BofA Global Research Fund Manager Survey: US Equity Allocation Drops; Global Growth Concerns Fade Further in January
— China Growth Outlook Improves By Vicki Schmelzer NEW YORK (MaceNews) – Global investors cut allocations to US equities and were less downbeat about global growth prospects than in prior months at the start of 2023, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. Allocation to U.S. stocks stood […]
<strong>White House and Other Schedules for Tuesday, Jan 17</strong>
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. data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR TUESDAY, JANUARY 17, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. After, […]
Japan December Producer Inflation Remains Elevated as Utilities Up Over 50% Y/Y, Steel, Paper Still Costly
By Max Sato –Annual Rate +10.3% in September 2022 Remains Highest in 41 Years–Weak Yen Continues Boosting Import Costs for Producers but at Slower Pace Amid Recent Dollar Pullback (MaceNews) – Producer inflation in Japan popped above 10% in December as utility charges stood over 50% above year-earlier levels and firms continued passing higher costs […]
Analysis: The CPI Conundrum – Smaller Rate Hikes Don’t Mean a Lower Terminal Rate
By Denny Gulino WASHINGTON (MaceNews) – The latest Consumer Price Index figures – suggesting a further softening of the inflation threat, rekindled hopes for a Federal Reserve pivot – hopes at odds with clearly stated Fed intentions to do no such thing. Good news for used cars, energy and some other categories came up against […]
White House and Other Schedules for Thursday, Jan 12
WASHINGTON (MaceNews) – The following are Thursday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR THURSDAY, JANUARY 12, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Later, the […]
<strong>White House and Other Schedules for Wednesday, Jan 11</strong>
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. data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR WEDNESDAY, JANUARY 11, 2023 In the afternoon, the President will receive the President’s Daily Brief. This meeting will be closed press. In-Town […]
Analysis: US Political System Struggles to Deal With Era of Limits
By Denny Gulino WASHINGTON (MaceNews) – As the Speaker of the U.S. House of Representatives enters 2023 as a greatly diminished figure, derided by late show comedians as “House Squeaker,” his humiliating path to leadership may be a bell which tolls for his peers in the U.S. political system as well. Although many market participants […]
<strong>White House and Other Schedules for Tuesday, Jan 10</strong>
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. data and Federal Reserve events: COMPREHENSIVE TRIP GUIDANCE FORTUESDAY, JANUARY 10, 2023 Tuesday, January 10, 2023 In the morning, the President will participate in a bilateral meeting with Prime Minister Justin Trudeau, […]
<strong>White House and Other Schedules for Monday, Jan 9</strong>
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. data and Federal Reserve events: COMPREHENSIVE TRIP GUIDANCE FORMONDAY, JANUARY 9, 2023 – TUESDAY, JANUARY 10, 2023 Monday, January 9, 2023 In the afternoon, the President and the First Lady will participate in […]
<strong>Fed Officials Warn Against Premature Backing Off From Inflation Fight</strong>
By Steven K. Beckner (MaceNews) – Federal Reserve officials continued to pledge their determination to reduce inflation in wake of a stronger-than-expected employment report Friday. The officials welcomed the moderation of inflation in recent months but noted that core services prices continue to rise rapidly and warned against prematurely giving up on their anti-inflation campaign. […]