Japan Sept Household Spending Posts 4th Straight Y/Y Rise, Rebounds M/M as Covid Spike Eases
–Spending on Travel, Dining Stays Above Sept 2021 When Covid State of Emergency Was in Place –Real Household Income Edges Up but Real Wages Still Down Amid Rising Cost of Living –July-Sept Household Spending Dips Q/Q, Indicating Only Limited Consumption Boost in Q3 GDP Growth By Max Sato (MaceNews) – Japan’s real household spending posted […]
White House and Other Schedules for Monday, Nov 7
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. data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR MONDAY, NOVEMBER 7, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In […]
White House and Other Schedules for Friday, Nov 4
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. data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR FRIDAY, NOVEMBER 4, 2022 In the morning, the President will deliver remarks at an American technology company that will benefit from passage […]
ISM: US October Service Sector Growth Slows Amid Uncertainty; Supply Delays Linger 
–ISM’s Nieves: Concerned About Corporate Mindset of Cost Containment at Threat of Recession–ISM’s Nieves: Service Providers See No Recession in 2022, Some Pullback in 2023 –ISM’s Nieves Agrees with ISM Manufacturing Outlook: Contraction Ahead but Not Necessarily Recession By Max Sato (MaceNews) – U.S. service sector growth slowed for the second straight month in October […]
White House and Other Schedules for Thursday, Nov 3
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. data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR THURSDAY, NOVEMBER 3, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. After, the […]
FOMC Lifts FFR 75 BP to 3.75-4.0%; Projects More Rate Hikes
Powell Says Slower Pace of Hikes Could Come in Next Two Meetings But Powell Says Rates May Have To Go Higher Than Projected in September And Powell Says It’s ‘Very Premature’ To Talk About Pausing Rate Hikes Also Warns Against ‘Mistake’ Of Loosening Monetary Policy ‘Prematurely’ FOMC Says Funds Rate Needs To Get ‘Sufficiently Restrictive’ […]
TRANSCRIPT: Federal Reserve Chair Powell’s Q&A Session Following FOMC Meeting
WASHINGTON (MaceNews) – The following is the transcript of Federal Reserve Chair Jerome Powell’s Wednesday news conference following the latest Federal Open Market Committee meeting: JEROME POWELL: Price stability is the responsibility of the federal reserve and serves as the bed rock of our economy. PRESS MEMBER: Thank you. Colby Smith with the Financial Times […]
FOMC Hikes 75 BPS As Expected; Adds Language to Anticipate Stance ‘Sufficiently’ Restrictive
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday hiked the federal funds rates another 75 basis points as widely expected, adding language in the policy statement that highlights the need to reach a stance that is sufficiently restrictive allowing for lags in policy effects. The decision prompted an immediate improvement in U.S. stocks and […]
White House and Other Schedules for Wednesday, Nov 2
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. data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR WEDNESDAY, NOVEMBER 2, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In the afternoon, […]
Bank of Canada’s Macklem: Getting Closer to End of Tightening Phase but Not There Yet
–Governor Repeats: Concerned About Upside Risks to Inflation Outlook–Macklem: Short-Term Pain of Rate Hikes for Long-Term Gain in Price Stability By Max Sato (MaceNews) – Bank of Canada Governor Tiff Macklem on Tuesday indicated that the bank’s aggressive tightening mode is coming closer to an end but also stressed its job to restore price stability […]