Fed’s Bostic Optimistic About Economy But Thinks It’s Too Soon To Consider Tightening
By Steven K. Beckner MaceNews) – Atlanta Federal Reserve Bank President Raphael Bostic spoke optimistically about the economic outlook Tuesday, but made clear improving prospects have not yet made him more inclined to firm monetary policy. Bostic, a voting member of the Fed’s policy making Federal Open Market Committee, downplayed the risks of “overheating” or […]
US Data Preview: Stimulus Ebullience Vs. Virus Resurgence Fear
WASHINGTON (MaceNews) – Is anyone watching economic data in the week ahead, when there are least 12 Fedspeak appearances, a restless 10-year yield, the background threat of a wider Covid-19 surge? Sure, we all have to take durable goods orders (Wednesday) and new home sales (Tuesday) and personal income (Friday) into account, even if it’s […]
FOMC Keeps Monetary Policy Loose; Powell Signals It will Remain So
By Steven K. Beckner (MaceNews) – Federal Reserve policy-makers voted Wednesday to maintain their super loose credit policies, and Chair Jerome Powell gave no hint the Fed will move to tighten its monetary stance any time soon. While joining his colleagues in expressing encouragement with the economy’s improved performance and optimism about the outlook, Powell […]
FOMC: Projections See Median Rate Hike Forecast Stable With Only Additional 2 ’23 Rate Hike Dots to Total 7
WASHINGTON (MaceNews) – The FOMC’s updated quarterly projections Wednesday saw a stable median with two more ’23 rate-hike dots, while repeating it aims for an inflation rate “moderately above” 2%. The following is the text of the policy statement: The Federal Reserve is committed to using its full range of tools to support the U.S. […]
Wednesday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Wednesday’s public schedules for the White House, Treasury, the Capitol and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, MARCH 17, 2021 In the morning, the President will attend a mass in honor of St. Patrick’s Day in Wilmington, Delaware. […]
Tuesday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Tuesday’s public schedules for the White House, Treasury, the Capitol and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, MARCH 16, 2021 In the morning, the President will receive the President’s Daily Brief in the Oval Office. This meeting will […]
MONDAY WASHINGTON SCHEDULES FROM MaceNews
WASHINGTON (MaceNews) – The following are are Monday’s schedules for the White House, Treasury, the Capitol and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, MARCH 15, 2021 In the morning, the President will receive the President’s Daily Brief in the Oval Office. This meeting will […]
US Data Preview: Rescue Plan Billions Transcend Data/FOMC
–Coming Up, Retail Sales, Housing Starts; FOMC, Leading Indicators WASHINGTON (MaceNews) – Let’s face it, far more significant than the upcoming week’s economic data and FOMC meeting – more than perhaps the entire year’s upcoming data and FOMC meetings – is that the government is beginning to dump American Rescue Plan billions – hundreds of […]
FOMC Preview: Fed Not Apt To Start Signaling Policy Shift at Mid-March FOMC Meeting
By Steven K. Beckner (MaceNews)– With each passing day, as the recovery continues (and as more Americans get vaccinated), we are getting closer to the time when the Federal Reserve starts tapping the brakes on its supercharged monetary race car. But that doesn’t mean it’s close, and it’s doubtful we will see any perceptible movement […]
European Central Bank to Accelerate Asset Purchases to Combat Rising Bond Yields
By Laurie Laird LONDON (MaceNews) – The European Central Bank will accelerate purchases under its crisis quantitative easing programme, but otherwise left policy unchanged at Thursday’s Governing Council meeting, as it confronted the recent rise in bond yields. “There was consensus at the table of the Governing Council today,” said ECB President Christine Lagarde, briefing […]