<strong>White House and Other Schedules for Wednesday, Dec 14</strong>
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. data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR WEDNESDAY, DECEMBER 14, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In the […]
<strong>Bank of Canada’s Macklem Vows to Bring High Inflation All the Way Back to 2%</strong> <strong>Target</strong>
–Governor Says Under-Tightening Will Pose Greater Risk Than Over-Tightening –Macklem Declines Comment on How Long Restrictive Interest Rates Will Last –Macklem: Rate Hikes Could Work Faster Than Before, Watching New Sets of Data By Max Sato (MaceNews) – The Bank of Canada is determined to bring elevated inflation “all the way back” to its 2% […]
Bank of Canada’s Kozicki: Always Data-Dependent But Policy Environment Different Now
—Deputy Governor: With Rates Higher, Inflation Lower, Policy Question Now is Whether More Rate Increases Needed –Will Be Prepared to Act Forcefully on Upside Surprise but That’s Hypothetical –High Inflation Largely from Global Factors but Strong Domestic Demand Becoming More Important By Max Sato (MaceNews) – The Bank of Canada has been making policy decisions […]
Bank of Canada Lifts Key Rate by 50 Bps to 4.25%, Signals End of Aggressive Tightening
–BOC: Governing Council to Mull If Rates Need to Rise Further Vs. Oct. View Rates Need to Rise Further –BOC Repeats: Canadian Economy in Excess Demand, Labor Markets Tight –BOC: Inflation Too High; 3-Month Core Measures Indicate Easing Price Pressures By Max Sato (MaceNews) – The Bank of Canada on Wednesday raised its policy interest […]
<strong>FOMC, Powell Face Tricky Communication Task in Slowing Rate Hike Pace</strong>
– Key To Watch Is How Much Higher Fed Officials Move Their 2023 Rate Dots By Steven K. Beckner (MaceNews) – The Federal Reserve has well prepared financial markets for another “unusually large” interest rate increase in mid-December – just not quite as aggressive as we’ve seen since the spring. The Fed, nevertheless, is struggling […]
<strong>White House and Other Schedules for Wednesday, Nov 30</strong>
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. data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR WEDNESDAY, NOVEMBER 30, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In […]
FOMC Minutes See Participants Acknowledge Possible Need to Slow Pace of Tightening
WASHINGTON (MaceNews) – Wednesday’s minutes of the latest Federal Open Market Committee meeting contained several references to a possibility the pace of rate hikes could soon slow while emphasizing the more important consideration is the still unspecified ultimate terminal rate. The less-hawkish-than expected minutes turned U.S. stock markets from mild negatives to moderate positives, at […]
<strong>Bank of Canada Expected to Raise Key Rate by Another 50 Bps to Guide Inflation Lower</strong>
–Canada’s Consumer Inflation Has Eased but Remains High Just Under 7% –BOC Seeking Balance Between Cooling Demand and Avoiding Sharp Downturn By Max Sato (MaceNews) – The Bank of Canada is set to conduct what could be one of its last rate hikes in the current tightening cycle in three weeks, possibly raising its short-term […]
Cleveland Fed’s Mester: Funds Rate ‘Only Beginning to Become Restrictive’
– Funds Rate Must Become ‘More Restrictive’; Stay So “for a While’ – Risks Of Tightening Too Little Outweigh Risks Of Tightening Too Much – Welcomes Oct. CPI Report But Warns of ‘Upside Risks,’ Wage Pressures – Reducing Inflation Will Mean ‘Pain’; Unemployment May Need Rise More Than Anticipated By Steven K. Beckner (MaceNews) – […]
Fed Officials Stress Importance of Keeping Inflation Expectations Anchored
– Williams Says Inflation Expectations ‘Mostly Good’ But Cites Increased Uncertainty – Barkin: More Tightening Likely Needed Even at Cost of ‘Downturn’ By Steven K. Beckner (MaceNews) – Two Federal Reserve officials stressed the importance of keeping inflation expectations “anchored” Wednesday, but suggested that those expectations may be vulnerable to being underrmined in the current […]