Italy Eyes More Medium-Long Bonds to Lengthen Debt Life – Sources 

According to Rome’s government that has carried out several surveys, longer maturities appeal to Italian families as they tend to have lots of savings they prefer to invest in long term investments, and trust the state to hold their money more than banks.  “The era of zero rates is over, which means that the cost […]

US June ISM Manufacturing in Contraction for 3rd Straight Month as Demand Remains Weak amid High Interest Rates

–ISM Manufacturing Index Dips to 48.5 from 48.7 in May, Below Median Forecast of 49.1–ISM’s Fiore: Biggest Concern in June Report is over Falling Production–Fiore: Employment Unlikely to Expand Without Significant Pickup in Demand–Fiore: Manufacturing Still ‘Stable’ During Summer Months When Activity Slows Down By Max Sato (MaceNews) – U.S. manufacturing activity was in contraction […]

FOMC Holds Funds Rate Steady; No Rate Cut Til Confident Inflation Headed to 2%

–Fed Officials Project Single 25 BP Rate Cuts in 2024 –Powell Calls CPI ‘Encouraging,’ But Wants More Data To Gain ‘Confidence’ By Steven K. Beckner (MaceNews) – The Federal Reserve’s policy making Federal Open Market Committee again held the federal funds rate steady Wednesday and gave no indication it will be cutting that key money […]

FOMC Stands Pat Hints of More Hawkish Stance; ‘Dot Plot’ Sees One Rate Cut This Year

WASHINGTON (MaceNews) – The Federal Open Market Committee kept the fed funds rate as is again this time around while the “dot plot” projections that accompanied the policy statement contained hints of a slightly more hawkish stance, seeing just one rate cut this year. The statement text, with no dissents, follows: Recent indicators suggest that […]

Fed’s Beige Book Shows Lukewarm Growth, Less Jobs Pressure, Retail and Auto Sales Mostly Flat

WASHINGTON (MaceNews) – The Federal Reserve’s survey of economic activity coast-to-coast Wednesday showed generally lackluster growth but only two districts – Dallas and Boston – with little or no improvement. The survey, prepared for the June 11-12 Federal Open Market by the Dallas Fed found most districts with ‘negligible to modest” job gains, prices increasing […]