Fed’s Jefferson: FOMC ‘Well-Positioned’ To Face Upside Inflation, Downside Job Risks
–– Williams: FOMC Is Now ‘Really Well-Positioned’ To ‘Wait and See’ — Goolsbee: Fed in ‘Very Uncomfortable Situation; Facing Danger of ‘Stagflation’ By Steven K. Beckner (MaceNews) – Federal Reserve Vice Chairman Phillip Jefferson said Tuesday evening that monetary policy is “well-positioned” in a war-influenced environment of both upside risks to inflation and downside risks […]
Fed Vice Chair Jefferson, Others Call For Stand Pat Rate Stance Amid War Worries
By Steven K. Beckner (MaceNews) – Just over a week after the Federal Reserve’s policymaking Federal Open Market Committee left short-term interest rates unchanged, majority thinking on the course of monetary policy is little changed, judging from Fed policymakers’ recent comments. Fed Vice Chairman Phillip Jefferson and other members of the Fed Board of Governors […]
Japan Week Ahead: PM Takaichi Back to Inflation Fighting after Performing in Trump Diplomatic Theater; February Core CPI Seen Drifting Below BOJ’s 2%, Calm Before Iran War Storm
By Max Sato (MaceNews) – Here are the key Japanese events for the coming week. Following last week’s majority decision by the Bank of Japan’s board to pause in its gradual rate hike process, CPI data for February is forecast to show core inflation moderated to an annual rate below the bank’s 2% target as […]
Japan Week Ahead: PM Takaichi Faces Biggest Challenge in Office as Nation Braces for Major Crude Oil Supply Disruption, Return of Higher Energy Costs
–Japan Expected to Tide Over Impact of Temporary Iranian Blockade of Strait of Hormuz Despite Its Heavy Reliance on Middel East Oil, Gas By Max Sato (MaceNews) – Here are the key Japanese events for the coming week. Just as parliamentary debate on the fiscal 2026 budget has shifted to the key budget committee of […]
RECAP, U.S. and Israel officials waiting confirmation ongoing attempt to decapitate Iran’s leadership has been successful; Trump urges govt takeover
WASHINGTON (MaceNews) – The broad U.S. and Israel attack Saturday on Iran, which is said to include hundreds of targets over several days, has triggered retaliatory missile attacks on U.S. bases in the region. Iran claims a girls school with several dozen casualties was among the targets. President Trump urged Iran’s people to now take […]
Japan Government Slightly Upgrades Its View on Economic Recovery after BOJ Conducts 2nd Rate Hike in July
By Max Sato (MaceNews) – Japan’s government upgraded its overall economic assessment for the first time in six months, noting consumer spending is supported by wage hikes and temporary income tax credits, but the change in wording is subtle and it continues to say the economy is recovering “moderately.” In its monthly report for August […]
BofA Global Research Fund Manager Survey: Global Investors Buy Bonds on Declining Global Growth Expectations
–US Recession Concern Top Tail Risk –Sixty percent of Managers Expect Four Or More Fed Cuts in Next 12 Months By Vicki Schmelzer NEW YORK (MaceNews) – Global investors made a beeline into bonds in July, driven by declining world growth expectations, according to BofA Global Research’s monthly fund manager survey, released Wednesday. Jitters about […]
Fed’s Beige Book Shows Lukewarm Growth, Less Jobs Pressure, Retail and Auto Sales Mostly Flat
WASHINGTON (MaceNews) – The Federal Reserve’s survey of economic activity coast-to-coast Wednesday showed generally lackluster growth but only two districts – Dallas and Boston – with little or no improvement. The survey, prepared for the June 11-12 Federal Open Market by the Dallas Fed found most districts with ‘negligible to modest” job gains, prices increasing […]
Japan April Producer Prices Up 0.9% Y/Y Vs. Upwardly Revised 0.9% Rise in March on Fears of Global Copper Supply Shortage, Rising Import Costs amid Weak Yen
Japanese producer prices jump
White House and Other Schedules for Monday, May 13
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, MAY 13, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. After, the […]