Preview: Bank of Canada Seen Keeping Rates Steady in Conditional Pause Amid Tight Labor Market, Slowing Global Demand
By Max Sato (MaceNews) – The Bank of Canada is expected to maintain its policy interest rate – the target for overnight lending rates – at 4.50 percent on Wednesday in what its policymakers call a “conditional” pause during the current tightening cycle that began in March last year. The labor market remains tight and […]
Chi Fed’s Goolsbee: Less Need For Rate Hikes if Bank Credit Conditions Tighten
By Steven K. Beckner (MaceNews) – New Chicago Federal Reserve Bank President Austan Goolsbee cautioned Tuesday against raising interest rates “too aggressively,” because probable credit tightening in wake of recent bank failures is likely to make the Fed’s anti-inflation job “easier” and leave it with fewer rate hikes to have to implement.. Goolsbee, a voting […]
White House and Other Schedules for Tuesday, April 11
WASHINGTON (MaceNews) – The following are Tuesday’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: COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FORTUESDAY, APRIL 11, 2023 – SATURDAY, APRIL 15, 2023 Tuesday, April 11, 2023 In the morning, the President will receive the […]
BOJ’s New Governor Ueda Sees No Need to Change Yield Curve Control Policy Framework or Accord with Government
By Max Sato (MaceNews) – Bank of Japan Governor Kazuo Ueda said it is “appropriate” to continue seeking stable and sustainable 2% inflation under the bank’s yield curve control policy framework, indicating that there will be no major change to the current monetary easing stance at the April 27-28 meeting. He told an inaugural news […]
White House and Other Schedules for Monday, April 10
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. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, APRIL 10, 2023 In the morning, The President and the First Lady will host the 2023 White House Easter Egg Roll, […]
White House and Other Schedules for Friday, April 7
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 FORFRIDAY, APRIL 7, 2023 The President has no public events scheduled. In-Town Pool Wires: AP, Reuters, BloombergWire Photos: AP, Reuters, AFP, NYTTV Corr […]
Japan February Household Spending Posts Modest Y/Y Rebound on Eating Out, Travel After Public Health Rules Eased
–Govt Official: Household Spending Recovering Despite M/M Drop; Still Below Pre-Pandemic Level –Spending on Hotels, Package Tours Continues Rising on Tourism Support Program –February’s Y/Y Rise Led Also by Higher Electric Heating Use during Freezing Weather in Late January–Real Household Income Posts 5th Straight Y/Y Drop on High Costs for Food and Despite Energy Subsidies […]
White House and Other Schedules for Thursday, April 6
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, APRIL 6, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting in the Oval Office will […]
ISM: US March Service Sector Activity Loses Steam on Slower New Orders, Mixed Labor Market
–ISM’s Nieves: Activity Coming Off from Unsustainable Growth Rate Seen Before December Plunge –Nieves Sees Employment as “Mixed Bag”: Tech Firms Cut Jobs, Some Other Industries Struggling to Find Qualified Workers –Nieves: Inflationary Pressures Have Moderated; Hope Fed Rate Hike Pace Not So High as Before By Max Sato (MaceNews) – Business activity in the […]
White House and Other Schedules for Wednesday, April 5
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, APRIL 5, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]