BofA Global Research Fund Manager Survey: Global Investors Test Waters in Equities in May, Remain Risk Averse
By Vicki Schmelzer NEW YORK (MaceNews) – Global investors dipped their toes back into equities in May but largely clung to bond and cash holdings, according to the findings of BofA Global Research’s monthly fund manager survey, released Wednesday. Uncertainty about the health of the world economy and central banks’ ability to rein in inflation […]
Japan April Producer Inflation Eases Further to 5.8% from March’s 7.4% on Energy Subsidies, Weaker Lumber, Non-Ferrous Metals
–April’s 5.8% Lowest Y/Y Rise Since 5.7% in August 2021 –December’s 10.6% Surge Remains Highest in 42 Years By Max Sato (MaceNews) – Producer inflation in Japan eased for the fourth straight month in April as the government’s expanded utilities subsidies continued to cap energy costs and slowing global demand has cooled off many commodities […]
White House and Other Schedules for Friday, May 12
WASHINGTON (MaceNews) – The following are Friday’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 FRIDAY, MAY 12, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be […]
White House and Other Schedules for Thursday, May 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 and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR THURSDAY, MAY 11, 2023 In the morning, the President will receive the President’s Daily Briefing. The Vice President will attend. This […]
White House and Other Schedules for Wednesday, May 10
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, MAY 10, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]
Bank of Canada’s Macklem: Prepared to Hike Rates If Inflation Shows Signs of Being Stuck Well Above 2% Target
–Governor Repeats: Too Early to Think About Rate Cuts; To Make Decisions When Economy Needs Them (MaceNews) – The Bank of Canada’s policymakers are prepared to raise interest rates again if inflation shows signs that it is stuck well above their 2% target, Governor Tiff Macklem said in a speech at the Toronto Regional Board […]
Fed’s Powell Says Says Re Future Rate Hikes, No Explicit Pause, Just a Period of Assessment of Effects of Credit Tightening, Other Factors
By Denny Gulino WASHINGTON (MaceNews) – After fulfilling expectations for another rate hike of just a quarter point, Federal Reserve Chair Jerome Powell Wednesday said the FOMC did not decide on an explicit pause in future rate hikes, but is assessing the cumulative effects of those already accomplished as well as the effect of any […]
TRANSCRIPT: Fed Chair Powell’s Post-FOMC News Conference
WASHINGTON (MaceNews) – The Federal Reserve’s transcript of Wednesday’s news conference held by Fed Chair Jerome Powell following the meeting of the policy-setting Federal Open Market Committee follows:
FOMC Raises Fed Funds Another Quarter Point, Assesses Need for Further Tightening; No Hint of Future Ease
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday fulfilled expectations for a 10th consecutive rate hike, this time of another quarter point, while hinting it is pausing to see whether further tightening “may” be necessary. The policy statement said the effects of anticipated credit tightening and other negative factors is still uncertain and that […]
ISM: US April Service Sector Activity in Expansion Territory for 4th Straight Month on Slight Uptick in New Orders
–ISM’s Nieves: Employment Remains a Mixed Bag; Some Cutting Jobs, Others Struggling to Find Workers –Nieves: Firms Mostly Positive but Preparing for Headwinds; Expect Clearer Outlook in May 8 Release of Semi-Annual Survey –Nieves: Business Activity May Rise in May After Slowing in April By Max Sato (MaceNews) – Business activity in the U.S. […]