White House and Other Schedules for Monday, May 13
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: DAILY GUIDANCE AND PRESS SCHEDULE FOR MONDAY, MAY 13, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. After, the […]
ISM: US Services Sector Unexpectedly Contracts in April After 15 Months of Growth, Hit by Cooling Demand, Mixed Employment, Elevated Costs
US service sector contracts
FOMC Leaves Funds Rate Unchanged; Announces Moderation of QT
– Powell: Will Take Longer To Be Confident Inflation Headed to 2% – Rates Could Go Higher If FOMC Persuaded Not ‘Sufficiently Restrictive” – QT Dialed Back To ‘Smooth’ Balance Sheet Normalization, Not Help Economy By Steven K. Beckner (MaceNews) – The Federal Reserve left short-term interest rates unchanged Wednesday and signaled further delay of […]
TRANSCRIPT: Fed Chair Powell’s News Conference Remarks Rule Out Any Rate Hike and See Any Rate Cuts This Year Dependent on Data
–Don’t See the ‘Stag’ or the ‘Flation’ WASHINGTON (MaceNews) – Federal Reserve Chair Jerome Powell, answering questions in his post-FOMC news conference Wednesday, said he is still confident of more progress against inflation this year, was vague about the possibility of one or more 2024 rates cuts and said he doesn’t understand any fear about […]
FOMC Cites ‘Lack of Progress’ on Inflation; Need More Confidence Before Any Rate Cut
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday fulfilled expectations that it would hold steady on its policy interest rate while restating that there will be no rate cut until it has greater confidence that the inflation rate is declining toward its target. The FOMC policy statement follows with boldfacing added for emphasis: Recent […]
White House and Other Schedules for Tuesday, April 30
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 DAILY GUIDANCE AND PRESS SCHEDULE FOR TUESDAY, APRIL 30, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Then, the President will […]
Williams, Bostic: Fed Should Be in No Rush To Start Cutting Interest Rates
Fed officials in no rush to cut rates
Fed’s Beige Book Sees Slight, Soft Expansion Lately But Cautious Optimism
WASHINGTON (MaceNews) – The Federal Reserve’s Beige Book survey of national economic activity released Wednesday found some expansion but seemingly less than in some recent government statistics while there remained sustained cautious optimism. The survey, assembled by the Fed’s Boston bank for review in the April 30-31 Federal Open Market Committee meeting, said 10 of […]
BofA Global Research Fund Manager Survey: Managers Prefer Equities, Commodities, Dump Bonds in April
fund managers switch to equities, commodities
White House and Other Schedules for Thursday, April 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 DAILY GUIDANCE AND PRESS SCHEDULE FOR THURSDAY, APRIL 11, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In the afternoon, the President […]