Fed’s Beige Book Sees ‘Significantly Elevated Prices’
WASHINGTON (MaceNews) – The Federal Reserve’s survey of economic conditions coast to coast Wednesday found “significantly elevated prices” and some regional Fed districts in which growth slowed, hampered by labor shortages, supply disruptions and, of course, the Delta variant. Auto sales declined and some districts “noted increased uncertainty and more cautious optimism than in previous […]
Pres Biden’s ‘Build Back Better’ Getting Makeover
By Eric Ham WASHINGTON (MaceNews) – President Biden met with House progressives who then signaled major changes to the legislation to expand the social safety net. Tuition-free community college, a major priority of the White House, will be dropped. Moreover, the child tax credit — another key Democratic priority — would likely be extended for […]
Bundesbank’s Weidmann Makes Surprise Announcement, to Step Down at Year End
— ECB Governing Council to Lose One Of Its Most Hawkish Rate Setters By Laurie Laird LONDON (MaceNews) – Jens Weidmann, president of Germany’s Bundesbank, will relinquish his position at the end of 2021, ridding the European Central Bank of one its most hawkish voices. Weidmann has asked German President Frank-Walter Steinmeier to “dismiss” him […]
Wednesday October 20 Washington Schedules from Mace News
The White House DAILY GUIDANCE AND PRESS SCEDULE FOR WEDNESDAY, OCTOBER 20, 2021 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In the afternoon, the President will travel to Scranton, Pennsylvania. The departure from the South Lawn will be open press and pooled for TV. The […]
Japan Sept Exports Slower as Global Supply Chain Snag Cuts Auto Shipments
— Imports Surge on Energy, Vaccines, Leading to 2nd Straight Trade Deficit By Max Sato (MaceNews) – Japanese exports stayed above the level seen a year earlier in September but the pace of increase continued decelerating as carmakers and electronics firms cannot meet reopening demand amid worsening global supply chain disruptions, data released Wednesday by […]
BofA Global Research Fund Manager Survey: Increasingly Negative World Growth Outlook Prompt Former Bulls To Retreat in October
By Vicki Schmelzer — Record Underweight in Bonds On Rate Hike Jitters NEW YORK (MaceNews) – World growth expectations fell more markedly in October, prompting formerly bullish global investors to retreat, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. Growth expectations were weighed by fears of higher interest rates, […]
Italy to Clear EUR20-25 Billion Budget Plan with Tax Cuts and Pension Fixes – Sources
By Silvia Marchetti ROME (MaceNews) – Italy’s government will approve by end of this week the 2022 budget plan worth up to EUR 25 billion with tax cuts, pro-growth measures and a fix to the current pension system, according to sources. “We’re holding a preliminary meeting today to define the general framework but we still […]
Tuesday October 19 Washington Schedules from Mace News
The White House DAILY GUIDANCE AND PRESS SCHEDULE FOR TUESDAY, OCTOBER 19, 2021 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In the afternoon, the President, the Vice President and the Secretary of the Treasury will meet with House progressives to discuss his legislative agenda. This […]
BOC Q3 Survey Shows Business Sentiment Up, Tougher Supply Constraints
— More Firms in Canada See Above 3% Inflation Over 2 Years By Max Sato (MaceNews) – Sentiment among companies in Canada, particularly those in the services sector, continued to pick up in the July-September quarter on expectations of a gradual reopening of the economy and national borders, the Bank of Canada’s quarterly Business Outlook […]
Monday October 18 Washington Schedules from Mace News
The White House DAILY GUIDANCE AND PRESS SCHEDULE FOR MONDAY, OCTOBER 18, 2021 In the afternoon, the President will receive the President’s Daily Brief. This meeting will be closed press. In-Town Pool Wires: AP, Reuters, Bloomberg Wire Photos: AP, Reuters, AFP, NYT TV Corr & Crew: FOX Print: BNA Radio: CBS EDT 10:00 AM THE […]