Powell Repeats Further Rate Hike Signal; Objects to ‘Pause’ Description
– Outlines Fed’s Balance Sheet Reduction Strategy By Steven K. Beckner (MaceNews) – Federal Reserve Chair Jerome Powell reaffirmed Wednesday his strong message that the Fed will be raising short-term interest rates again in all probability. Testifying on the Fed’s semi-annual Monetary Policy Report to Congress, Powell largely reiterated what he said last Wednesday after the Fed’s […]
White House and Other Schedules for Wednesday, June 21
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 FORWEDNESDAY, JUNE 21, 2023In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Later, the […]
White House and Other Schedules for Tuesday, June 20
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 MONDAY, JUNE 19, 2023 In the morning, the President will receive the President’s Daily Briefing. This meeting will be closed […]
BOJ Keeps Easing Stance to Pursue Stable 2% Inflation, Wage Growth; Repeats April Outlook for Modest Economic Recovery, Slower CPI in Fiscal 2023
–BOJ Repeats: To Patiently Continue with Easing while Nimbly Responding to Developments in Economic Activity, Prices, Financial Conditions –Ueda in May 19 Speech: Need to See Wage Hikes Spread to Smaller Firms; Will Take Some Time to Achieve 2% Inflation Target By Max Sato (MaceNews) – The Bank of Japan said Friday its policy board […]
White House and Other Schedules for Friday, June 16
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 16, 2023 In the morning, the President will receive the President’s Daily Briefing. This meeting will be closed press. […]
White House and Other Schedules for Thursday, June 15
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, JUNE 15, 2023 In the morning, the President will receive the President’s Daily Briefing. This meeting will be closed […]
Japan April Machine Orders Rebound on Solid Computer Demand from Service Providers; Orders from Manufacturers Down for 2nd Month in A Row
–Cabinet Office Keeps View: Machine Orders Pausing By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, rebounded in April after two months of decline, led by solid demand from the non-manufacturing sector as Japan is playing catchup in easing Covid restrictions and reopening the economy, data released […]
Japan May Exports Post Slight Gain on Autos amid Improving Supply Chains but Pace Continues to Slow on Cooling Global Chip Demand
–Imports Mark 2nd Y/Y Drop in A Row on Easing Energy Prices –Japan Posts 22nd Straight Monthly Trade Deficit–Exports to China Mark 6th Straight Y/Y Drop on Iron and Steel By Max Sato (MaceNews) – Japanese export values posted a slight gain as recovering supply chains supported automobile shipments to the U.S. and Europe but […]
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 […]