this summer to tackle the ripple effects of the Russian invasion of Ukraine. “Given that the risk of deflation, which had called for the […]
White House and Other Schedules for Tuesday, May 31
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, MAY 31, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Then, […]