FOMC Lifts FFR 75 BP to 3.75-4.0%; Projects More Rate Hikes
Powell Says Slower Pace of Hikes Could Come in Next Two Meetings But Powell Says Rates May Have To Go Higher Than Projected in September And Powell Says It’s ‘Very Premature’ To Talk About Pausing Rate Hikes Also Warns Against ‘Mistake’ Of Loosening Monetary Policy ‘Prematurely’ FOMC Says Funds Rate Needs To Get ‘Sufficiently Restrictive’ […]
TRANSCRIPT: Federal Reserve Chair Powell’s Q&A Session Following FOMC Meeting
WASHINGTON (MaceNews) – The following is the transcript of Federal Reserve Chair Jerome Powell’s Wednesday news conference following the latest Federal Open Market Committee meeting: JEROME POWELL: Price stability is the responsibility of the federal reserve and serves as the bed rock of our economy. PRESS MEMBER: Thank you. Colby Smith with the Financial Times […]
FOMC Hikes 75 BPS As Expected; Adds Language to Anticipate Stance ‘Sufficiently’ Restrictive
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday hiked the federal funds rates another 75 basis points as widely expected, adding language in the policy statement that highlights the need to reach a stance that is sufficiently restrictive allowing for lags in policy effects. The decision prompted an immediate improvement in U.S. stocks and […]
White House and Other Schedules for Wednesday, Nov 2
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: DAILY GUIDANCE AND PRESS SCHEDULE FOR WEDNESDAY, NOVEMBER 2, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In the afternoon, […]
US October ISM Manufacturing Index Slips Further on Widespread Lower Demand
–ISM: New Orders Remain in Contraction; Employment at Breakeven Point –ISM: Firms Using Hiring Freezes, Attrition to Cope with Softer Demand in Future –ISM’s Fiore: Survey Indicates Contraction Ahead, Not Necessarily Recession; Collapse of New Orders Unlikely –Fiore: Contracting New Export Orders Concerning; China Down, Worst for Europe Yet to Come By Max Sato (MaceNews) […]
White House and Other Schedules for Tuesday, Nov 1
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: DAILY GUIDANCE AND PRESS SCHEDULE FOR TUESDAY, NOVEMBER 1, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. After, the […]
White House and Other Schedules for Monday, Oct 31
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. data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR MONDAY, OCTOBER 31, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. After, the […]
Japan September Retail Sales Post 7th Straight Y/Y Rise as Covid Eases, Border Restrictions Lifted 
–METI Upgrades View: Retail Sales Picking Up Vs. Picking Up Gradually –Department Store Sales Continue Recovering but Still Below Pre-Pandemic Levels –Demand for Cosmetics, Drugs Remains Strong; Auto Sales Rebound By Max Sato (MaceNews) – Japanese retail sales posted a seventh straight year-on-year increase in September, led by high fuel prices, pent-up demand for shopping […]
Japan September Industrial Output Dips After Recent Gains on Easing Supply Constraints
–METI Survey: Output Likely to Slump in October, Rise Slightly in November –METI Keeps View: Output Showing Signs of Moderate Increase –METI Repeats: To Watch Effects of a Rise in Covid Cases, Parts Shortages, Inflation By Max Sato (MaceNews) – Japan’s industrial production posted the first drop in four months in September, taking a breather […]
White House and Other Schedules for Friday, Oct 27
WASHINGTON (MaceNews) – The following are Friday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR FRIDAY, OCTOBER 28, 2022 In the evening, the President will travel from Wilmington, Delaware to Philadelphia, Pennsylvania. The departure from Delaware Air […]