White House and Other Schedules for Friday, June 10
WASHINGTON (MaceNews) – The following are Friday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events: Friday, June 10, 2022 The President will deliver remarks at the Port of Los Angeles. The President will host a leaders retreat and working luncheon with heads of state […]
Japan May Producer Inflation Eases on Slower Crude Oil Rise After Hitting 41-Year High in April
–BOJ’s Kuroda Committed to Easing Stance Despite Weak Yen, Seeing Slower Prices in FY23 By Max Sato (MaceNews) – Producer inflation in Japan eased in May to 9.1% on the year as crude oil and non-ferrous metal prices fell from the previous month, reflecting recent international markets, but April’s 9.8% spike, although downwardly revised from […]
ECB Preannounces July Rate Hike of 25 Basis Points
–Leaves Open Possibility of Bigger Rise in September By Laurie Laird LONDON (MaceNews) – The European Central Bank will raise interest rates by a quarter percentage point at its next meeting in July with another – potentially larger increase – slated for September, the ECB announced Thursday. “Inflation is undesirably high,” said ECB President Christine […]
White House and Other Schedules for Monday, June 6
WASHINGTON (MaceNews) – The following are Monday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, JUNE 6, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In-Town Pool Wires: AP, […]
ISM: US May Service Sector Growth Continues Slowing Amid Labor Shortages, Supply Constraints 
–ISM’s Nieves: Fed Tightening on Overall US Service Sector Seen Limited –ISM: Demand for Services Still Strong; May’s Slower Growth Expected –ISM: New Orders Index Rebounds, Prices Index Eases from April’s Record High By Max Sato (MaceNews) – US service sector growth slowed further in May as companies continued tackling labor shortages and supply delays […]
Bank of Canada’s Beaudry: May Need To Hike Rates Above 2-3% Neutral Rate As Inflation Persists
By Max Sato (MaceNews) – The Bank of Canada may need to keep raising its policy interest rate above what it sees as neutral, currently in the 2% to 3% range, as inflation has been rising faster than expected and could become much harder to control, Deputy Governor Paul Beaudry said Thursday. He also said […]
Fed’s Beige Book Survey Finds Some Slowing in Economic Growth Pace
Also Finds ‘Leveling Off’ of Wages and ‘Moderating’ Price Hikes Some Places By Steven K. Beckner (MaceNews) – The economy was showing more signs of slowing through the third week of May, according to the Federal Reserve’s latest survey of economic conditions around the nation, released Wednesday. And while labor markets remained tight, employment grew […]
Bank of Canada Raises Policy Rate Again to Tame Inflation, Says to Rise Further Given Strong Growth, High Inflation
–BOC: Ukraine War, China’s Covid Lockdowns, Supply Constraints Weighing on Growth, Boosting Inflation –BOC Repeats: Timing, Pace of Further Rate Hikes Set by Economic Assessment By Max Sato (MaceNews) – The Bank of Canada on Wednesday lifted its policy interest rate – the target for overnight lending rates – by another 50 basis points to […]
White House and Other Schedules for Tuesday, May 31
WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, MAY 31, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Then, […]
Fed’s Waller Backs Hiking Funds Rate 50 bp At ‘Several Meetings’
Won’t Take 50 bp Hikes Off the Table Until Inflation Closer To 2% Wants Funds Rate Above Neutral By Year’s End To Curb Demand Market Expectations For 250 bp Tightening ‘Consistent’ With FOMC Plans Prepared To Do More If Inflation Stays ‘Stubbornly High’ Hopes Fed Can Curb Inflation Without Sharp Rise in Unemployment By Steven […]