Monday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Monday’s schedules for the White House, Treasury, the State Department, the Capitol and for upcoming Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, JULY 12, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval Office. […]
Saturday/SundayWashington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are the Saturday’s and Sunday’s schedules for the White House, Treasury, the State Department, the Capitol and for upcoming Federal Reserve events: The White House WEEKEND GUIDANCE AND PRESS SCHEDULE FORSATURDAY, JULY 10, 2021 AND SUNDAY, JULY 11, 2021 On Saturday, the President has no public events scheduled. On Sunday […]
US Data Preview Commentary: CPI, PPI, Retail Sales, Powell Testimonies, IndPro, Beige Bk and More
WASHINGTON (MaceNews) – Be brave, it’s peak fraidy-cat week for inflation horrors to descend upon us, or rather, to show up in the data, having plagued us last month. If the price-pressure nightmares show up as expected, the Fed folks will be forced to accelerate their consideration of tapering at the very least (Wharton’s Jeremy […]
ECB Lifts Inflation Target to 2%, Willing to Tolerate Overshoot
By Laurie Laird LONDON (MaceNews) – The European Central Bank Thursday lifted its inflation target to 2% and vowed to tolerate a short-term overshoot of the target. The new target is “not a ceiling,” said ECB President Christine Lagarde, presenting the Bank’s strategy review. Previously the bank aimed for a target of close to but […]
FOMC Minutes: Tapering Parameters Much Discussed But Action Awaits More Data, Time
WASHINGTON (MaceNews) – The Federal Open Market mid-June meeting minutes released Wednesday afternoon highlighted the discussions around tapering to a greater degree than indicated by Fed Chair Jay Powell’s news conference and subsequent Fedspeak, yet made clear the fog of uncertainty is not expected to suggest any action until more time has produced more data. […]
US Data Preview Commentary: Personal Income, Existing/New-Home Sales, Durables and the Downside to ‘Transitory’
WASHINGTON (MaceNews) – Beware what look like quiet weeks ahead, like the upcoming week when the Earth’s northern pole tilts to the max toward the sun. The summer solstice means that after 3:32 Monday morning the days start getting shorter in our hemisphere and the diminishing daylight is appropriate for a time of what seems […]
Bundesbank’s Weidmann: Sharp Price Rises in Germany ‘Temporary;’ No Signs of Excessive Medium-Term Price Pressures
ZURICH (MaceNews) – Bundesbank President Jens Weidmann that current price increases in Germany are of a temporary nature and that he doesn’t see signs of higher inflation rates solidifying. In an interview with the business daily Handelsblatt, Weidmann said that “from our viewpoint, the sharp price increases in Germany are temporary and there aren’t signs […]
Japan May Core CPI Posts 1st Y/Y Rise in 14 Months on Energy Pickup
By Max Sato –Lower Mobile Data Fees at Govt Request To Weigh on CPI for Now–Drop in Total CPI Eases on Smaller Fall in Fresh Food Prices (MaceNews) – Japan’s core consumer price index edged up on the month to mark its first year-on-year gain in 14 months as higher energy costs continued to offset […]
US Data Preview Commentary: Retail Sales, PPI, Hsing Starts, FOMC, New ‘Dot Plot’
WASHINGTON (MacNews) – The explosive snapback of consumer demand, company supply-chain and delivery workarounds and inventory reloading won’t be reflected nearly to the phenomenon’s full extent in Tuesday’s May retail sales report. Just as goods and services productivity being supercharged by firms compensating for the post-pandemic jamming of the economy won’t show up in quarterly […]
FOMC Seems Ready To Tip Toe Toward Tapering At Mid-June Meeting
–Powell Could Signal Consideration of Less Bond Buying Is Coming By Steven K. Beckner (MaceNews) – Movement away from the most aggressively expansionary monetary policy in the Federal Reserve’s history may seem glacial, but it is not imperceptible. It seems clear, as the mid-June Federal Open Market Committee meeting approaches, that a shift in sentiment […]