Italy’s 5 Stars Movement Likely To Block Draghi’s Ukraine War Funding; Battle Ahead in Parliament – Sources
By Silvia Marchetti ROME (MaceNews) – Italy’s 5 Stars Movement, part of the ruling coalition, is preparing to pass a parliament resolution on Tuesday to stop the government from further funding Ukrainian fighters, with the risk of putting at stake Rome’s pro-NATO foreign policy stance, according to cabinet sources. The 5 Stars leader Giuseppe Conte, […]
White House and Other Schedules for Saturday and Sunday
WASHINGTON (MaceNews) – The following are Saturday and Sunday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events: WEEKEND GUIDANCE AND PRESS SCHEDULE FORSATURDAY, JUNE 18, 2022 AND SUNDAY, JUNE 19, 2022 On Saturday, the President has no public events scheduled. On Sunday, the President […]
Italy Backs ‘Gradual, Flexible’ Monetary Policy Normalization, Urges ECB to Avoid ‘Hawkish’ Message – Italian Government Sources
By Silvia Marchetti ROME (MaceNews) – Italy is warning against a sudden unwinding of Eurozone monetary policy accommodation and calling for a ‘gradual’ but ‘flexible’ normalization process, according to ruling coalition sources. “It is a very delicate moment for the European Central Bank, and it is paramount to avoid having to exit and then re-enter […]
White House and Other Schedules for Friday, June 17
WASHINGTON (MaceNews) – The following are Friday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORFRIDAY, JUNE 17, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. After, the President […]
Analysis: BOJ Easing Stance Set in Stone, Abenomics Ghost Haunts Japan’s Policymaking
By Max Sato (MaceNews) – The latest message from Bank of Japan Governor Haruhiko Kuroda points to the bank’s long-term commitment to maintaining its monetary easing stance despite a rush of interest rate hikes by other central banks, as cyclical and structural issues are keeping Japan’s domestic demand sluggish and consumer prices relatively low. In […]
BOJ Keeps Easing Stance to Support Economic Recovery as Inflation Stays Tame
By Max Sato (MaceNews) – The Bank of Japan said Friday it is maintaining its super-low interest rate targets along the nearly flat yield curve and large-scale asset purchase program to support economic recovery and lead inflation toward its stable 2% target from relatively low levels, staying as a lone wolf while other major central […]
White House and Other Schedules for Thursday, June 16
WASHINGTON (MaceNews) – The following are Thursday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, JUNE 16, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In the afternoon, […]
Japan May Exports Post 15th Straight Y/Y Rise on Reopening Demand for Steel, Electronic Parts
–Imports Hit Fresh Record High on High Energy Costs, Leading to 10th Straight Trade Deficit –Exports to China Mark 2nd Straight Y/Y Drop on Covid Lockdowns By Max Sato (MaceNews) – Global reopening demand for iron and steel and semiconductors continued driving Japanese exports to surpass year-earlier levels for the 15th month in a row […]
<strong><br>FOMC Lifts Funds Rate 75 BPs; Signals More Rate Increases To Curb Inflation</strong>
– Powell Signals Rate Hikes in July and Beyond; 50 Most Likely In July – Dot Plot Projects Elevated Funds Rate Amid Worse Inflation, Slower GDP, More Jobless – Officials See Funds Rate at 3.4% End 2022; 3.8% End 2023; 3.4% End 2024 – ‘Neutral’ Rate Revised Up, But Only by A Tenth By Steven K. Beckner (MaceNews) – Federal […]
Rome Pushes for New EU Recovery Fund to Tackle Energy Prices Spike, Avoid Spreads Further Blowing Out – Sources
–Italian officials express relief over ECB moves to limit spread widening By Silvia Marchetti ROME (MaceNews) – Italy’s ruling coalition is pushing hard for the European Union to launch a new recovery fund aimed at jointly funding measures to cushion the impact of energy and inflation spikes on families and firms, in an attempt to […]