Williams, Bostic: Fed Should Be in No Rush To Start Cutting Interest Rates
Fed officials in no rush to cut rates
Fed’s Beige Book Sees Slight, Soft Expansion Lately But Cautious Optimism
WASHINGTON (MaceNews) – The Federal Reserve’s Beige Book survey of national economic activity released Wednesday found some expansion but seemingly less than in some recent government statistics while there remained sustained cautious optimism. The survey, assembled by the Fed’s Boston bank for review in the April 30-31 Federal Open Market Committee meeting, said 10 of […]
BofA Global Research Fund Manager Survey: Managers Prefer Equities, Commodities, Dump Bonds in April
fund managers switch to equities, commodities
White House and Other Schedules for Thursday, April 11
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 DAILY GUIDANCE AND PRESS SCHEDULE FOR THURSDAY, APRIL 11, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In the afternoon, the President […]
FOMC Minutes Show Central Bank Bedeviled by Uncertainty, Unsure of Future Rate Cuts But Still Hoping For This Year
WASHINGTON (MaceNews) – The Federal Open Market Committee’s latest meeting saw a cautious wariness about the possible arrival of worse data – anticipating the day’s CPI — but still hopeful for a rate cut or more later this year, according to the minutes of the meeting released Wednesday. The portion of the minutes devoted to […]
Bank of Canada Keeps Policy Rate at Restrictive 5% for 6th Straight Meeting but Points to Easing Price, Wage Pressures; Governor Won’t Rule Out a June Rate Cut
–Governing Council Looking for Evidence Downward Momentum in Inflation Is Sustained–Governor Macklem: Lowering Policy Rate Too Early or Cutting Too Fast Could Jeopardize Progress Made Bringing Inflation Down–Macklem: A June Rate Possible on Condition Policymakers Become More Confident that Inflation is Clearly on Path to 2% By Max Sato (MaceNews) – The Bank of Canada […]
Japan March Producer Inflation Picks Up Slightly to 0.8% from January’s 0.7% as Base Effect of Utility Subsides Has Waned, Import Costs Up on Weak Yen
—Producer Inflation Has Slowed from Recent Peak of 10.6% in December 2022 Amid Relatively Tame Commodities Markets–Producer Prices Up 0.2% M/M on Non-Ferrous Metals, Farm Produce, Utilities By Max Sato (MaceNews) – Producer prices in Japan rose 0.8% on the year in March, as expected, accelerating slightly from an upwardly revised 0.7% rise in February […]
Preview: Bank of Canada Expected to Keep Policy Rate at 5%, Facing Tough Decision Ahead as Jobless Rate Rises but Wage Pressures Remain
–Governing Council Monitoring Inflation Expectations, Wage Growth, Corporate Pricing–Governor Macklem Wants to See Clear Downward Momentum in Underlying Inflation By Max Sato (MaceNews) – The Bank of Canada is widely expected to maintain its policy interest rate – the target for overnight lending rates – at 5.0% on Wednesday for the sixth straight meeting as […]
ISM: US Services Sector Expands for 15th Straight Month in March but Key Index Unexpectedly Slips on Slower New Orders Growth, Weaker Employment
US service sector growth slows
Japan March Tokyo Core CPI Annual Rate Eases Slightly to 2.4% after Rising to 2.5% in February on Waning Base Effect of Utility Subsidies
Tokyo core CPI declines