FOMC Cuts Funds Rate 25 BP, Projects Single 25 BP Cut By End Of 2026
– Powell Signals Pause, Saying FOMC Can Now ‘Wait and See’ How Economy Evolves – Powell: After 175 BP of Easing, Funds Rate in ‘Plausible’ Range of ‘Neutral’ – FOMC Declares Reserves ‘Ample’; to Start Buying Shorter Term Treasuires By Steven K. Beckner (MaceNews) – At their final monetary policy meeting of 2025 Wednesday, a […]
TRANSCRIPT: Fed Chair Powell Sees Policy Rate Within Range of Neutral Rate and Payrolls Now Negative
WASHINGTON (MaceNews) – The following is a rough transcript of Federal Reserve Chair Jerome Powell’s post-FOMC news conference Wednesday:
TRANSCRIPT: President Trump and NY Mayor-Elect Mamdani Q&A – White House pool report
WASHINGTON (MaceNews) – The following is a transcript of the extended Q&A session of President Trump and New York Mayor-elect Zohran Mamdami which began at 3:37 p.m. ET Friday: Trump: I thank you very much. We’ve just had a great meeting, very productive meeting. One thing in common, we want this city of ours that […]
Fed Officials Showing Caution, Even As Some Call for December Rate Cut
– Goolsbee, Hammack, Cook All Uneasy About Moving Again Next Month – Waller Strongly Supports December Rate Cut By Steven K. Beckner (MaceNews) – With the Federal Reserve’s last monetary policy meeting of the year just three weeks away, many Fed officials are exhibiting greater reluctance to continue interest rate reductions, while some continue to […]
UPDATE: Japan Weekahead: October Exports Seen Up but Sluggish, Academic Type BOJ Board Member Koeda to Make Debut Speech Before December Meeting
–MOF has made a rare change to its trade statistics release date, citing the need to ensure the accuracy of the latest figures after finding that it failed to move parts of collected data over to a new customs computer system on Oct. 12. By Max Sato (MaceNews) – Here are the key Japanese economic […]
TRANSCRIPT: Fed Chair Powell Says December Rate Cut ‘Not a Foregone Conclusion’
–‘Strongly Differing Views’ About December FOMC WASHINGTON (MaceNews) – The following is a transcript of most of Federal Reserve Chair Jerome Powell’s Wednesday post-FOMC meeting news conference: … Beyond the next year or two, or so; however, most measures of longer-term expectations remain consistent with our 2% inflation goal. For monetary policy actions are guided […]
FOMC STATEMENT: Qtr-Point Cut as Expected; Ends Reduction of Aggregate Securities Holdings Dec 1
WASHINGTON (MaceNews) – The following is the Federal Open Market Committee’s policy statement released Wednesday: Available indicators suggest that economic activity has been expanding at a moderate pace. Job gains have slowed this year, and the unemployment rate has edged up but remained low through August; more recent indicators are consistent with these developments. Inflation […]
Conservative Ruling Party Leader Takaichi Elected Japan’s First Woman Prime Minister, Picks Former MOF Official Katayama as Finance Minister
By Chikafumi Hodo TOKYO (MaceNews) – Japan’s ruling Liberal Democratic Party leader Sanae Takaichi was sworn in as the country’s first woman prime minister on Tuesday, shifting the gear to the right on the political spectrum and inheriting the decades-old task to achieve economic growth that comes with sustained wage hikes and stable inflation. Takaichi, […]
Japan Weekahead: BOJ Board Member Who Called for September Rate Hike Speaks amid Elevated Inflation, Sluggish External Demand
– Diet to Elect Prime Minister after ruling LDP Lost its Small Coalition Partner By Max Sato (MaceNews) – Here are the key Japanese economic and political events for the coming week. Ahead of the Bank of Japan’s policy meeting on Oct. 29-30, one of the two board members who have called for a further […]
Japan LDP Leader Takaichi’s Premiership Prospects in Limbo After Sudden Exit of Coalition Partner, Stirring Market Uncertainty
By Chikafumi Hodo TOKYO (MaceNews) – Sanae Takaichi, who became the Liberal Democratic Party’s first female leader in early October, is facing a critical moment after the abrupt departure of its long-time coalition partner, Komeito, ending more than a quarter-century of alliance. The unexpected breakup could heighten volatility in Japanese stocks, government bonds and currency […]