German Economic Sentiment Declined in April, First Drop Since November 2020; ZEW
ZURICH (MaceNews) – The economic outlook in Germany fell in April, declining for the first time since November 2020 on concerns a stricter lockdown will dampen private consumption, according to ZEW. The Economic Sentiment Index unexpectedly fell in April, down 5.9 points to 70.7, and well below the Econoday median forecast of 77.0 and the […]
Tuesday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, the State Department, Capitol Hill and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, APRIL 13, 2021 In the morning, the President will receive the President’s Daily Brief in the Oval Office. This […]
Italy Hones EU Pandemic Aid Plan, Reforms ‘Key’ Part – Sources
By Silvia Marchetti ROME (MaceNews) – Rome’s government is honing a key pro-growth plan to deploy European pandemic aid which will be forwarded to Brussels by the end of April and will include ambitious investments alongside structural reforms, according to ruling coalition sources. In order to apply for European funds the European Commission must greenlight […]
Monday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Monday’s schedules for the White House, Treasury, the State Department, Capitol Hill and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, APRIL 12, 2021 In the morning, the President will receive the President’s Daily Brief in the Oval Office. This […]
ECB Rate Setter Refuses to Rule Out Additional PEPP Purchases to Lift Inflation to Target
By Laurie Laird — Fabio Panetta calls inflation outlook “unsatisfactory” LONDON (MaceNews) – A leading European central banker lamented the eurozone’s chronically-low inflation, refusing to rule out an extension of the current asset purchase programme if inflation remains below target. “We do have room for manoeuvre, because so far we have only used part of […]
Saturday/Sunday Washington Schedules MaceNews
WASHINGTON (MaceNews) – The following are Saturday and Sunday schedules for the White House, Treasury, the State Department, Capitol Hill and for upcoming economic data and Federal Reserve events: The White House WEEKEND GUIDANCE AND PRESS SCHEDULE FORSATURDAY, APRIL 10, 2021 AND SUNDAY, APRIL 11, 2021 On Saturday and Sunday, the President has no public […]
US Data Preview: CPI, Retail Sales, Housing Starts
WASHINGTON (MaceNews) – This current month and in May is when the inflation rate is finally going to hit the Fed’s target of 2% and we begin riding the “transitory” express, waiting for the ride back down. At least that’s what Federal Reserve Gov. Lael Brainard told us late last month about negative comps. “The […]
Friday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Friday’s schedules for the White House, Treasury, the State Department, the Capitol and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORFRIDAY, APRIL 9, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in […]
Japan’s Consumer Sentiment Picks Up Amid Pandemic Uncertainty
By Max Sato (MaceNews) – The latest surveys by the government and the Bank of Japan point to some optimism about a recovery from the pandemic that has choked global growth for about a year, but the spread of coronavirus variants amid the slow rollout of vaccinations is clouding the outlook. The monthly Economy Watchers […]
Fed’s Powell: Economic Recovery Uneven, Incomplete; Fed Must Keep Providing Support
By Steven K. Beckner (MaceNews) – Federal Reserve Chairman Jerome Powell hailed recent strong economic indicators Thursday, but said the recovery is uneven and incomplete and vowed continued monetary support “until the job is done.” Powell, addressing an International Monetary Fund Debate on the Global Economy, repeated that he and his fellow policy-makers on the […]