Fed’s Powell: Progress Made, But Economy Not Yet At ‘Substantial Further Progress’

–Little Support For Faster Reduction in MBS Purchases. By Steven K. Beckner (MaceNews) – Federal Reserve Chairman Jerome Powell continued Wednesday to set the stage for eventual reductions in the Fed’s large-scale asset purchases, and gave no clear signal as to when “tapering” could commence. For the time being, the policy making Federal Open Market […]

Monday Washington Schedules from MaceNews

WASHINGTON (MaceNews) – The following are Monday’s schedules for the White House, Treasury, the State Department, the Capitol and for upcoming Federal Reserve events: The White House   DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, JULY 26, 2021   In the morning, the President will receive the President’s Daily Brief in the Oval Office. This meeting […]

Saturday/Sunday Washington Schedules from MaceNews

WASHINGTON (MaceNews) – The following are the schedules for Saturday and Sunday for the White House, Treasury, the State Department, the Capitol and for upcoming Federal Reserve events: The White House   WEEKEND GUIDANCE AND PRESS SCHEDULE FORSATURDAY, JULY 24, 2021 AND SUNDAY, JULY 25, 2021  On Saturday, the President has no public events scheduled. On […]

FOMC Mainstream Seems In No Hurry To Taper As Late July Meeting Nears

By Steven K. Beckner (MaceNews) – Having started “talking about talking about” scaling back asset purchases at their mid-June Federal Open Market Committee meeting, Federal Reserve policymakers will presumably begin really “talking about” “tapering at the July 27-28 FOMC meeting. The timing of actual reductions in bond buying, however, remains very much in doubt, although […]

Bank of England Rate Setter Warns Against Tighter Policy

— “Economy not fully recovered,” says MPC member Jonathan Haskel By Laurie Laird LONDON (MaceNews) — The UK economic recovery is not sufficiently robust to warrant tighter monetary policy, according to rate setter Jonathan Haskel, placing him at odds with two colleagues who last week advocated for a rethink of extreme monetary accommodation.  “My preference at […]

BofA Global Research Fund Manager Survey: Global Investors’ Overall Upbeat Attitude In July Sees Still Sizable Overweights In Stocks And Commodities

By Vicki Schmelzer NEW YORK (MaceNews) – Global investors, while much less bullish than in prior months, maintained an overall upbeat attitude in July, as evidenced by still sizable overweight holdings in stocks and commodities, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. Growth expectations slipped again on the […]