Fed’s Beige Book Survey Finds Mixed Signals As Economy Keeps Expanding ‘Modestly’
WASHINGTON (MaceNews) – The Federal Reserve’s Beige Book survey of economic conditions coast to coast Wednesday picked up a continuing modest expansion with ripples of softening prices and wage growth amid some signs of weakening demand. The wavering of some important indicators suggested a transition under way as rising interest rates recalibrate consumption and moderate […]
White House and Other Schedules for Thursday, Oct 13
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. data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR THURSDAY, OCTOBER 13, 2022 In the morning, the President will deliver remarks on how Bipartisan Infrastructure Law investments are helping to improve […]
FOMC Minutes Don’t Surprise; Riskier to Do Too Little
WASHINGTON (MaceNews) – The minutes of the latest Federal Open Market Committee meeting Wednesday largely mirrored the comments of Fed Chair Jerome Powell at the time, prompting benchmark Treasury security yields to ease as participants agreed it is riskier to tighten too little than too much. The minutes held no solace for anyone hoping for […]
White House and Other Schedules for Wednesday, Oct 12
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. data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR WEDNESDAY, OCTOBER 12, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting in the Oval Office […]
Chicago Fed’s Evans: Fed Must Make Policy More Restrictive but Not ‘Overdo’ It
– Fed Should Look for Place to ‘Rest’ in Raising Rates By Steven K. Beckner (MaceNews) – Chicago Federal Reserve Bank President said Monday that the Fed needs to keep making monetary policy more “restrictive,” but warned against “overdoing” its interest rate increases and suggested it should look for a place to “rest” or pause […]
Fed Gov. Waller: ‘Slightly Restrictive’ Monetary Policy Needs Become More So
– Inflation Too High to Consider Pause in Rate Hikes By Steven K. Beckner (MaceNews) – Lacking “meaningful progress” against inflation and any “trade-off” between inflation and unemployment, U.S. monetary policy should move “aggressively” from “slightly restrictive” to more restrictive, Federal Reserve Governor Christopher Waller said Thursday evening. Waller, known as one of the more […]
Japan September Tokyo Core CPI Rises Further on Food, Durable Goods Amid Elevated Producer Costs 
BOJ September Meeting Summary: Watch for Inflation, Pandemic, Global Recession
By Max Sato (MaceNews) – Bank of Japan board members debated upside risks to inflation without substantial wage growth, which could be made worse by the lingering drag from the pandemic, according to the summary of opinions expressed at the bank’s Sept. 21-22 meeting released Monday. The summary, a preview of the minutes to be […]
Preview: BOJ Tankan Manufacturers’ Sentiment Seen Up in September, Services Down
–End to Covid Lockdown in Shanghai Supports Factory Operations –Downside Risks Arise from Global Slowdown amid Tightening by US, Others –Spike in Japan Covid Cases, High Import Costs Hit Services Sector –Business Confidence in December Projected to Be Mixed –Smaller Firms Expected to Revise Up Their Combined FY22 Capex Plans Further By Max […]
St Louis Fed President Bullard: ‘Abrupt, Forceful’ Action Needed to Lower Inflation
Rates Will Need to Stay ‘Higher For Longer’ – ‘For Some Time’ Strong Labor Market, Other ‘Bullish Factors’ Give Fed ‘Room” To Battle Inflation Rejects ‘Bad Idea’ Of Settling for Inflation Above 2% U.S. ‘Vulnerable’ to Recession but Should Be Able To Avoid It, Barring Major Shocks By Steven K. Beckner (MaceNews) – St. Louis […]