<strong>ISM: US January Service Sector Activity Rebounds on New Orders Due to Some Carryover from 2022</strong>
–ISM’s Nieves: Service Index a Little Bit Ahead of Its Time: Post-Holiday Pickup Usually Comes in Late January to Early February –Nieves: Employment Flat as Some Firms Cut Jobs While Others Still Trying to Fill Vacancies By Max Sato (MaceNews) – Business activity in the U.S. service sector bounced back into growth territory at the start […]
<strong>White House and Other Schedules for Friday, Feb 3</strong>
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 FORFRIDAY, FEBRUARY 3, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In the afternoon, […]
<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. […]
<strong>White House and Other Schedules for Monday, Jan 30</strong>
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 FOR MONDAY, JANUARY 30, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In […]
<strong>White House and Other Schedules for Friday, Jan 27</strong>
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, JANUARY 27, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In […]