Chicago Fed’s Evans Sees Strong Economic Rebound in 2021
— Says Fed will continue to do asset purchases across the Treasury curve in current economic environment— Evans watching 10-year yield as an bellwether; accommodative monetary appropriate— Evans sees U.S. stimulus package as a positive, notes consumer spending strong— Says current unemployment rate masks those who cannot return to work, but still sees economy strongly […]
Germany’s Bundesbank Increases Risk Provisioning; Won’t Distribute Profit
ZURICH (MaceNews) – Germany’s Bundesbank, the nation’s central bank, won’t be distributing profits for the first time since 1979 as it increased its provisions for general risks by 2.4 billion euros to 18.8 billion. The Bank’s model-based assessment had “flagged a considerable increase in risks, with interest rate risk and default risk in the monetary […]
Wednesday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Wednesday’s public schedules for the White House, Treasury, the Capitol and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, MARCH 3, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval […]
SF Fed’s Daly: Yield Curve Control a Tool Fed Could Use If Needed; Must Choose Price or Quantity
By Steven K. Beckner (MaceNews) – San Francisco Federal Reserve Bank President Mary Daly said Tuesday that monetary policy is “in a good place” presently, but said the Fed could decide to extend the maturity of its asset purchases if necessary – for example if it decided that long-term interest rates were moving too high. […]
ECB Officials Hint At Easier Policy Stance In Face Of Rising Bond Yields
— Panetta, de Guindos suggest the PEPP envelope could be increased By Laurie Laird LONDON (MaceNews) – Leading European Central Bank officials expressed concern over the recent increase in sovereign bond yields, suggesting that the ECB is open to increasing its quantitative easing programme or even cutting interest rates to keep borrowing costs in check. […]
Euro Area February Flash CPI Rose 0.9%; +1.0% Expected
Zurich (MaceNews) – Consumer prices in the euro area are expected to rise 0.9% in February from a year ago, led by food, alcohol and tobacco prices, according to the HICP flash estimate released today by Eurostat. Economists had expected inflation to rise 1.0%, according to the median forecast of a survey of economists conducted […]
Japan MOF Survey Shows Q4 Capex Drop Slows; GDP Revision Seen Limited
By Max Sato (MaceNews) – Business investment in equipment by many Japanese companies stayed below year-earlier levels in the October-December quarter, but the pace of decline decelerated as firms gradually resumed spending on factories and systems during the pandemic, a quarterly survey by the Ministry of Finance released Tuesday showed. This and other pieces of […]
TUESDAY WASHINGTON SCHEDULES FROM MaceNews
WASHINGTON (MaceNews) – The following are Tuesday’s public schedules for the White House, Treasury, the Capitol and for upcoming economic data and Federal Reserve events: White HouseDAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, MARCH 2, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval Office. This […]
Italy Ready To Launch Long-Maturity Green Bonds – Sources
By Silvia Marchetti ROME (MaceNews) – Italy’s government is ready to issue its first-ever green debt to fund a maximum of EUR 35 billion in key environmental investments, according to ruling coalition sources. A global investor call is expected to take place on Monday at 3.30 p.m. CET to gauge market demand, followed by a […]
NABE Survey: More Optimistic Re Growth But Jobs Recovery Waits Until ‘23
WASHINGTON (MaceNews) – The National Association for Business Economics, in its March outlook survey of members released Monday, found more optimism about growth but no full jobs recovery until 2023. Their views are bullet pointed here: Summary: While NABE panelists have become increasingly optimistic about future GDP growth, their views on the job market are […]