Eurozone March Flash HICP Rises to 1.3% Year-on-Year on Energy Costs
ZURICH(MaceNews) – Inflation in the Euro-area increased in March, rising 1.3% year-over-year, driven higher by rising energy costs, according to data released by Eurostat. The March result matched the median forecast of an Econoday survey of economists, and was well above the 0.9% rate in February. Compared to a month ago, prices also rose 0.9%, […]
Fed’s Bostic Optimistic About Economy But Thinks It’s Too Soon To Consider Tightening
By Steven K. Beckner MaceNews) – Atlanta Federal Reserve Bank President Raphael Bostic spoke optimistically about the economic outlook Tuesday, but made clear improving prospects have not yet made him more inclined to firm monetary policy. Bostic, a voting member of the Fed’s policy making Federal Open Market Committee, downplayed the risks of “overheating” or […]
Japan Mar Tokyo CPI Firmer Amid Energy Market Pickup; Outlook Uncertain
By Max Sato –Gasoline Prices Now Up, But Utilities Still Push Down Overall Energy Costs–Hotel Fees Stop Falling; Appliances Prices On Uptrend In Stay-Home Lifestyles (MaceNews) – Consumer prices in Tokyo, a leading indicator of the national average, gained slightly in March from February, leading to a smaller year-on-year drop in the core reading, amid […]
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 […]