Sterling Drops to All-time Low Vs. Dollar; Gilt Yields Surge Above 4%
–Speculation of Emergency Bank of England Action Lifts the Pound from $1.0350 –Market Disorder Follows Friday’s Tax-Cutting Fiscal Statement By Laurie Laird LONDON (MaceNews) – Sterling plunged to an all-time low against the dollar early on Monday, following a weekend pledge from the nation’s top finance minister to extend tax cuts beyond the £45billion announced […]
White House and Other Schedules for Monday, Sept 26
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, SEPTEMBER 26, 2022 In the morning, the President will depart Wilmington, Delaware en route the White House. The departure […]
White House and Other Schedules for Friday, Sept 23
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, SEPTEMBER 23, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]
Japan Intervenes in Forex Market to Stop One-Sided, Rapid Yen Fall
–Finance Minister Suzuki Says Govt Steps in To Stem Speculative Move –MOF Suzuki: To Take Necessary Steps on Excessive Fluctuations –BOJ Kuroda: No Need to Change Basic Yield Curve Control Easing Guideline for 2 to 3 Years –BOJ Kuroda Before Intervention: YCC Designed to Correct Tight Yen Funds in Event of Yen-Buying FX Operations –BOJ […]
BOJ Keeps Easing Stance Under Yield Curve Control in Unprecedented Unanimous Vote as Two Members Switch
–Japan’s Central Bank to Phase Out Special Covid Funding Program as Reopening Progresses–BOJ Sees Economy Picking Up but Warns of Downward Pressure from Commodity Market Rise By Max Sato (MaceNews) – The Bank of Japan said Thursday it is maintaining its zero to slightly negative interest rate targets along the yield curve and large asset […]
White House and Other Schedules for Thursday, Sept 22
WASHINGTON (MaceNews) – The following are Thursday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. data and Federal Reserve events: COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FOR THURSDAY, SEPTEMBER 22, 2022 Thursday, September 22, 2022 In the morning, the President will host a bilateral meeting with President […]
FOMC Lifts Funds Rate 75 Basis Points, Projects More Rate Increases Before Pause
– Powell Vows ‘Quickly’ To Get To ‘Restrictive’ Stance; Stay There ‘Til Job Is Done’ – SEP Revises Rate Projections Sharply Higher: Median 4.4% End-22; 4.6% End-23 – Unemployment Projected to Rise to 4.4% Next Year As GDP Growth Slows to 1.2% By Steven K. Beckner (MaceNews) – The Federal Reserve took another momentously aggressive […]
Transcript: Fed Chair Powell’s Post-FOMC Q&A
WASHINGTON (MaceNews) – Federal Reserve Chair Jerome Powell’s opening statement at his post-Federal Open Market Committee news conference Wednesday followed by his answers to reporters’ questions: Price stability is the responsibility of the Federal Reserve and serves as the bedrock of our economy. Without it the economy does not work for anyone. In particular, we […]
FOMC Does the Expected, a 0.75% Rate Hike Along With a By-the-Numbers Policy Statement
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday delivered its third consecutive 0.75% federal funds rate hike as expected, limiting its policy statement mostly the language already used on July 27. There were no dissents. The policy statement follows: Recent indicators point to modest growth in spending and production. Job gains have been robust […]
White House and Other Schedules for Wednesday, Sept 21
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: COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FOR WEDNESDAY, SEPTEMBER 21, 2022 – THURSDAY, SEPTEMBER 22, 2022 Wednesday, September 21, 2022 In the morning, the President will deliver […]