The ‘Maestro’ Knew How to Move Markets When He Wanted
By Denny Gulino WASHINGTON (MaceNews) – For any reporter covering Alan Greenspan there was a reliable imperative, read the text of his latest speech very closely because there was likely a zinger in there, a sentence that he intended to be the quote of the day, whether “irrational exuberance” or the ‘winner-take-all economy.” It was […]
Analysis: What’s Next after Starmer Resigns as UK Prime Minister
By Laurie Laird LONDON (MaceNews) – UK Prime Minister Keir Starmer resigned as leader of the Labour Party early on Monday, bringing an end to his turbulent two-year spell as prime minister. A visibly-emotional Starmer acknowledged that he’d lost the confidence of his Labour Party colleagues and pledged his full support to his successor. He’ll […]
Update: Japan Week Ahead: Markets Look for Signs of Follow-Up BOJ Move in A Few Months After Milestone Rate Hike in June, Warning about Inflation
–Updates to Show New Date for Monthly Economic Report –June Tokyo CPI Inflation Seen Accelerating on Rising Costs for Plastics, Other Goods amid Mideast Materials Supply Squeeze but Still Below 2% BOJ Target By Max Sato (MaceNews) – Financial markets are expected to be volatile in the coming week after Iran announced on the weekend […]
FOMC Holds Rates Steady; Drops Easing Bias By Ending Forward Guidance
— SEP Shows Fed Officials See Funds Rate Rising To 3.8% By End ‘26; Back to 3.6% end ’27 – -SEP Inflation Forecast Lifted for 2026 From 2.7% to 3.6% — Warsh Didn’t Submit Funds Rate Dot; Half Want Rate Same or Lower; Half Want Rate Hike – -Warsh Committed To 2% Inflation; ‘Compatible’ With […]
TRANSCRIPT: Fed Chair Warsh Says Wants Changes, Appoints Five Task Forces, But Will Keep 2% Inflation Target
WASHINGTON (MaceNews) – The following is a rough transcript of the responses of the new Federal Reserve chair, Kevin Warsh, to reporters’ questions in his first post-Federal Open Market Committee news conference Wednesday: >> Good day. It’s an honor, a true honor to take up this duty at a time of such consequence. I’ve been […]
ABBREVIATED FOMC STATEMENT CONTAINS NO FORWARD GUIDANCE
WASHINGTON (MaceNews) – The drastically abbreviated Federal Open Market policy statement follows, containing no forward guidance, no dissents, no rate change and which drops easing bias, as expected: The Federal Open Market Committee approved the following statement for release by a 12 – 0 vote: The Committee decided to maintain the target range for the […]
BofA Global Research Fund Manager Survey: Global Investors Pare Risk Holdings in June but Stay Positive On World Growth Prospects
By Vicki Schmelzer NEW YORK (MaceNews) – Global fund managers pared risk holdings in June, while at the same time remaining “steadfastly bullish” about world growth prospects, according to the latest BofA Global Fund Managers survey, released Tuesday. This month, a net 1% of those polled looked for weaker economic growth in the coming 12 […]
Preview: Forecasters See Japan Core CPI Inflation Low and Stable in May Report
Consensus outlook for Mace News0830 JST (2330 GMT/1930 EDT Thursday, June 18) The Ministry of Internal Affairs and Communications releases May CPI.Mace News median: total CPI +1.5% y/y (range: +1.4% to +1.6%) vs. Apr +1.4%; core CPI (ex-fresh food) +1.4% y/y (range: +1.4% to +1.5%) vs. Apr +1.4%; core-core CPI (ex-fresh food, energy) +1.9% y/y […]
Preview: Forecasters See Japan Machinery Orders Up Again on Year in April as AI Spending Boom Continues
Consensus outlook for Mace News 0850 JST (2350 GMT/1950 EDT Tuesday, June 16) The Cabinet Office releases April machinery orders.Mace News median: core orders -0.3% m/m (range: -2.0% to +6.5%) vs. Mar -9.4%; +9.9% y/y (range: +8.5% to +17.4%) vs. Mar +5.9% By Chikafumi Hodo TOKYO (MaceNews) – Japan’s core machinery orders, a key leading […]
Preview: Forecasters See Strong Japanese Exports, Imports, Return to Trade Deficit in May
0850 JST (2350 GMT/1950 EDT Tuesday, June 16) The Ministry of Finance releases May trade.Mace News median: exports +14.8% y/y (range: +10.7% to +19.0%) vs. +14.8% in April; imports +12.5% y/y (range: +9.9% to +16.6%) vs. revised +9.8% in April from 9.7%; trade deficit ¥559.60 billion (range: a deficit of ¥660.00 billion to a deficit […]