FOMC Hints at Further Rate Hikes This Year While Holding Steady This Time
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday said it is “maintaining” its current rate stance to allow an assessment of “additional information” but quarterly “dot plot” projections suggested perhaps two more rate hikes this year and a terminal rate around 5.6%. The policy statement follows: Recent indicators suggest that economic activity has continued […]
White House and Other Schedules for Wednesday, June 14
WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR WEDNESDAY, JUNE 14, 2023In the morning, the President will receive the President’s Daily Briefing. The Vice President will attend. This […]
BofA Global Research Fund Manager Survey: Global Investors Add To Equity Shorts, Pare Bonds and Cash Longs in June
— Investors Eye Improved World Growth Outlook, Fret ‘Big Tech’ Longs, AI/Tech Bubble By Vicki Schmelzer NEW YORK (MaceNews) –Global investors added to equity short positions and pared bond and cash long positions in June, with the latter driven by an improved world growth outlook, according to the findings of BofA Global Research’s monthly fund […]
White House and Other Schedules for Tuesday, June 13
WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR TUESDAY, JUNE 13, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]
Bank of Italy Succession ‘Very Risky’ for Italy’s ECB Governing Council Seat – Sources
–Not ‘automatic’ Italy is granted top seat on ECB governing council if Fabio Panetta returns to Rome By Silvia Marchetti ROME (MaceNews) – Rome’s government will appoint in October the successor to current Bank of Italy Governor Ignazio Visco, with ECB governing council member Fabio Panetta among the leading candidates, which could make the nomination […]
FOMC Faces Tough Choice of Policy Options: Hike, Skip or Pause
– At Issue: The Funds Rate May Be ‘Restrictive,’ But Is it ‘Sufficiently Restrictive‘? By Steven K. Beckner (MaceNews) – In the run up to the Federal Reserve’s mid-June monetary policy meeting we’ve been witnessing a kind of clinic on central bank communication or, some would say, miscommunication. With key data yet to arrive and […]
White House and Other Schedules for Monday, June 12
WASHINGTON (MaceNews) – The following are Monday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, JUNE 12, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]
Japan May Producer Inflation Eases Further to 2-Year Low of 5.1% from April’s 5.9% on Energy Subsidies, Weaker Lumber, Non-Ferrous Metals
–May’s 5.1% Y/Y Rise Lowest Since 5.0% in June and May 2021 –December’s 10.6% Surge Remains Highest in 42 Years By Max Sato (MaceNews) – Producer inflation in Japan eased for the fifth straight month to a two-year low in May as the government’s utilities subsidies continued to cap energy costs and many commodities markets […]
White House and Other Schedules for Friday, June 9
WASHINGTON (MaceNews) – The following are Friday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR FRIDAY, JUNE 9, 2023 In the morning, the President and the First Lady will travel to Rocky Mount, North Carolina. The departure from the North Grounds will be […]
White House and Other Schedules for Thursday, June 8
WASHINGTON (MaceNews) – The following are Thursday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, JUNE 8, 2023 In the morning, the President will hold a bilateral meeting with Prime Minister Rishi Sunak of the […]