White House and Other Schedules for Wednesday, Sept 13
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 FOR WEDNESDAY, SEPTEMBER 13, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]
Japan August Producer Inflation Eases Further 3.2% Y/Y from July’s 3.4% on Utility Subsidies, Plunging Lumber Prices
–Producer Prices Post 2nd Straight M/M Rise on Higher Fuel Costs, Sustained Rebound in Non-Ferrous Metals –August’s 3.2% Y/Y Rise Stays Lowest Since 1.0% in March 2021 –December 2022’s 10.6% Surge Remains Highest in 42 Years By Max Sato (MaceNews) – Producer inflation in Japan eased for the eighth straight month in August, staying at […]
BofA Global Fund Manager Survey: Higher Inflation Worries at Odds with Reduced Recession Fears and US Rate Cut Anticipation
By Vicki Schmelzer NEW YORK (MaceNews) – Inflation concerns spiked in September and were at odds with lower recession fears and increased anticipation of Federal Reserve rate cuts, according to the findings of BofA Global Research’s monthly fund manager survey released Tuesday. In September, a net 69% of fund managers looked for lower global consumer […]
White House and Other Schedules for Thursday, Sept 7
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 and Federal Reserve events: COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, SEPTEMBER 7, 2023 – MONDAY, SEPTEMBER 11, 2023 In the morning, the President will receive the President’s Daily […]
Fed’s Beige Book Survey Finds Modest Expansion in Eight of Twelve Districts; Hiring Slows
WASHINGTON (MaceNews) – The Federal Reserve’s latest Beige Book survey of coast-to-coast economic conditions Wednesday found slower hiring, expanded auto sales, less prices growth that amounted to “modest” expansion in most Fed districts. _ The tone of the report, assembled by the Kansas City Fed, seemed less dynamic than those in the recent past, somewhat […]
Bank of Canada Keeps Policy Rate at 22-Year High of 5% After Surprise Contraction in Q2 GDP but Keeps Door Open for Further Tightening
–Governing Council Remains Concerned About Sticky Underlying Inflationary Pressures, Prepared to Hike Policy Rate further if needed By Max Sato (MaceNews) – The Bank of Canada on Wednesday maintained its policy interest rate – the target for overnight lending rates – at a 22-year high of 5.0% on Wednesday after two consecutive rate hikes in […]
White House and Other Schedules for Wednesday, Sept 6
WASHINGTON (MaceNews) – The following are Wedesday’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 WEDNESDAY, SEPTEMBER 6, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]
Preview: Bank of Canada Expected to Keep Policy Rate at 5% Wednesday after Weak Q2 GDP Data
By Max Sato (MaceNews) – The Bank of Canada is expected to leave its policy interest rate at a 22-year high 5.0% on Wednesday after raising it by 25 basis points each in June and July in the wake of weak second quarter GDP data, but the outlook remains uncertain as to whether the bank […]
US August ISM Manufacturing in Contraction for 10th Straight Month on Slow New Orders but Output Balanced, Job Cuts Less Severe
–ISM’s Fiore: We Are in A Trough, Moving Toward Stability –Fiore: Firms Managing Head Counts Primarily Through Attrition By Max Sato (MaceNews) – U.S. manufacturing activity was in contraction territory for the 10th straight month in August as new orders remained sluggish but the pace of overall slowdown eased from July, raising hopes that the […]
Powell: Fed Ready to Raise Rates Further To Reduce Inflation To 2%
– Funds Rate Now ‘Restrictive’ But Unsure If It’s ‘Sufficiently Restrictive’ – FOMC Can Afford to Proceed ‘Carefully’ – Will Watch for Evidence of Progress on Inflation, Labor Market Tightness By Steven K. Beckner (MaceNews) – Federal Reserve Chair Jerome Powell expressed a mild, but clear bias toward additional monetary tightening in an anxiously awaited […]