Bank of England Rate Setter Warns Against Tighter Policy
— “Economy not fully recovered,” says MPC member Jonathan Haskel By Laurie Laird LONDON (MaceNews) — The UK economic recovery is not sufficiently robust to warrant tighter monetary policy, according to rate setter Jonathan Haskel, placing him at odds with two colleagues who last week advocated for a rethink of extreme monetary accommodation. “My preference at […]
Japan Govt Keeps View on Domestic Economic Pickup Led by Exports, Output
By Max Sato (MaceNews) – Japan’s government Monday maintained its view that the domestic economy is headed for recovery, noting business confidence is improving amid the uncertainty caused by the recent surge in coronavirus infections in many countries, according to its monthly report released by the Cabinet Office. The government said “signs of a pickup […]
Monday Washington Schedule from MaceNews
WASHINGTON (MaceNews) – The following are the schedules for Monday for the White House, Treasury, the State Department, the Capitol and for upcoming Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, JULY 19, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the […]
Saturday/Sunday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are the schedules for Saturday and Sunday for the White House, Treasury, the State Department, the Capitol and for upcoming Federal Reserve events: The White House WEEKEND GUIDANCE AND PRESS SCHEDULE FORSATURDAY, JULY 17, 2021 AND SUNDAY, JULY 18, 2021 On Saturday, the President has no public events scheduled. On Sunday […]
US Data Preview Commentary: Housing Starts/Existing Home Sales, LEI, and a Higher Wall of Worry
WASHINGTON (MaceNews) –It’s housing week coming up for U.S. economic data and analysts will be checking new housing completions Tuesday, a much more telling number than starts these days. Completions run several months behind starts which tabulate the stage before construction. It’s completions which calibrate the pipeline to an existing home sale, something that often […]
BOJ Keeps Easing Stance; Upbeat on FY22 GDP, Sees CPI Rise on Energy
BOJ Keeps Easing Stance; Upbeat on FY22 GDP, Sees CPI Rise on Energy –BOJ To Back Climate Change Initiatives With Zero Rate Funding By Max Sato (MaceNews) – The Bank of Japan said Friday it is maintaining its stimulative policy, as expected, to help the economy climb out of the pandemic-induced doldrums and guide near-zero […]
Friday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Friday’s schedules for the White House, Treasury, the State Department, the Capitol and for upcoming Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORFRIDAY, JULY 16, 2021 In the morning, the President will participate in the Asia-Pacific Economic Cooperation (APEC) Leaders’ Virtual Retreat, where Leaders will […]
Bank of England Officials Hint at Earlier-Than-Expected Tightening
By Laurie Laird LONDON (MaceNews) — Two Bank of England rate setters have suggested that UK recovery has become sufficiently entrenched to warrant a reduction in monetary accommodation. Forward guidance set at the latest Monetary Policy Committee meetings “no longer rules out tightening,” said external MPC member Michael Saunders, adding that conditions on tightening policy “have […]
Thursday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Thursday’s schedules for the White House, Treasury, the State Department, the Capitol and for upcoming Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, JULY 15, 2021 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In the […]
Fed’s Powell: FOMC to Discuss Tapering In Late July, But Jobs Goal Far Off
By Steven K. Beckner Downplays Inflation Concerns In Pursuit of Maximum Employment MBS Purchases Will Be On FOMC Table, But Part of Overall QE Effort (MaceNews) – Federal Reserve Chairman Jerome Powell continued to point toward an eventual reduction in the pace of Fed asset purchases in congressional testimony Wednesday, but gave no sense of […]