Analysis: Fed Ponders What Puts Out This Peculiar Inflation Fire
–Overheating or Super Squeezing? By Denny Gulino WASHINGTON (MaceNews) – Federal Reserve Chair Jay Powell Wednesday reassured his press conference viewers the central bank has the tools it needs to make sure aggressive inflation doesn’t last too long, reinforcing the narrative this inflation episode will meet its match. But what if the seeds of deflation […]
FOMC Doubles Taper to End Bond Buying in March as Inflation Forces Hawkish Tilt
—Three 2022 Rate Hikes Now Projected By FOMC Participants –Powell Hints At Quick Start To Funds Rate Liftoff After Taper Ends By Steven K. Beckner (MaceNews) – Federal Reserve policymakers moved dramatically, though not unexpectedly, Wednesday to adopt a more aggressive stance against inflation. The FOMC said it anticipates “similar reductions” in subsequent months, although […]
TEXT: FOMC Statement: Doubles Pace of Taper
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday met expectations for a doubling of the pace of tapering and participants increased their calls for three rate hikes next year. The text of the policy statement follows: The Federal Reserve is committed to using its full range of tools to support the U.S. economy in […]
BofA Global Research Fund Manager Survey: Global Investors Increase Cash Holdings In December In Anticipation of World Central Bank Tightening in 2022
–On Average, Investors Expect Fed Taper to End by April 2022 By Vicki Schmelzer NEW YORK (MaceNews) – Global investors increased their cash holdings in December, wary of putting new monies to work ahead of expected world central bank tightening in 2022, according to the findings of BofA Global Research’s monthly fund manager survey, released […]
Analysis: Inflation-Wary FOMC Seems Headed Toward a Quicker Pace of Tapering, Rate Hikes
– Wage-Price Trends Have Dramatically Changed the Fed’s Policy Calculus By Steven K. Beckner (MaceNews) – Who would have imagined just a short time ago that the Federal Reserve would not only be accelerating reductions of asset purchases before year’s end, but signaling an intention to raise short-term interest rates sooner and more rapidly than […]
No US Government Shutdown
By Eric Ham WASHINGTON (MaceNews) – The Senate late Thursday agreed with an earlier vote in the House and successfully avoided a government shutdown Friday night. The Senate vote was a bipartisan 69 to 28 to extend the current federal budget to Feb. 18. An earlier Senate vote that could have demolished the plan of […]
FOMC Minutes: No Wage-Price Spiral But Ready to Accelerate Taper if Inflation More Persistent, Aggressive
WASHINGTON (MaceNews) – The minutes of the Nov 2-3 Federal Open Market Committee meeting released Wednesday repeated familiar themes about pandemic-caused inflation factors, labor supply issues and so far, the absence of a wage-price spiral. Members advocated contninued vigilance about the intensity of price pressures. Fears that inflation expectations were being elevated beyond previous ranges […]
Transcript: Wht Hse Offl’s Brief Reports on Release from SPR
WASHINGTON (MaceNews) – The following is the White House transcript of the teleconference providing reporters with information about the announcement of a pending release of 50 million barrels of oil from the Strategic Petroleum Reserve, in coordination with some other countries: Background Press Call by Senior Administration Officials on Oil and Gas Prices Via Teleconference […]
Text of Joint Announcement by Regulators on Bank Handling of Crypto Assets
WASHINGTON (MaceNews) – The following is the text of the joint announcement of the Federal Reserve, FDIC and OCC on future regulatory work on bank handling of crypto assets: Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency November 23, 2021 Joint Statement on Crypto-Asset Policy Sprint […]
Text of Pres Biden’s Announcement of 50 Mln Bls Release from SPR
WASHINGTON (MaceNews) – The following is the text of the White House announcement Tuesday morning that the president is authorizing the release of 50 million barrels of oil from the Strategic Petroleum Reserve in coordination with China, India, Japan, South Korea and the UK: President Biden Announces Release from the Strategic Petroleum Reserve As Part […]