White House and Other Schedules for Thursday, Oct 13
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, OCTOBER 13, 2022 In the morning, the President will deliver remarks on how Bipartisan Infrastructure Law investments are helping to improve […]
Japan September Producer Inflation Unexpectedly Moves Up as Utilities Surge
–Weak Yen Continues Boosting Import Costs for Producers By Max Sato (MaceNews) – Producer inflation in Japan unexpectedly accelerated in September to just shy of a 41-year high hit in April, led by double-digit percentage gains continuing in utilities, nonferrous metals, iron and steel, chemicals and fuels while there was an uptick in highly weighted […]
FOMC Minutes Don’t Surprise; Riskier to Do Too Little
WASHINGTON (MaceNews) – The minutes of the latest Federal Open Market Committee meeting Wednesday largely mirrored the comments of Fed Chair Jerome Powell at the time, prompting benchmark Treasury security yields to ease as participants agreed it is riskier to tighten too little than too much. The minutes held no solace for anyone hoping for […]
White House and Other Schedules for Wednesday, Oct 12
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, OCTOBER 12, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting in the Oval Office […]
Japan August Machine Orders Slump Amid Slower Global Growth, Q3 Seen Flat So Far 
–Japan Govt Keeps View: Machine Orders Showing Signs of Pickup –BOJ September Quarter Tankan Survey Has Shown Solid FY22 Capex Demand By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, fell at a faster pace than expected in August amid slower global growth, giving up all of […]
Fed’s Mester: Monetary Policy ‘Not Yet Restrictive’; Needs Be So ‘For Some Time’
– Risks of Doing ‘Too Little’ Tightening Outweigh Risks of ‘Doing Too Much’ – Won’t Back Slower Tightening Pace Until She Sees Inflation Moving Down By Steven K. Beckner (MaceNews) – Despite 300 basis points of short-term interest rate hikes, monetary policy is still not restrictive, and the Federal Reserve needs to keep raising rates […]
White House and Other Schedules for Tuesday, Oct 11
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, OCTOBER 11, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]
Chicago Fed’s Evans: Fed Must Make Policy More Restrictive but Not ‘Overdo’ It
– Fed Should Look for Place to ‘Rest’ in Raising Rates By Steven K. Beckner (MaceNews) – Chicago Federal Reserve Bank President said Monday that the Fed needs to keep making monetary policy more “restrictive,” but warned against “overdoing” its interest rate increases and suggested it should look for a place to “rest” or pause […]
Analysis: Choice of Italy’s Next Finance Minister Key for Incoming Government’s Credibility, ‘Fight’ Against ECB Rate Hikes Ahead
–ECB’s Panetta a possible candidate By Silvia Marchetti ROME (MaceNews) – The choice of who will be Italy’s next economy and finance minister will be key in determining the winning center-right coalition’s credibility on world markets, and its power in campaigning against more European Central Bank rate hikes. The center-right alliance, which includes the far-right […]
White House and Other Schedules for Monday, Oct 10
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: DAILY GUIDANCE AND PRESS SCHEDULE FOR MONDAY, OCTOBER 10, 2022 In the afternoon, the President will return to the White House from Wilmington, Delaware. The departure from […]