Japan Intervenes in Forex Market to Stop One-Sided, Rapid Yen Fall

–Finance Minister Suzuki Says Govt Steps in To Stem Speculative Move –MOF Suzuki: To Take Necessary Steps on Excessive Fluctuations –BOJ Kuroda: No Need to Change Basic Yield Curve Control Easing Guideline for 2 to 3 Years –BOJ Kuroda Before Intervention: YCC Designed to Correct Tight Yen Funds in Event of Yen-Buying FX Operations   –BOJ […]

White House and Other Schedules for Thursday, Sept 22

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:    COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FOR THURSDAY, SEPTEMBER 22, 2022 Thursday, September 22, 2022 In the morning, the President will host a bilateral meeting with President […]

FOMC Lifts Funds Rate 75 Basis Points, Projects More Rate Increases Before Pause

– Powell Vows ‘Quickly’ To Get To ‘Restrictive’ Stance; Stay There ‘Til Job Is Done’ – SEP Revises Rate Projections Sharply Higher: Median 4.4% End-22; 4.6% End-23 – Unemployment Projected to Rise to 4.4% Next Year As GDP Growth Slows to 1.2% By Steven K. Beckner (MaceNews) – The Federal Reserve took another momentously aggressive […]

Transcript: Fed Chair Powell’s Post-FOMC Q&A

WASHINGTON (MaceNews) – Federal Reserve Chair Jerome Powell’s opening statement at his post-Federal Open Market Committee news conference Wednesday followed by his answers to reporters’ questions: Price stability is the responsibility of the Federal Reserve and serves as the bedrock of our economy. Without it the economy does not work for anyone. In particular, we […]

FOMC Does the Expected, a 0.75% Rate Hike Along With a By-the-Numbers Policy Statement

WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday delivered its third consecutive 0.75% federal funds rate hike as expected, limiting its policy statement mostly the language already used on July 27. There were no dissents. The policy statement follows: Recent indicators point to modest growth in spending and production. Job gains have been robust […]

White House and Other Schedules for Wednesday, Sept 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. data and Federal Reserve events:    COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FOR WEDNESDAY, SEPTEMBER 21, 2022 – THURSDAY, SEPTEMBER 22, 2022 Wednesday, September 21, 2022 In the morning, the President will deliver […]

White House and Other Schedules for Tuesday, Sept 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. data and Federal Reserve events:    COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULEFOR TUESDAY, SEPTEMBER 20, 2022 – THURSDAY, SEPTEMBER 22, 2022 Tuesday, September 20, 2022 In the afternoon, the President will deliver […]

Japan August Inflation Hits 3-Decade High on Widespread Markups; More Price Hikes Coming

–Utilities Lead Rising Energy Costs; Gasoline Price Rise Slows on Subsidies, Softer Market –Core CPI +2.8% Y/Y Nearly 31-Year High Excluding 2014, 1997 Sales Tax Hikes Impact–Total CPI +3.0% Y/Y Also Nearly 31-Year High, Excluding Booster Effects of Sales Tax Hikes  –Even Narrow CPI (Ex-Fresh Food, Energy) Up 1.6% Y/Y, More than 29-Year High By […]