Fed Officials Showing Caution, Even As Some Call for December Rate Cut
– Goolsbee, Hammack, Cook All Uneasy About Moving Again Next Month – Waller Strongly Supports December Rate Cut By Steven K. Beckner (MaceNews) – With the Federal Reserve’s last monetary policy meeting of the year just three weeks away, many Fed officials are exhibiting greater reluctance to continue interest rate reductions, while some continue to […]
BofA Global Research Fund Manager Survey: Investors More Bullish in November as 2026 Growth Expectations Improve
–Cash Levels Slip, Inflation Expectations Drop –More Bullish View Tends to Be a Counter-Indicator By Vicki Schmelzer NEW YORK (MaceNews) – Global investors were more bullish and more overweight equities in November as world growth expectations turned positive for 2026, according to a survey of investors. This month a net 3% of those polled looked […]
Preview: Japan Q3 GDP Likely to Contract as Exports, Housing and Inventories Weigh; Underlying Demand Remains Steady
0850 JST (2350GMT/1850 EST Sunday, Nov. 16) Cabinet Office releases preliminary GDP for July-SeptemberMace News median: -0.7% q/q (range -1.0% to -0.3%) vs. Q2 revised +0.5%; -2.7% annualized (range -3.9% to -1.2%) vs. Q2 revised +2.2%; +0.4% y/y (range +0.1% to +0.8%) vs. Q2 revised +1.7% By Chikafumi Hodo TOKYO (MaceNews) – Japan’s real gross […]
US ISM Rpt Shows a Greater-Than-Expected Improvement for the Services Economy But Hiring Still Softened in October
WASHINGTON (MaceNews) – The momentum of the dominant services sector of the economy showed improvement beyond expectations in October, at 52.4 reading after September’s 50.0 index level, but hiring had continued to soften and suggests more of that to come. The chief of the purchasing managers survey, Steve Miller, told reporters that in the context […]
TRANSCRIPT: Fed Chair Powell Says December Rate Cut ‘Not a Foregone Conclusion’
–‘Strongly Differing Views’ About December FOMC WASHINGTON (MaceNews) – The following is a transcript of most of Federal Reserve Chair Jerome Powell’s Wednesday post-FOMC meeting news conference: … Beyond the next year or two, or so; however, most measures of longer-term expectations remain consistent with our 2% inflation goal. For monetary policy actions are guided […]
FOMC STATEMENT: Qtr-Point Cut as Expected; Ends Reduction of Aggregate Securities Holdings Dec 1
WASHINGTON (MaceNews) – The following is the Federal Open Market Committee’s policy statement released Wednesday: Available indicators suggest that economic activity has been expanding at a moderate pace. Job gains have slowed this year, and the unemployment rate has edged up but remained low through August; more recent indicators are consistent with these developments. Inflation […]
Conservative Ruling Party Leader Takaichi Elected Japan’s First Woman Prime Minister, Picks Former MOF Official Katayama as Finance Minister
By Chikafumi Hodo TOKYO (MaceNews) – Japan’s ruling Liberal Democratic Party leader Sanae Takaichi was sworn in as the country’s first woman prime minister on Tuesday, shifting the gear to the right on the political spectrum and inheriting the decades-old task to achieve economic growth that comes with sustained wage hikes and stable inflation. Takaichi, […]
Japan Weekahead: BOJ Board Member Who Called for September Rate Hike Speaks amid Elevated Inflation, Sluggish External Demand
– Diet to Elect Prime Minister after ruling LDP Lost its Small Coalition Partner By Max Sato (MaceNews) – Here are the key Japanese economic and political events for the coming week. Ahead of the Bank of Japan’s policy meeting on Oct. 29-30, one of the two board members who have called for a further […]
Powell Cites ‘Significant Downside Risks’ To Jobs; Puts Less Emphasis On Inflation
– Can’t Ease Too Quickly, But Easing Too Slowly Would Mean ‘Painful” Job Losses By Steven K. Beckner (MaceNews) – Federal Reserve Chairman Jerome Powell avoided giving an overt signal about what the Fed will do with interest rates later this month, but clearly leaned toward greater concern about a softening labor market than about […]
BofA Global Research: Managers Dumped Bonds in October Despite Expectations of Rate Cuts
By Vicki Schmelzer NEW YORK (MaceNews) – Global investors dumped bonds in October, despite expectations of future Fed cuts and continued concern about rising inflation, according to Bank of America Global Research’s monthly fund manager survey, released Tuesday. In October, a net 24% of portfolio managers were underweight bonds, versus a net 3% underweight in […]