<strong><br>FOMC Tees Up March Rate Hike Now That U.S. At ‘Maximum Employment’</strong>
– Powell Sees ‘Substantial’ Balance Sheet Shrinkage After Rate Hikes Begin – Powell Says ‘Couple’ More Discussions Needed on Balance Sheet Reduction Strategy – Powell Implies Rate Hikes May be More Aggressive Given High Inflation, Tight Labor By Steven K. Beckner (MaceNews) – The Federal Reserve took another giant step toward removing some monetary accommodation […]
FOMC Says Expects to ‘Soon Be Appropriate’ to Change Target Rate for Fed Funds
WASHINGTON (MaceNews) – The following is the Federal Open Market Committee’s statement Wednesday of its policy stance, accompanied by a reaffirmation of its August 2020 statement that the Fed’s main tool remains changes in the federal funds rate while asset purchases diminish: Indicators of economic activity and employment have continued to strengthen. The sectors most […]
Bank of Canada Keeps Record-Low Rate But Ends Forward Guidance on Easing
— BOC’s Macklem: Taking Deliberate Steps Toward Higher Interest Rates— BOC To Keep Govt Bonds on Its Balance Sheet Until It Starts Raising Rates— BOC Revises Up 2022 CPI Forecast To 4.2% From 3.4%; 2023 Unchanged at 2.3%— BOC Lowers 2022 GDP Forecast to 4.0% From 4.3%, 2023 To 3.5% Vs 3.7% By Max Sato […]
Bank of Canada Policy Statement – Holds Rates Steady, Ends Extraordinary Forward Guidance on Policy Rate
(MaceNews) – The following is the text of Wednesday’s Bank of Canada policy announcement: The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ %, with the Bank Rate at ½ % and the deposit rate at ¼ %. With overall economic slack now absorbed, the […]
Wednesday January 26th Washington Schedules from Mace News
THE WHITE HOUSE DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, JANUARY 26, 2022 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval Office. This meeting will be closed press. In the afternoon, the President will meet with private sector CEOs to discuss the ways his Build Back Better […]
German Ifo Jan. Business Sentiment Starts the Year on an Improved Note
ZURICH (MaceNews) – Sentiment among German businesses rose in January, reversing a series of declines since July, led by higher expectations according to the latest report from the Ifo Institute in Munich. Ifo’s Business Climate Index rose to 95.7 in January from a revised 94.8 (94.7) in December. The result is better than the slight […]
Tuesday, January 25th Washington Schedules from Mace News
THE WHITE HOUSEDAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, JANUARY 25, 2022 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval Office. This meeting will be closed press. In-Town Pool Wires: AP, Reuters, BloombergWire Photos: AP, Reuters, AFP, NYTTV Corr & Crew: CNNPrint: Christian Science MonitorRadio: CBS EST 10:15 AM THE […]
Monday January 24th Washington Schedules from Mace News
THE WHITE HOUSEDAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, JANUARY 24, 2022 In the morning, the President will return to the White House from Camp David. The arrival on the South Lawn will be open press and pooled for TV. After, the President will receive the President’s Daily Brief in the Oval Office. This meeting will be closed […]
Weekend Washington Schedules from Mace News
THE WHITE HOUSE WEEKEND GUIDANCE AND PRESS SCHEDULE FORSATURDAY, JANUARY 22, 2021 AND SUNDAY, JANUARY 23, 2021 On Saturday and Sunday, the President has no public events scheduled. Saturday’s In-Town Pool Wires: AP, Reuters, BloombergWire Photos: AP, Reuters, AFP, NYTTV Corr & Crew: NBCPrint: BNARadio: AP Sunday’s In-Town PoolWires: AP, Reuters, BloombergWire Photos: AP, Reuters, AFP, NYTTV Corr & Crew: ABCPrint: […]
Friday January 21 Washington Schedules from Mace News
THE WHITE HOUSE DAILY GUIDANCE AND PRESS SCHEDULE FORFRIDAY, JANUARY 21, 2022 In the morning, the President will meet virtually with His Excellency Kishida Fumio, Prime Minister of Japan, to further deepen ties between our governments, economies, and our people, and advance our shared vision for a free and open Indo-Pacific. This meeting in the […]