Fed’s Brainard: Slower Rate Hike Pace Lets FOMC ‘Probe’ For ‘Sufficiently Restrictive’ Level
By Steven K. Beckner (MaceNews) – Federal Reserve Vice Chairman Lael Brainard said Thursday that a slower pace of monetary tightening will allow the Fed to “probe for” a level of interest rates that is “sufficiently restrictive” to bring down inflation, while keeping an eye on divergent economic risks in a highly uncertain environment. Brainard, […]
<strong>White House and Other Schedules for Thursday, Jan 19</strong>
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. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR THURSDAY, JANUARY 19, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]
<strong>BOJ Keeps Easing Stance Amid Slowing Global Growth, Expects Cost-Push Inflation to Lose Steam in FY23</strong>
–Board Sees 3% Core CPI Rise in FY22 to Slow to 1.6% in FY23, 1.8% in FY24 –Board Revises Down GDP Forecasts to 1.9% in FY22, 1.7% in FY23, 1.1% in FY24 By Max Sato (MaceNews) – The Bank of Japan said Wednesday its policy board decided unanimously to maintain its basic monetary easing stance, […]
<strong>White House and Other Schedules for Wednesday, Jan 18</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 18, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In-Town […]
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 […]