NY Fed’s Williams: FOMC Has ‘Balancing Act’ Between Inflation, Employment
– Monetary Policy Still Restrictive; To Make Meeting-by-Meeting Judgment on Risks – Employment Risks Up; Inflation Pressure Lessening; Tariffs Not As Bad As Feared – Other Fed Officials More Hesitant To Cut Funds Rate Furthermore By Steven K. Beckner (MaceNews) – After cutting interest rates mid-month to guard against “undue” weakness in the labor market […]
Report: Japan, U.S. Mull Possible Trump Visit to Tokyo in Late October
By Chikafumi Hodo TOKYO (MaceNews) – Japan and the United States are in talks over a possible visit by President Donald Trump to Tokyo in October, ahead of his planned trip to South Korea for an international summit, Japanese public broadcaster NHK reported. The visit would mark the first in-person meeting between Trump and the […]
Japan Weekahead: September Tokyo CPI Seen Stable Under 3% after Bank of Japan Kept Policy Rate but Decided to Start Slow Process of Selling Off Assets
— Candidates for Ruling Party Leader, Thus Prime Minister, to Debate Campaign Platforms By Max Sato (MaceNews) – Here are the key Japanese political and economic events for the coming week. Ahead of the Oct. 4 election of the leader of the ruling conservative Liberal Democratic Party, and thus the prime minister, candidates will be […]
FOMC Cuts Fed Funds Rate 25 Basis Points; Further Rate Cuts Projected
– Powell: Increased Downside Labor Risks Motivated FOMC to ‘Move Toward Neutral’ – SEP Projects 3.6% Funds Rate End ‘25; 3.4% End ‘26; 3.1% End ‘27 By Steven K. Beckner (MaceNews) – After holding its interest rate settings steady for nine months, despite growing pressure from President Trump, the Federal Reserve finally lowered them Wednesday, […]
TRANSCRIPT: Fed’s Powell Says Quarter-Point Cut ‘Risk Management’ Rather Than Reaction to Actual Jobs Deterioriation
WASHINGTON (MaceNews) – The following is a transcript of Federal Reserve Chair Jerome Powell’s post-FOMC news conference Wednesday: Recent indicators suggest that growth of economic activity has moderated. GEP rose at a pace of around one and a half percent in the first half of the year, down from 2.5 percent last year. The moderation […]
FOMC POLICY STATEMENT – As expected, with quarter-point rate cut followed by dot-plot expectations for two more this year
WASHINGTON (MaceNews) – The Federal Open Market Committee’s Wednesday policy statement: Recent indicators suggest that growth of economic activity moderated in the first half of the year. Job gains have slowed, and the unemployment rate has edged up but remains low. Inflation has moved up and remains somewhat elevated. The Committee seeks to achieve maximum […]
Japan Weekahead: Ruling, Opposition Parties Gear Up for October Snap Elections Widely Expected after Conservative LDP Picks Leader
–Bank of Japan to Stand Pat amid Political Storm Following PM Ishiba’s Resignation, Board Monitors Trump Tariff Impact on Q3 Data–August Data to Highlight Tariff Impact: Japan Carmakers’ Discount Strategy Keeps Their US Market Share but Depresses Export Values–Core CPI to Ease Below 3% on Summer Fuel Subsidies, Yen’s Relative Strength Vs. Slump in Early […]
Japan’s Prime Minister Ishiba to Step Down, Citing Risk of Party Split
TOKYO (MaceNews) – Japanese Prime Minister Shigeru Ishiba resigned on Sunday, citing the conclusion of negotiations over U.S. tariff measures and calling it a “painful decision” aimed at preventing deep divisions within the ruling Liberal Democratic Party (LDP), according to national broadcaster NHK. Ishiba told reporters he must take responsibility for a string of election […]
US TARIFFS STATE OF PLAY – Punishing 50% Tariff on India Products Takes Effect; Online Shoppers to be Hit With Tariffs Friday
WASHINGTON (MaceNews) – There was no last-minute reprieve for India, as of midnight ET hit with one of the highest tariff rates in the world. The implementation of a 50% rate shuts off most trade with the U.S. and there have been many accounts of sectors of the Indian economy already feeling the severe effect. […]
Japan Still Sees Gradual Economic Recovery but Warns Some Uncertainty over Trade Deals lingers, Downgrading Its View on Exporter Profits
By Max Sato (MaceNews) – Japan’s government continues to believe that the domestic economy is expected stay on a “modest recovery” track after top negotiators from Tokyo and Washington have worked out some details of their bilateral trade deal reached last month but also warned that uncertainty over global growth is here to stay for […]