Fed’s Bullard: Want To See Economic Progress Materialize Before Consider Policy Adjustment
By Steven K. Beckner (MaceNews) – St. Louis Federal Reserve Bank President James Bullard was upbeat about the economic outlook Thursday, but said he is not ready to start considering any scaling back of the Fed’s ultra-easy monetary policy. He told reporters he is not concerned about the recent spike in bond yields and does […]
KC Fed’s George: ‘Too Early To Discuss Pulling Back’ Monetary Ease
– Be ‘Patient’ For Now, But Must ‘Reconsider’ Policy Settings as Virus Fog Clears – Not Worried About Rising Yields, Breakevens Now, But Watch Wages, Prices By Steven K. Beckner (MaceNews) – Kansas City Federal Reserve Bank President Esther George said Thursday that, for now, the Fed needs to be “patient” in maintaining an accommodative […]
Euro-area Economic and Consumer Sentiment Pick Up in February
ZURICH (MaceNews) – Improved confidence among consumers, industry and services bolstered economic sentiment in the euro-area in February, according to the latest report from the European Commission. The Economic Sentiment Index (ESI) rose to 93.4 in February from 91.5 in January and stands at the highest level since March 2020 when the index was 95.3. […]
Thursday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Thursday’s public schedules for the White House, Treasury, the Capitol and for upcoming economic data: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, FEBRUARY 25, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Situation Room. This meeting will […]
Fed’s Powell Again Signals No Rush to Taper Asset Purchases
By Steven K. Beckner Want to See ‘Actual Progress’ Toward Employment, Inflation Goals Downplays Inflation, Financial Stability, Dollar Risks (MaceNews) – Federal Reserve Chairman Jerome Powell again Wednesday signaled that the Fed will maintain its ultra-easy monetary policy stance unabated for the foreseeable future. Powell, testifying for a second straight day on the Fed’s semiannual […]
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: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, FEBRUARY 24, 2021 In the morning, the President will receive the President’s Daily Brief in the Oval Office. This meeting will be closed press. In the […]
Fed’s Powell: Fed Will Be ‘Patient’ About Lessening Monetary Support for the Recovery
By Steven K. Beckner (MaceNews) – Federal Reserve Chairman Jerome Powell pledged Tuesday the Fed will move “patiently” and with plenty of advance notice before it firms monetary policy. Powell, testifying before the Senate Banking Committee on the Fed’s semi-annual Monetary Policy Report to Congress, downplayed risks of excessive inflation and financial instability. He largely […]
Euro-Area CPI Rose 0.9% in January From a Year- Ago, Confirming Preliminary Reading
Zurich (MaceNews) – Consumer inflation in the Euro-area rose 0.9% in January from a year ago, according to final harmonized (HICP) figures released by Eurostat Tuesday. The increase, which confirmed the preliminary result released earlier this month, was led by services and non-energy industrial goods and matched the median of an Econoday survey of economists’ […]
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: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, FEBRUARY 23, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval Office. This meeting will […]
German Business Sentiment Rose in February Despite Corona: Ifo
Zurich (MaceNews) – German business sentiment improved in February as both current conditions and expectations for the coming months improved, according to the latest report from the Munich-based Ifo Institute. The Ifo Institute’s Business Climate Index rose to 92.4 in February from a revised 90.3 the previous month (90.1), beating the median forecast in an Econoday […]