Fed Officials Continue to Diverge on Where Funds Rate Should Go in Future
By Steven K. Beckner (MaceNews) – Federal Reserve officials have expressed general support for lower interest rates this week but have diverged on how much further monetary easing might be warranted. Some officials have made clear they want additional cuts in the key federal funds rate after the Fed’s rate-setting Federal Open Market Committee voted […]
Japan Weekahead: September Tokyo CPI Seen Stable Under 3% after Bank of Japan Kept Policy Rate but Decided to Start Slow Process of Selling Off Assets
— Candidates for Ruling Party Leader, Thus Prime Minister, to Debate Campaign Platforms By Max Sato (MaceNews) – Here are the key Japanese political and economic events for the coming week. Ahead of the Oct. 4 election of the leader of the ruling conservative Liberal Democratic Party, and thus the prime minister, candidates will be […]
FOMC Cuts Fed Funds Rate 25 Basis Points; Further Rate Cuts Projected
– Powell: Increased Downside Labor Risks Motivated FOMC to ‘Move Toward Neutral’ – SEP Projects 3.6% Funds Rate End ‘25; 3.4% End ‘26; 3.1% End ‘27 By Steven K. Beckner (MaceNews) – After holding its interest rate settings steady for nine months, despite growing pressure from President Trump, the Federal Reserve finally lowered them Wednesday, […]
TRANSCRIPT: Fed’s Powell Says Quarter-Point Cut ‘Risk Management’ Rather Than Reaction to Actual Jobs Deterioriation
WASHINGTON (MaceNews) – The following is a transcript of Federal Reserve Chair Jerome Powell’s post-FOMC news conference Wednesday: Recent indicators suggest that growth of economic activity has moderated. GEP rose at a pace of around one and a half percent in the first half of the year, down from 2.5 percent last year. The moderation […]
FOMC POLICY STATEMENT – As expected, with quarter-point rate cut followed by dot-plot expectations for two more this year
WASHINGTON (MaceNews) – The Federal Open Market Committee’s Wednesday policy statement: Recent indicators suggest that growth of economic activity moderated in the first half of the year. Job gains have slowed, and the unemployment rate has edged up but remains low. Inflation has moved up and remains somewhat elevated. The Committee seeks to achieve maximum […]
BofA Global Research Fund Manager Survey: Global Growth Optimism Jumps in September On Fed Rate Cut Hopes and Waning Trade War Jitters
– Fed Independence and US Dollar Debasement Now Number Two “Tail Risk” – 47% Of Portfolio Managers Look for 4 or more Fed Rate Cuts In Coming Year By Vicki Schmelzer NEW YORK (MaceNews) – Global growth optimism jumped in September, fueled by Fed rate cut expectations and waning trade war jitters, according to Bank […]
Japan Weekahead: Ruling, Opposition Parties Gear Up for October Snap Elections Widely Expected after Conservative LDP Picks Leader
–Bank of Japan to Stand Pat amid Political Storm Following PM Ishiba’s Resignation, Board Monitors Trump Tariff Impact on Q3 Data–August Data to Highlight Tariff Impact: Japan Carmakers’ Discount Strategy Keeps Their US Market Share but Depresses Export Values–Core CPI to Ease Below 3% on Summer Fuel Subsidies, Yen’s Relative Strength Vs. Slump in Early […]
Japan’s Prime Minister Ishiba to Step Down, Citing Risk of Party Split
TOKYO (MaceNews) – Japanese Prime Minister Shigeru Ishiba resigned on Sunday, citing the conclusion of negotiations over U.S. tariff measures and calling it a “painful decision” aimed at preventing deep divisions within the ruling Liberal Democratic Party (LDP), according to national broadcaster NHK. Ishiba told reporters he must take responsibility for a string of election […]
Japan Weekahead: Q2 GDP Revision Seen Limited, Confirming Sluggish but 5th Straight Q/Q Growth, Producer Inflation Seen Picking Up but Still Under 3%
By Max Sato (MaceNews) – Here are the key Japanese economic events for the coming week. The revised Q2 GDP data is forecast by many economists to show little change from the initial reading, confirming that Japan’s wobbly recovery from the pandemic lingers on under the weight of trade woes and sticky inflation triggered by […]
NY Fed’s Williams, Other Fed Officials, Hint at Growing Likelihood of Sept. 17 Rate Cut
– Williams Puts More Weight on Downside Job Risks than Upside Inflation Risks – Williams: Must Move Funds Rate Toward Neutral, But Gives No Time Frame By Steven K. Beckner (MaceNews) – By putting more emphasis on risks to full employment than on inflation threats, New York Federal Reserve Bank President John Williams seemed to […]