FOMC Preview: Fed Not Apt To Start Signaling Policy Shift at Mid-March FOMC Meeting
By Steven K. Beckner (MaceNews)– With each passing day, as the recovery continues (and as more Americans get vaccinated), we are getting closer to the time when the Federal Reserve starts tapping the brakes on its supercharged monetary race car. But that doesn’t mean it’s close, and it’s doubtful we will see any perceptible movement […]
European Central Bank to Accelerate Asset Purchases to Combat Rising Bond Yields
By Laurie Laird LONDON (MaceNews) – The European Central Bank will accelerate purchases under its crisis quantitative easing programme, but otherwise left policy unchanged at Thursday’s Governing Council meeting, as it confronted the recent rise in bond yields. “There was consensus at the table of the Governing Council today,” said ECB President Christine Lagarde, briefing […]
THURSDAY’S WASHINGTON SCHEDULES FROM MaceNews
WASHINGTON {MaceNews} – The following are Thursday’s public schedules for the White House, Treasury, the Capitol and for upcoming economic data: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, MARCH 11, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval Office. This meeting will […]
Tuesday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Tuesday’s public schedules for the White House, Treasury, the Capitol and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, MARCH 9, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval Office. […]
Japan Q4 GDP Revised Down on Lower Inventories; No Major Change To Solid Capex, Consumption
By Max Sato Gradual Economic Recovery Seen After Pullback in Q1 (MaceNews) – Japan’s economy posted the second straight quarter-on-quarter expansion in October-December but at a slightly slower pace than previously reported, as the decline in private-sector inventories turned out to sharper than initially estimated, Cabinet Office data released Tuesday showed. There was no major […]
Japan Jan Household Spending Plunges As Govt Urges Restrictions To Fight Pandemic
By Max Sato (MaceNews) – Japan’s household spending posted a sharper-than-expected drop in January as the government called for restricted economic activity to slow the spread of the pandemic, data released Friday by the Ministry of Internal Affairs and Communications showed. Expenditures on eating out and traveling are estimated to have remained weak for the […]
Draghi Government Eyes Italian Tax Cuts, Simpler, More Progressive Tax Regime – Sources
By Silvia Marchetti ROME (MaceNews) – Italy’s government is considering ambitious tax reform aimed at cutting Italy’s high taxes, simplifying its complex mix of exemptions, deductions, and credits, and helping lower earners, according to ruling coalition sources. Reducing taxation is paramount to kickstart the post-COVID recovery and boost consumption rates, argued sources. Italy’s income taxation […]
Monday Washington Schedules From MaceNews
WASHINGTON (MaceNews) – The following are Monday’s public schedules for the White House, Treasury, the Capitol and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, MARCH 8, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval […]
Saturday/Sunday Washington Schedules From MaceNews
WASHINGTON (MaceNews) – The following are Saturday and Sunday public schedules for the White House, Treasury, the Capitol and for upcoming economic data: The White House WEEKEND GUIDANCE AND PRESS SCHEDULE FORSATURDAY, MARCH 6, 2021 AND SUNDAY, MARCH 7, 2021 On Saturday and Sunday, the President has no public events scheduled. Saturday’s In-Town PoolWires: AP, Reuters, […]
US Data Preview: Inflation Week – CPI/PPI and Credit Mkt Gonzo Watch
WASHINGTON (MaceNews) – Too bad that on the upcoming week’s schedule there’s not another Jay Powell “cross my heart and hope to die” pledge he’s NOT reconsidering policy any time soon, embracing “Op Twist” or otherwise dismantling the Federal Open Market Committee, triggering another jittery freak-out among non-believers. Failing that, the news watch will have […]