Category: Outlook

TRANSCRIPT: Fed’s Powell Post-FOMC Meeting Q&A

WASHINGTON (MaceNews) – The transcript of Federal Reserve Chair Jerome Powell’s post-FOMC meeting press conference Wednesday follows: Since early last year the FOMC has significantly tightened the stance of monetary policy. Today we took another step by raising our policy interest rate a quarter percentage point. And we are continuing to reduce our securities holdings […]

FOMC Raises Fed Funds Rate Another Quarter Point as Expected; Repeats Previous Language

WASHINGTON (MaceNews)- The Federal Open Market Committee had no surprises to offer Wednesday, fulfilling expectations for another quarter point increase in the fed funds rate, to 5.25% to 5.50%, and using well-worn phraseology to remain committed to 2% inflation. The policy statement follows: Recent indicators suggest that economic activity has been expanding at a moderate […]

Japan Govt Keeps View on Moderate Economic Recovery Backed by Consumer Spending, Business Investment Amid Higher Wage Growth

By Max Sato (MaceNews) – Japan’s government Wednesday maintained its overall assessment, saying the economy is recovering moderately as substantial wage hikes and Covid-era excess savings are supporting consumer spending while improving supply chains are shoring up business confidence and investment, according to its monthly report released by the Cabinet Office. Japanese policymakers expect robust […]

White House and Other Schedules for Wednesday, July 26

WASHINGTON (MaceNews) – The following are Wednesday’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 WEDNESDAY, JULY 26, 2023  In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]

FOMC Seems Certain To Resume Rates Hikes July 26; What Comes Next Less Sure

By Steven K. Beckner (MaceNews) – Before Federal Reserve policymakers convened in mid-June, officials openly talked about wanting to “skip” raising interest rates at that Federal Open Market Committee meeting, and by all indications that’s just what the FOMC will have done. After taking a break from raising the federal funds rate at their June […]

White House and Other Schedules for Tuesday, July 25

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 and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR TUESDAY, JULY 25, 2023   In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]

White House and Other Schedules for Monday, July 24

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, JULY 24, 2023   In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]

White House and Other Schedules for Friday. July 21

WASHINGTON (MaceNews) – The following are Friday’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 FRIDAY, JULY 21, 2023  In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]

Japan June Core CPI Y/Y Rise Picks Up to 3.3% from May’s 3.2% on Year

Electricity Charge Markups; Processed Food Prices Remain High  –Total CPI +3.3% Y/Y, Also Up From +3.2% in May but Slowing from +3.5% Y/Y in April, 41-Year High of +4.3% in January –Core-Core CPI (Ex-Fresh Food, Energy) Annual Rate Eases to 4.2% from May’s Nearly 42-Year High of 4.3% By Max Sato (MaceNews) – Consumer inflation […]