Category: Rates

Transcript: Fed Chair Powell’s Post-FOMC Q&A

WASHINGTON (MaceNews) – Federal Reserve Chair Jerome Powell’s opening statement at his post-Federal Open Market Committee news conference Wednesday followed by his answers to reporters’ questions: Price stability is the responsibility of the Federal Reserve and serves as the bedrock of our economy. Without it the economy does not work for anyone. In particular, we […]

FOMC Does the Expected, a 0.75% Rate Hike Along With a By-the-Numbers Policy Statement

WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday delivered its third consecutive 0.75% federal funds rate hike as expected, limiting its policy statement mostly the language already used on July 27. There were no dissents. The policy statement follows: Recent indicators point to modest growth in spending and production. Job gains have been robust […]

White House and Other Schedules for Wednesday, Sept 21

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:    COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FOR WEDNESDAY, SEPTEMBER 21, 2022 – THURSDAY, SEPTEMBER 22, 2022 Wednesday, September 21, 2022 In the morning, the President will deliver […]

White House and Other Schedules for Tuesday, Sept 20

WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. data and Federal Reserve events:    COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULEFOR TUESDAY, SEPTEMBER 20, 2022 – THURSDAY, SEPTEMBER 22, 2022 Tuesday, September 20, 2022 In the afternoon, the President will deliver […]

Analysis: Fed to Stay on Aggressive Tightening Path Sept. 21

By Steven K. Beckner (MaceNews) – Federal Reserve policymakers are unlikely to find a reason to slow their monetary tightening campaign at their Federal Open Market Committee meeting next week, and increasingly the expectation is that they will raise interest rates at least as aggressively as they did at their previous two meetings.  Although hopes for a […]

Japan Seeking to Keep Yen Bears at Bay with Threat of Forex Intervention

–Tokyo Would Need Washington’s Consent and Help to Have Much Impact -US Has No Compelling Reason Yet to Step into FX Market–Japan’s Dollar Selling Ammunition Limited to Its Foreign Reserves By Max Sato (MaceNews) – Japanese policymakers are using verbal warnings and inquiries on market levels to stop the yen from depreciating rapidly against the […]

BofA Global Research Fund Manager Survey: Investor Sentiment ‘Super Bearish’ in September

By Vicki Schmelzer NEW YORK (MaceNews) – Global investor sentiment was “super bearish” in September, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday.   Accordingly, cash allocation rose to the “biggest overweight on record” and equity allocation fell to a “record underweight,” the survey said. Investors remained on high alert […]

ECB Lifts Interest Rates By 75 Basis Points; More Hikes in the Pipeline

By Laurie Laird LONDON (MaceNews) – The European Central Bank raised its three main borrowing rates by 75 basis points on Thursday and promised to tighten further with inflation at a record high and moving further from its target. “We are so far away from the rate that will return us to 2%,” said ECB […]