White House and Other Schedules for Friday, Feb 2
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. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR FRIDAY, FEBRUARY 2, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]
US January ISM Manufacturing in Contraction for 15th Straight Month but Picks Up Toward Growth on Unexpected Jump in New Orders, Stable Output
–ISM Manufacturing Index 49.1 Vs. Downwardly Revised 47.1 in December–ISM’s Fiore: This Could be Beginning of Growth–Fiore: Still Bullish Main Index Will Go Above Neutral Line of 50 in March–Fiore: Customer Inventories Still Too Low, Positive for Future New Orders–Fiore: Member Firms Generally Agree to Pay Higher Prices in January By Max Sato (MaceNews) – […]
White House and Other Schedules for Thursday, Feb 1
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. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR THURSDAY, FEBRUARY 1, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]
FOMC Abandons Tightening Bias For Neutral Stance While Holding Rates Steady
– Powell: Unlikely FOMC Would Cut Rates As Soon As March Meeting- FOMC Now Speaks of ‘Any Adjustments’ To Federal Funds Rate – FOMC Advises No Rate Cuts Until Confident Inflation Sustainably On Way to 2% – FOMC: Risks ‘Moving Into Better Balance,’ But Outlook ‘Uncertain’ – FOMC Gives No Sign Ready to Dial Back […]
TRANSCRIPT: Fed’s Powell Dampens Hopes for March Rate Cut
WASHINGTON (MaceNews) – The following is a transcript of Federal Reserve Chair Jerome Powell’s news conference Wednesday, following the meeting of the Federal Open Market Committee: CHAIRMAN JEROME POWELL: Good afternoon. My colleagues and I remain squarely focus on our dual mandate to promote maximum employment and stable prices for the American people. The economy […]
FOMC Warns More Progress on Inflation Needed Before Any Rate Cuts
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday added a warning to its stand-still policy statement, saying it does not “expect” to cut rates until it has “gained greater confidence” that inflation is moving sustainably lower toward the 2% target. The statement follows: Recent indicators suggest that economic activity has been expanding at a […]
White House and Other Schedules for Wednesday, Jan 31
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. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR WEDNESDAY, JANUARY 31, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In […]
Bank of Japan January Meeting Summary Shows Shift Toward More Specific Debate About Exit from Large Monetary Easing
–Members Continue to Link Timing of Exit to Clearer Signs of Sustained Wage Growth–A Few Members Warn About Falling Behind Curve in Unwinding Stimulus By Max Sato (MaceNews) – Bank of Japan board members continued to discuss the need to carefully unwind the bank’s monetary easing measures, with many linking the timing of an exit […]
Japan December Retail Sales Turn Weaker as Pent-up Demand Wanes, Upward Price Pressures on Food, Fuels Ease
–METI Downgrades View: Retail Sales Taking One Step Forward, One Step Back Vs. on Uptrend–Department Store Sales Up but at Slower Pace after Already Recovering from Pandemic Slump By Max Sato (MaceNews) – Japanese retail sales turned weaker in December, rising just 2.1% on the year, below the consensus forecast of a 5.3% rise and […]
Japan December Industrial Production Rebounds on General Machinery; Daihatsu Halt amid Crash Test Scandal Seen Hurting January Vehicle Output
–METI Survey: Factory Output Likely to Plunge in January, Rise Moderately in February–METI Keeps View: Output Taking One Step Forward, One Step Back–METI To Watch Effects of Global Growth, Auto Output Suspension, Drops Risk from High Costs Amid Easing Inflation By Max Sato (MaceNews) – Japan’s industrial production rebounded by a solid but lower-than-expected 1.8% […]