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
Preview: BOJ March Quarter Tankan to Show Major Manufacturers’ Sentiment Posts 1st Drop in 4 Quarters as Suspended Vehicle Output Causes Widespread Downturn
Forecasters see Tankan report showing weaker outlook
Japan Govt Keeps Its View on Moderate Economic Recovery After Downgrade Last month, March BOJ Rate Hike as Many Firms Offer Higher Wages to Secure Workers
Japan sees moderate recovery continuing
FOMC Leaves Funds Rate Unchanged; No Clear Signal When Rate Cuts To Start
– 2024 Rate Cut Projections Stay at Three – to 4.6%; Rate Cuts Trimmed for 2025, 2026 – Powell: FOMC Wants ‘Confirmation’ Inflation Falling After Jan, Feb Data – Powell: FOMC Could Decide To Curb Balance Sheet Run-off “Fairly Soon” By Steven K. Beckner (MaceNews) – Not long ago, many were expecting the Federal Reserve […]
TRANSCRIPT: Fed Powell’s Post-FOMC News Conference Offers No Surprises … Again
WASHINGTON (MaceNews) – The transcript of Federal Reserve Chair Jerome Powell’s post-FOMC meeting news conference Wednesday follows:
White House and Other Schedules for Wednesday, March 20
WASHINGTON (MaceNews) – The following are Wednesday’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 FORWEDNESDAY, MARCH 20, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Then, the […]
BofA Global Research Fund Manager Survey: Cash Levels Edge Up as Global Investors Rethink Inflation/Interest Rate View
By Vicki Schmelzer NEW YORK (MaceNews) – Cash allocations nudged higher in March, driven by global investors rethinking their views about inflation and the outlook for lower interest rates, according to BofA Global Research’s monthly fund manager survey, released Tuesday. Average cash balances were 4.4% this month compared to 4.2% in February and 4.8% […]
White House and Other Schedules for Monday, March 18
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, MARCH 18, 2024 The President and the First Lady will host a Women’s History Month reception at the White […]