FOMC Keeps 5-5.25% Funds Rate but Warns Hikes Will Resume If Inflation Disappoints
– Powell: Not Enough Progress on Core Inflation; ‘Have to Keep at It’ – Fed Will Do ‘Whatever It Takes’ To Reduce Inflation to 2% – FOMC Participants Revise Funds Rate Projections Higher: FFR Seen At 5.6% End 2023 By Steven K. Beckner (MaceNews) – Interrupting its long campaign of anti-inflationary monetary tightening measures, the […]
White House and Other Schedules for Wednesday, June 14
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, JUNE 14, 2023In the morning, the President will receive the President’s Daily Briefing. The Vice President will attend. This […]
BofA Global Research Fund Manager Survey: Global Investors Add To Equity Shorts, Pare Bonds and Cash Longs in June
— Investors Eye Improved World Growth Outlook, Fret ‘Big Tech’ Longs, AI/Tech Bubble By Vicki Schmelzer NEW YORK (MaceNews) –Global investors added to equity short positions and pared bond and cash long positions in June, with the latter driven by an improved world growth outlook, according to the findings of BofA Global Research’s monthly fund […]
White House and Other Schedules for Tuesday, June 13
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: DAILY GUIDANCE AND PRESS SCHEDULE FOR TUESDAY, JUNE 13, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]
FOMC Faces Tough Choice of Policy Options: Hike, Skip or Pause
– At Issue: The Funds Rate May Be ‘Restrictive,’ But Is it ‘Sufficiently Restrictive‘? By Steven K. Beckner (MaceNews) – In the run up to the Federal Reserve’s mid-June monetary policy meeting we’ve been witnessing a kind of clinic on central bank communication or, some would say, miscommunication. With key data yet to arrive and […]
White House and Other Schedules for Monday, June 12
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, JUNE 12, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]
White House and Other Schedules for Friday, June 9
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, JUNE 9, 2023 In the morning, the President and the First Lady will travel to Rocky Mount, North Carolina. The departure from the North Grounds will be […]
White House and Other Schedules for Thursday, June 8
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 FORTHURSDAY, JUNE 8, 2023 In the morning, the President will hold a bilateral meeting with Prime Minister Rishi Sunak of the […]
Japan Q1 GDP Solid Growth Revised Up Sharply on Unexpected Jump in Private Inventories; Capex Firmer Than in Initial Estimate, Public Works Less Strong
–Consumer Spending on Services, Rebound in Business Investment Lead Economic Growth as in Preliminary Data –Net Exports Down Amid Slowing Global Demand–Q4’s Slight Contraction Revised Up to Slight Growth, Making Q1 GDP 2nd Straight Quarterly Rise –Q2 GDP Seen Supported by Consumption Without Covid Restrictions but High Prices Remain Headwind By Max Sato (MaceNews) – […]
Preview: Japan Q1 GDP Solid Growth Seen Revised Up Slightly; Capex Appears to Be Firmer Than in Initial Estimate, Public Works Less Strong
–Consumer Spending on Services, Rebound in Business Investment Lead Economic Growth –Net Exports Drop Amid Slowing Global Demand –Q2 GDP Seen Supported by Consumption Without Covid Restrictions but High Prices Remain Headwind By Max Sato (MaceNews) – Japan’s solid economic growth led by resilient consumer spending in the January-March quarter is expected to be revised […]