TRANSCRIPT: Fed Powell’s Post-FOMC News Conference Offers No Surprises … Again
WASHINGTON (MaceNews) – The transcript of Federal Reserve Chair Jerome Powell’s post-FOMC meeting news conference Wednesday follows:
FOMC Policy Statement, Dot Plot Hardly Altered in Latest Meeting
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday not only offered no surprises, it hardly changed its policy statement language and “dot plot” expectations from the previous meeting, preserving the hope for perhaps three rate cuts this year but repeating there is still a nagging lack of confidence in the path of inflation. The […]
White House and Other Schedules for Wednesday, March 20
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. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, MARCH 20, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Then, the […]
BofA Global Research Fund Manager Survey: Cash Levels Edge Up as Global Investors Rethink Inflation/Interest Rate View
By Vicki Schmelzer NEW YORK (MaceNews) – Cash allocations nudged higher in March, driven by global investors rethinking their views about inflation and the outlook for lower interest rates, according to BofA Global Research’s monthly fund manager survey, released Tuesday. Average cash balances were 4.4% this month compared to 4.2% in February and 4.8% […]
Update: BOJ Conducts Its 1st Rate Hike Since 2007, Ends Yield Curve Control as Officials See Faster Wage Hikes This Year
–Update adds comments from BOJ Governor Ueda–BOJ Stops Targeting 10-Year JGB Yield After Capping it Around 1% But Continues Buying JGBs in 8-to-1 Vote By Max Sato (MaceNews) – The Bank of Japan said Tuesday its nine-member board decided in a majority vote to end its seven-year-old yield curve control framework and lift the overnight […]
BOJ Conducts Its 1st Rate Hike Since 2007, Ends Yield Curve Control in Light of Clear Signs of Faster Wake Hikes This Year
–Overnight Rate Target Raised to A Range of 0% to 0.1% from -0.1% in 7-to-2 Vote–BOJ Stops Targeting 10-Year JGB Yield After Capping it Around 1% But Continues Buying JGBs in 8-to-1 Vote By Max Sato (MaceNews) – The Bank of Japan said Tuesday its nine-member board decided in a majority vote to end its […]
White House and Other Schedules for Monday, March 18
WASHINGTON (MaceNews) – The following are Monday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR MONDAY, MARCH 18, 2024 The President and the First Lady will host a Women’s History Month reception at the White […]
Preview update: Bank of Japan Likely to End Yield Curve Control, Raise Rates Next Week as First Estimate from Union Group Points to High Pace of Wage Hikes
By Max Sato (MaceNews) – The Bank of Japan’s nine-member board is expected to decide in a majority vote at its March 18-19 meeting to end its seven-year-old yield curve control framework and lift the minus 0.1% short-term rate target to a range of zero to 0.1%, which would be the bank’s first rate increase […]
Preview: Bank of Japan Edging Closer to Ending Yield Curve Control Framework, Raising Rates amid Reduced Risk of Economy Slipping Back into Deflation
By Max Sato (MaceNews) – The Bank of Japan board appears ready to end its seven-year-old yield curve control framework and lift the negative short-term interest rate target, either this month or next, as widespread labor shortages are prompting major firms to accept higher wage hikes during their annual talks with unions, which the board […]
Bank of Canada Keeps Policy Rate at 5% for 5th Straight Meeting as Officials Seek Further Easing in Inflation
–Governing Council Still Concerned About Inflationary Risks, Particularly Persistent Underlying Price Pressures –Some Signs that Wage Pressures in Canada Are Easing –Governor Macklem: Too Early to Consider a Rate Cut; Clear Consensus Time is Not Now By Max Sato (MaceNews) – The Bank of Canada on Wednesday maintained its policy interest rate — the […]