TRANSCRIPT: Fed Chair Powell’s News Conference Remarks Rule Out Any Rate Hike and See Any Rate Cuts This Year Dependent on Data
–Don’t See the ‘Stag’ or the ‘Flation’ WASHINGTON (MaceNews) – Federal Reserve Chair Jerome Powell, answering questions in his post-FOMC news conference Wednesday, said he is still confident of more progress against inflation this year, was vague about the possibility of one or more 2024 rates cuts and said he doesn’t understand any fear about […]
FOMC Cites ‘Lack of Progress’ on Inflation; Need More Confidence Before Any Rate Cut
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday fulfilled expectations that it would hold steady on its policy interest rate while restating that there will be no rate cut until it has greater confidence that the inflation rate is declining toward its target. The FOMC policy statement follows with boldfacing added for emphasis: Recent […]
US April ISM Manufacturing Slips Back into Slight Contraction, Hit by Pullback in New Orders, Surge in Costs, but Employment Shows Improvement
manufacturing sector slowed in April
White House and Other Schedules for Wednesday, May 1
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. economic data DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, MAY 1, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In the afternoon, the President will participate […]
White House and Other Schedules for Tuesday, April 30
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. economic data DAILY GUIDANCE AND PRESS SCHEDULE FOR TUESDAY, APRIL 30, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Then, the President will […]
Japan March Retail Sales Y/Y Rise Slows; Department Store Sales Boosted by Strong Inbound Spending but Autos Weak
Japan retail sales growth slows
Japan March Industrial Production Up 3.8% M/M, Partially Recovering from Effects of Suspended Auto Output
Japanese industrial output rebounds in March
Japan March Jobless Rate Flat at 2.6%; Job Cuts Slower but More People Quit for Better Positions amid Labor Shortage, Rising Wages
Japanese unemployment steady
White House and Other Schedules for Monday, April 27
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. economic data DAILY GUIDANCE AND PRESS SCHEDULE FOR MONDAY, APRIL 29, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In-Town PoolWires: AP, Reuters, BloombergWire […]
White House and Other Schedules for Friday, April 26
WASHINGTON (MaceNews) – The following are Friday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data DAILY GUIDANCE AND PRESS SCHEDULE FOR FRIDAY, APRIL 26, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Later, the President will return […]