FOMC Keeps Monetary Policy Loose; Powell Signals It will Remain So
By Steven K. Beckner (MaceNews) – Federal Reserve policy-makers voted Wednesday to maintain their super loose credit policies, and Chair Jerome Powell gave no hint the Fed will move to tighten its monetary stance any time soon. While joining his colleagues in expressing encouragement with the economy’s improved performance and optimism about the outlook, Powell […]
FOMC: Projections See Median Rate Hike Forecast Stable With Only Additional 2 ’23 Rate Hike Dots to Total 7
WASHINGTON (MaceNews) – The FOMC’s updated quarterly projections Wednesday saw a stable median with two more ’23 rate-hike dots, while repeating it aims for an inflation rate “moderately above” 2%. The following is the text of the policy statement: The Federal Reserve is committed to using its full range of tools to support the U.S. […]
Eurostat: Final Feb Inflation in Euro Area +0.9%/Feb
ZURICH (MaceNews) – Inflation in the Euro-area rose 0.9 percent in February, confirming the preliminary figure, Eurostat reported Wednesday. The February result matched the median of an Econoday survey of economist’s forecasts and was the same rate as in January. On a monthly basis, prices rose 0.2 percent. The overall gain was mitigated by a […]
Friday Washington Schedules From MaceNews
WASHINGTON (MaceNews) – The following are Friday’s public schedules for the White House, Treasury, the Capitol and for upcoming economic data: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORFRIDAY, MARCH 12, 2021 In the morning, the President and the Vice President will meet virtually with their counterparts in the Quad: Prime Minister Narendra Modi […]
FOMC Preview: Fed Not Apt To Start Signaling Policy Shift at Mid-March FOMC Meeting
By Steven K. Beckner (MaceNews)– With each passing day, as the recovery continues (and as more Americans get vaccinated), we are getting closer to the time when the Federal Reserve starts tapping the brakes on its supercharged monetary race car. But that doesn’t mean it’s close, and it’s doubtful we will see any perceptible movement […]
WEDNESDAY WASHINGTON SCHEDULES FROM MaceNews
WASHINGTON (MaceNews) – The following are Wednesday Washington schedules for the White House, Treasury, the Capitol and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, MARCH 10, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval […]
Monday Washington Schedules From MaceNews
WASHINGTON (MaceNews) – The following are Monday’s public schedules for the White House, Treasury, the Capitol and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, MARCH 8, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval […]
Saturday/Sunday Washington Schedules From MaceNews
WASHINGTON (MaceNews) – The following are Saturday and Sunday public schedules for the White House, Treasury, the Capitol and for upcoming economic data: The White House WEEKEND GUIDANCE AND PRESS SCHEDULE FORSATURDAY, MARCH 6, 2021 AND SUNDAY, MARCH 7, 2021 On Saturday and Sunday, the President has no public events scheduled. Saturday’s In-Town PoolWires: AP, Reuters, […]
US Data Preview: Inflation Week – CPI/PPI and Credit Mkt Gonzo Watch
WASHINGTON (MaceNews) – Too bad that on the upcoming week’s schedule there’s not another Jay Powell “cross my heart and hope to die” pledge he’s NOT reconsidering policy any time soon, embracing “Op Twist” or otherwise dismantling the Federal Open Market Committee, triggering another jittery freak-out among non-believers. Failing that, the news watch will have […]
SF Fed’s Daly: Yield Curve Control a Tool Fed Could Use If Needed; Must Choose Price or Quantity
By Steven K. Beckner (MaceNews) – San Francisco Federal Reserve Bank President Mary Daly said Tuesday that monetary policy is “in a good place” presently, but said the Fed could decide to extend the maturity of its asset purchases if necessary – for example if it decided that long-term interest rates were moving too high. […]