HOUSE DEMOCRATS EYE SWEEPING CORPORATE TAX INCREASES
By Eric Ham Congress returns from its month-long recess and big changes could be in store for corporate America. To help pay for the 3.5 trillion infrastructure package, House Democrats are considering raising corporate taxes from 21 percent to 26.5 percent. Democrats are also proposing an increase to the top capital gains tax to 25 […]
Monday September 13 Washington Schedules from MaceNews
The White House President Biden to Travel to Long Beach, CaliforniaOn Monday, September 13, the President will travel to Long Beach, California to participate in an event with Governor Gavin Newsom.The President’s arrival at Long Beach Airport on Monday, September 13 and his departure on Tuesday, September 14 will be open press. Additional details are below.*Please RSVP […]
US Data Preview Commentary: CPI, Retail Sales, IndPro and the Next 20 Years
WASHINGTON (MaceNews) – This week’s economic data includes the Consumer Price Index for August, with forecasters not anticipating an acceleration in the rate of change but not much, if any, deceleration. If the annual consumer inflation rate remains around the 5.4% in July and June, or a little less as forecasted, analysts are likely to […]
Saturday September 11 Washington Schedules from MaceNews
The White House DAILY GUIDANCE AND PRESS SCHEDULE FOR SATURDAY, SEPTEMBER 11, 2021 In the morning, the President and the First Lady will participate in a commemoration ceremony at the National September 11th Memorial in New York, New York. This event will be covered by the out-of-town pool. After, the President and the First Lady […]
Cleveland Fed’s Mester Expects Inflation To Dip Next Year But Sees Upside Risks
Sees ‘Transitory’ As ‘Less Useful’ Term To Describe Inflation Upsurge Calls For Clearer FOMC Communication on Inflation, Employment Goals By Steven K. Beckner (MaceNews) – Cleveland Federal Reserve Bank President Loretta Mester warned Friday that inflation could persist at higher levels next year and questioned the use of the term “transitory” to describe the current […]
Friday September 10 Washington Schedules from MaceNews
The White House DAILY GUIDANCE AND PRESS SCHEDULE FOR FRIDAY, SEPTEMBER 10, 2021 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Then, the President, the First Lady, and the Secretary of Education will visit a local school in Washington, DC. The President and First Lady will […]
BOC Chief: Uncertain How Long Canada’s ‘Transitory’ CPI Spike Lasts; Need Watch
— Macklem: After QE Tapering, Reinvestment, BOC Will Raise Rates — Macklem: Canada Q2 GDP Slump Caused by Supply Chain Disruptions — Macklem: Easing Global Supply Chain Constraints Could Take Time By Max Sato (MaceNews) – The Bank of Canada still considers the recent surge in domestic inflation a temporary phenomenon but it is uncertain […]
ECB To Decelerate QE Purchases; No Word on What Will Succeed Emergency Programme
By Laurie Laird LONDON (MaceNews) – The European Central Bank will decelerate the pace of asset purchases in the third quarter, as it presented upgraded forecasts for the next year, but provided no clue as to what will replace its emergency purchase programme which is due to end next year. “Based on a joint assessment […]
Thursday Washington Schedules from MaceNews
The White House DAILY GUIDANCE AND PRESS SCHEDULE FOR THURSDAY, SEPTEMBER 9 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In the evening, the President will deliver remarks on his robust plan to stop the spread of the Delta variant and boost COVID-19 vaccinations. These remarks […]
NY Fed’s Williams: 2021 Taper ‘Could Be Appropriate,’ But Must Assess Data
– Fed Progress Goal Met For Inflation, But Not for Employment – Very Good Progress Made On Jobs, But Wants To See More – MBS, Treasury Purchases Complementary; ‘Working Side By Side Together’ – Timing of Liftoff Doesn’t Depend on Timing of Tapering By Steven K. Beckner (MaceNews) – New York Federal Reserve Bank President […]