<strong>White House and Other Schedules for Thursday, Feb 2</strong>
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, FEBRUARY 2, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]
<strong>FOMC Raises Funds Rate 25 BP; Sees ‘Ongoing’ Rate Hikes</strong>
– Powell Welcomes ‘Disinflation’ but Says Fed Has More Work To Do – Doesn’t See Rate Cuts This Year; Sees at Least ‘A Couple More’ Hikes – Rates Likely Need to Stay ‘Higher For Longer’ To Get Inflation to 2% – Not Yet Seeing Disinflation in Core Services Ex-Housing By Steven K. Beckner (MaceNews) – […]
TRANSCRIPT: Fed Powell’s News Conference
WASHINGTON (MaceNews) – The following is the transcript provided by the Federal Reserve of Fed Chair Jerome Powell’s post-FOMC news conference Wednesday:
FOMC Leaves ‘Ongoing Increases’ Appropriate in Statement on Quarter Point Hike
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday raises the federal funds rate by a quarter point to as high as 4.75% as expected, signaling it’s series of tightening moves is not yet complete. The policy statement repeated the key sentence, “The Committee anticipates that ongoing increases in the target range will be appropriate […]
<strong>US January ISM Manufacturing Remains in Contraction on Lower New Orders, Output</strong>
–ISM’s Fiore: May Have Turned Corner on Soft Orders; Expect Pickup in 2nd Half of 2023 –Fiore: Firms Keeping Headcounts to Prepare for Recovery in 2nd Half –Fiore: Manufacturing Relies on Domestic Demand but Firmer China Demand Positive By Max Sato (MaceNews) – U.S. manufacturing activity was in contraction territory for the third straight month […]
<strong>White House and Other Schedules for Tuesday, Jan 31</strong>
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, JANUARY 31, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]
<a href="https://craft.macenews.com/admin/entries/stories/52434-december-jobless-rate-stays-at-2-5-y-y-job-creation-continues-on-tourism-support-program">December Jobless Rate Stays at 2.5%; Y/Y Job Creation Continues on Tourism Support Program</a>
–Fewer Job Losses on Month but Number of People Who Start Looking for Work Rebounds, Keeping Unemployment Steady–Employment Growth Posts 5th Y/Y Straight Gain, Let by Hotels, Restaurants–Unemployed Marks 18th Straight Y/Y Drop; Now Below January 2020 Level (MaceNews) – Japan payrolls posted their fifth straight year-over-year growth in December as the tourism industry continued […]
Japan December Retail Sales Post Solid Gain; Freezing Weather Boosts Clothing Demand
–METI Keeps View: Retail Sales Picking Up; Sales Rebound on Month–Retail Sales Continue Rising Q/Q in Q4, Annual Pace Accelerates in 2022–Department Store Sales on Recovery Track, Shrinking Drop from Pre-Pandemic Levels–Demand for Cosmetics, Drugs Remains Strong; Auto Sales Dip After Recent Pickup By Max Satp (MaceNews) – Japanese retail sales posted the 10th straight […]
Japan December Industrial Output Nearly Flat on Slower Global Demand; Decline Smaller Than Expected
–METI Survey: Output Likely to Slump in January, Rebound in February–METI Keeps View After 2nd Straight Downgrade: Output Has Weakened–METI Repeats: To Watch Effects of a Rise in Covid Cases, Parts Shortages, Inflation By Max Sato (MaceNews) – Japan’s industrial production was nearly flat in December on cooling global demand, but down by a smaller-than-expected […]
Italy Faces Showdown on ESM Reform; Financial Stability Risks Ahead
– Market volatility set to rise, ruling parties at odds – EZ banking union progress could come to a halt By Silvia Marchetti ROME (MaceNews) – The rising prospect that Italy will reject proposed reform of the European Stability Mechanism could raise new doubts about European integration and the stability of the ruling center-right coalition. Sources from […]