FOMC: CONCENTRATES ON CONTINUING VIRUS ECONOMIC DAMAGE
(WASHINGTON (MaceNews) – The Federal Open Market Committee, while standing pat on all fronts as expected Wednesday, only intensified its emphasis on the continuing economic damage being imposed by the pandemic, despite the advent of vaccine inoculations. The following is the FOMC statement text: The Federal Reserve is committed to using its full range of […]
WEDNESDAY WASHINGTON SCHEDULES
WASHINGTON (MaceNews) – The following are Wednesday’s public White House, Treasury, House and Senate schedules: White House Schedule 9:00 AMIn-Town Pool Call TimeThe White House – In-Town Pool 9:30 AMThe President and The Vice President receive the President’s Daily BriefOval Office – Closed Press 12:15 PMPress BriefingPress Briefing by Press Secretary Jen Psaki, Special Presidential […]
ECB’S LAGARDE: ASSET BUYING AS LIKELY TO EXCEED CURRENT ALLOCATION AS TO FALL SHORT
— ECB President Denies New Language Toward PEPP Programme Reflects More Hawkish Attitude By Laurie Laird LONDON (MaceNews) – ECB warnings that it may not expend all of its emergency bond buying do not represent a more hawkish outlook toward the eurozone recovery, according to Europe’s top central banker. The rate-setting Governing Council raised eyebrows […]
DATA PREVIEW: 4Q GDP, IMF’S WEO, FOMC, DURABLE GOODS
WASHINGTON (MaceNews) – The upcoming week is packed with economic data, including the fourth quarter GDP, as well as a Federal Open Market Committee policy update and Chair Jay Powell’s news conference, and an update to the IMF’s World Economic Outlook. The GDP report is Thursday. The various GDPNow estimates don’t agree, with the New […]
FOMC TO STAND PAT IN SEEKING MORE INFLATION, EMPLOYMENT
–Fed Officials Agree in Principle; Only Time Will Tell On Implementation By Steve Beckner (MaceNews) – Important questions but only tentative answers abound as the Federal Reserve approaches its first monetary policy meeting of the new year in a mood to await further economic, financial and, yes, public health developments before changing its policy settings. […]
ECB SITS ON ITS HANDS. SAYS DECEMBER FORECASTS HOLD DESPITE LOCKDOWN
By Laurie Laird LONDON (MaceNews) – The European Central Bank left all policy instruments on hold at its latest rate-setting meeting, stressing the ECB’s most recent economic projections envisioned the risk of the strong Covid containment measures currently in place through much of Europe. Forecasts published in December “were predicated on lockdowns lasting through”the first […]
BoA GLOBAL FUND MANAGER SURVEY: INVESTORS SEE STRONGER GROWTH IN 2021 AS WORLD RECOVERS FROM VIRUS
–Investors Eye Higher Stock Prices, Steeper Yield Curve, Rising Inflation by Vicki Schmelzer NEW YORK (MaceNews) – Global investors at the start of 2021 anticipated stronger growth in the months ahead as the world recovers from COVID-19, according to the findings of BofA Global Research’s monthly fund manager survey, released Wednesday. In line with […]
EUROZONE INFLATION STUCK IN THE RED AHEAD OF THURSDAY’S ECB MEETING
—HICP Falls by an Annual Rate of 0.3% in December, Marking the Fifth-Straight Decline By Laurie Laird LONDON (MaceNews) — Eurozone inflation remained stubbornly in the red at the close of last year, with the HICP index slumping by an annual pace of 0.3%, according to data released by Eurostat on Wednesday. That decline matches […]
DATA PREVIEW: HOUSING WEEK AND HOPEFULLY NEW BEGINNINGS
–Domestic Terrorism, Mounting Virus Death Tolls, Deep Divisions Overwhelm Data WASHINGTON (MaceNews) – The upcoming week’s events, an Inauguration Day in the armed camp “Green Zone” that is now D.C. amid threats of violence at statehouses across the country, overshadows what little economic data will be published. The week begins with a holiday, progresses to […]
ITALY RECOVERY AHEAD, BACK TO PRE-PANDEMIC LEVELS IN 2023 – BOI
By Silvia Marchetti ROME (MNI) – The Bank of Italy Friday forecast an average 3.5% GDP growth this year, 3.8% in 2022 and and 2.3% in 2023 when pre-crisis levels are expected to be recovered. In its economic bulletin the BOI said the European Central Bank’s ongoing accommodative policy stance and new European measures aimed […]