White House and Other Schedules for Monday, Dec 11
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: President Biden returned to the White House from California at 9:26p ET Sunday night. He travels to Philadelphia Monday to deliver remarks on a public […]
Preview: Bank of Canada Expected to Keep Policy Rate at 22-Year High of 5% in Light of Softer Economic Data While Warning Underlying Inflation Still Too High
By Max Sato (MaceNews) – The Bank of Canada is widely expected to hold its policy interest rate steady for a third straight meeting on Wednesday in the face of sluggish GDP data and an uptick in unemployment. But BOC policymakers are also expected to warn against being complacent about the risk of prolonged inflation […]
Japan October Core CPI Annual Rate Edges Up to 2.9% on Reduced Energy Subsidies, Hotel Fee Jump After Easing to 13-Month Low of 2.8% in September
–Total CPI Picks Up to 3-Month High of +3.3% After Moderating to 12-Month Low of +3.0% in September –Core-Core CPI (Ex-Fresh Food, Energy) Annual Rate Eases Further to 7-Month Low of 4.0% from 4.2% in September, 42-Year High of 4.3% in August By Max Sato (MaceNews) – Consumer inflation in Japan picked up slightly in […]
FOMC Minutes Show FOMC Still Mired In Uncertainty While Cautiously Pausing
WASHINGTON (MaceNews) – The minutes of the latest Federal Open Market Committee Tuesday showed the policy setting body remained mired in uncertainty, preserving the option to hike again if data and other factors signal any setbacks in the campaign to pressure aggressive inflation into a sturdy path toward the 2% target. Unexpectedly strong data, on […]
White House and Other Schedules for Wednesday, Nov 15
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: COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULEFOR WEDNESDAY, NOVEMBER 15, 2023 – FRIDAY, NOVEMBER 17, 2023Wednesday, November 15, 2023 In the morning, the President will receive the […]
BofA Global Research Fund Manager Survey: Investors Prepare for Lower Yields in 2024
–Seventy-six percent of managers convinced Fed rate hike cycle over –Geopolitics become number one “tail risk” by Vicki Schmelzer NEW YORK (MaceNews) – Global investors prepared for lower yields in November, with cash levels falling and allocation to stocks and bonds on the rise, according to the findings of BofA Global Research’s monthly fund manager […]
White House and Other Schedules for Tuesday, Nov 14
WASHINGTON (MaceNews) – The following are Tuesday’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: COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULEFOR TUESDAY, NOVEMBER 14, 2023 – FRIDAY, NOVEMBER 17, 2023Tuesday, November 14, 2023 In the morning, the President will receive the […]
FOMC Stays On Hold But Tilts Toward Another Funds Rate Hike
– Powell: Policy ‘Restrictive’ But Must Be Confident It’s ‘Sufficiently Restrictive’ – Powell: FOMC Not Considering Rate Cuts Or Halting Quantitative Tightening – Powell: ‘Proceed Carefully’ In Deciding How Much More Higher Rates May Go – Powell Declines To Say Bond Yield Spike Substitutes For Fed Rate Hikes By Steven K. Beckner (MaceNews) – The […]
TRANSCRIPT: Fed Chair Powell’s Post-FOMC Q&A
WASHINGTON (MaceNews) – The transcript of Federal Reserve Chair Jerome Powell’s post-FOMC news conference: .>> Good afternoon, everyone. Welcome. My colleagues and I remain squarely focused on our dual mandate to promote maximum employment and stableness for the American people.
FOMC Keeps Rates Unchanged And Preserve Possibility of Future Tightening; Financial Conditions Tighter
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday fulfilled expectations for a stand-still policy statement, noting financial and credit conditions have tightened and job gains have moderated – “but remain strong.” The barer-bones statement, very similar to the language in the preceding statement, follows: Recent indicators suggest that economic activity expanded at a strong […]