Former Dove Kashkari Now Says Fed Rate Hikes May Have To Get More Aggressive
– Bullard Explains Dissent In Favor of Higher Funds Rate By Steven K. Beckner (MaceNews) – Minneapolis Federal Reserve Bank President Neel Kashkari has built a reputation as one of the more “dovish” Fed policy-makers, but in an essay released Friday, he sounded distinctly less so. Kashkari, not a voting member of the Fed’s interest […]
BOJ Keeps Easing Stance, To Trim Commercial Paper, Corporate Bond Buying to Pre-Pandemic Levels
–BOJ Vows to Keep Monetary Support Until 2% Inflation Achieved –Japan Economy Likely to Recover Despite Surging Commodities Prices –‘Extremely High Uncertainties’ Over Ukraine Impact on Japan Via Prices, Markets, Global Demand By Max Sato (MaceNews) – The Bank of Japan said Friday it is maintaining its interest rate targets and main asset purchase program […]
Friday March 18th Washington Schedules from Mace News
THE WHITE HOUSE DAILY GUIDANCE AND PRESS SCHEDULE FORFRIDAY, MARCH 18, 2022 In the morning, the President will speak with His Excellency Xi Jinping, President of the People’s Republic of China (PRC). This is part of ongoing efforts to maintain open lines of communication between the United States and the PRC. The two Leaders will discuss managing the competition between the […]
Japan February CPI Back on Gradual Rising Path, Led by Energy, Food
–Both Core and Total CPI Measures Mark 6th Straight Y/Y Gains –Utilities Continue Pushing Up Energy; Durable Goods on Downtrend –Hotel Fees Pick Up in February After Base Effects Fade in January –CPI Could Come Under Pressure Again If Govt Resumes Travel Subsidies By Max Sato (MaceNews) – Core and total consumer prices in Japan […]
Thursday March 17 Washington Schedules from Mace News
THE WHITE HOUSE DAILY GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, MARCH 17, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. After, the President will participate in a bilateral meeting with His Excellency Micheál Martin, Taoiseach of Ireland. The leaders will reaffirm the close and historic partnership between the United States […]
Analysis: Japan PM Kishida to Face Bad Economic News After Omicron Storm
–Economists Revise Down Forecasts to Show Slight Contraction in 1Q By Max Sato (MaceNews) – Japanese Prime Minister Fumio Kishida is likely to face bad news on the economic front after barely surviving voter frustration over public health restrictions imposed about two months ago aimed at fighting a surge in Covid infections caused by the […]
FOMC Lifts Off from Zero with 25bp Rate Hike; 6 More Projected for 2022
– Powell Says FOMC May Move Faster If Needed To Reduce Inflation – Says Funds Rate Could Go ‘Beyond’ Downwardly Revised ‘Neutral’ Rate – Balance Sheet Reduction Plan Could Be Announced As Soon As May Meeting By Steven K. Beckner (MaceNews) – After holding short-term interest rates near zero for two years to support a […]
FOMC: Qtr Point Hike As Expected; Few Specifics on Future Action
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday fulfilled expectations for a quarter-point fed funds rate hike, the first such since 2018, accompanied by a pledged to begin pulling back Treasury and Agency securities holdings “at a coming meeting.” The text follows: Indicators of economic activity and employment have continued to strengthen. Job gains […]
Strong Earthquake Hits Northeastern Japan, Causing Power Cuts
–Tokyo Electric Monitoring Spent Nuclear Fuel Facilities in Fukushima (MaceNews) – A powerful earthquake shook the northeastern Tohoku region in Japan late on Wednesday, triggering tsunami warnings along the Pacific coast of Miyagi and Fukushima, two prefectures hit hard by the 2011 earthquake and tsunami disaster. The 7.3 magnitude tremor struck 60 km below the […]
Wednesday March 16 Washington Schedules from Mace News
THE WHITE HOUSE DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, MARCH 16, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Then, the President will deliver remarks on the assistance the United States is providing to Ukraine. The Secretary of State, the Deputy Secretary of Defense, and the Chairman of […]