Fed Officials Forewarn More ‘Pain’ For the Economy After Initial Rate Hike
– Goolsbee: Getting Inflation Down to 2% Target ‘Won’t Be Painless’ – Barkin: Inflation ‘Troublemaker’ Will Need More Than One ‘Talking-To’ – Paulson: ‘Recalibration’ Brought FFR ‘Closer’ But More Hikes Likely Needed – Williams: ‘Reasonable’ To Expect More Fed Tightening – Collins: Upside Inflation Risks Worsening; Need ‘More Restrictive’ Stance By Steven K. Beckner (MaceNews) […]
Japan Week Ahead: Forex Trading in Holiday Week Seen Choppy, Cautious amid Signs MOF Ready to Intervene to Prop Up Yen After BOJ Rate Hike Did Little to Help
–Data Calendar Thin Until Sept. 28 Week When BOJ’s Tankan Survey Set to Show Manufacturer Sentiment Improved Sharply in Q3 on Global AI Boom By Max Sato (MaceNews) – The coming week is quieter on the economic policy and data fronts after the Bank of Japan followed up on its June rate hike on Friday […]
Bank of Japan Hikes Policy Interest Rate to 1.25% from 1% in 7 to 2 Vote, Repeats It Will Continue to Raise Rate as Part of Normalization
By Max Sato –BOJ Points to Upside Risks to its Inflation Outlook, Notes Financial Conditions Expected to Remain Supportive to Economic Activity (MaceNews) – The Bank of Japan’s nine-member board on Friday decided to raise the target for the overnight interest rate to 1.25% from 1% in a 7 to 2 vote, warning that elevated […]
FOMC Hikes Funds Rate 25 BP For First Time In 3 Years To 3.75-4.0% Range
– Warsh: Strong Economy, High Inflation Made FOMC ‘Remove Dose of Accommodation’ – Warsh: Rate Hike Should Ensure ‘Timelier Return’ to Fed’s 2% Inflation Target – Warsh Refuses to ‘Prejudge’ Future FOMC Actions; No ‘Forward Guidance’ – FOMC Participants Project Funds Rate At 4.1% end ‘26; 4.1% end ‘27; 3.9% End ‘28 – PCE Inflation […]
FOMC: Raises Fed Funds Rate By Quarter Point As Expected; Dots Suggest One More Rate Hike
WASHINGTON (MaceNews) – The following is the extremely brief policy statement by the Federal Open Market Committee Wednesday afternoon: The Federal Open Market Committee approved the following statement for release by a 12 – 0 vote: The Committee decided to raise the target range for the federal funds rate by 1/4 percentage pointto 3-3/4to 4 […]
BofA Global Research Fund Manager Survey: Fund Managers Cut Back on Risk in September amid Rising Uncertainty
— Managers Increase Cash, Reduce Other Holdings –Potential ‘Disorderly’ Rise in Bond Yields Seen as Top ‘Tail Risk’ NEW YORK (MaceNews) – Uncertainty about a wide array of issues put a dent in fund manager bullish exuberance in September, as per the latest BofA Global Fund Managers survey, released Tuesday. As a result of mounting […]
Preview: Forecasters See Japan’s Core CPI Steady at 1.8% in July Report
Friday, Sept 18, 20260830 JST (2330 GMT/1930 EDT Thursday, Sept 17) The Ministry of Internal Affairs and Communications releases July CPI. Mace News median: total CPI +2.0% y/y (range: +1.9% to +2.1%) vs. July +1.9%; core CPI (ex-fresh food) +1.8% y/y (range: +1.8% to +2.0%) vs. July +1.8%; core-core CPI (ex-fresh food, energy) +2.0% y/y […]
Preview: Forecasters See Japanese Machinery Orders Falling Back in July Report
Wednesday, Sept 16, 20260850 JST (2350 GMT/1950 EDT Tuesday, Sept 15) The Cabinet Office releases June and April-June machinery orders.Mace News median: core orders -1.0% m/m (range: -7.7% to +1.8%) vs. June +9.7%; +15.3% y/y (range: +6.2% to +18.6%) vs. June +16.9%. By Chikafumi Hodo TOKYO (MaceNews) – Japan’s core machinery orders, a key leading […]
Preview: Forecasters See Another Big Gain for Japanese Exports, Imports in August Report
Wednesday, Sept 16, 20260850 JST (2350 GMT/1950 EDT Tuesday, Sept 15) The Ministry of Finance releases August trade.Mace News median: exports +17.7% y/y (range: +15.9% to +19.6%) vs. +23.2% in July; imports +26.0% y/y (range: +24.0% to +26.1%) vs. revised 27.9% in July from +27.8%; trade deficit ¥1,052.20 billion (range: a deficit of ¥1,103.60 billion […]
Japan Week Ahead: BOJ Set to Raise Policy Rate to 1.25% from 1% at Sept. 17-18 Meeting, Markets Eye Another Hike in December or January
–August Exports to Continue Showing Resilience, July Machinery Orders to Dip After Sharp Rebound, August CPI Seen Steady to Slightly Up around BOJ’s 2% Target By Max Sato (MaceNews) – Official comments and economic data suggest that it is both necessary and safe to accelerate the pace of the Bank of Japan’s normalization rate hikes, […]