White House and Other Schedules for Tuesday, June 20
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 MONDAY, JUNE 19, 2023 In the morning, the President will receive the President’s Daily Briefing. This meeting will be closed […]
BOJ Keeps Easing Stance to Pursue Stable 2% Inflation, Wage Growth; Repeats April Outlook for Modest Economic Recovery, Slower CPI in Fiscal 2023
–BOJ Repeats: To Patiently Continue with Easing while Nimbly Responding to Developments in Economic Activity, Prices, Financial Conditions –Ueda in May 19 Speech: Need to See Wage Hikes Spread to Smaller Firms; Will Take Some Time to Achieve 2% Inflation Target By Max Sato (MaceNews) – The Bank of Japan said Friday its policy board […]
White House and Other Schedules for Friday, June 16
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 16, 2023 In the morning, the President will receive the President’s Daily Briefing. This meeting will be closed press. […]
Japan PM Kishida Rules Out Dissolving Lower House During Current Session but Expectations for Snap Election This Year Stay Alive
By Max Sato (MaceNews) – Japanese Prime Minister Fumio Kishida late on Thursday denied he was considering dissolving the lower house of parliament during the current 150-day ordinary Diet session ending on June 21 but expectations for a snap election this year, possibly in the fall, remain alive. Kishida’s recent remarks had stirred speculation that […]
White House and Other Schedules for Thursday, June 15
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 FOR THURSDAY, JUNE 15, 2023 In the morning, the President will receive the President’s Daily Briefing. This meeting will be closed […]
Japan April Machine Orders Rebound on Solid Computer Demand from Service Providers; Orders from Manufacturers Down for 2nd Month in A Row
–Cabinet Office Keeps View: Machine Orders Pausing By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, rebounded in April after two months of decline, led by solid demand from the non-manufacturing sector as Japan is playing catchup in easing Covid restrictions and reopening the economy, data released […]
Japan May Exports Post Slight Gain on Autos amid Improving Supply Chains but Pace Continues to Slow on Cooling Global Chip Demand
–Imports Mark 2nd Y/Y Drop in A Row on Easing Energy Prices –Japan Posts 22nd Straight Monthly Trade Deficit–Exports to China Mark 6th Straight Y/Y Drop on Iron and Steel By Max Sato (MaceNews) – Japanese export values posted a slight gain as recovering supply chains supported automobile shipments to the U.S. and Europe but […]
FOMC Keeps 5-5.25% Funds Rate but Warns Hikes Will Resume If Inflation Disappoints
– Powell: Not Enough Progress on Core Inflation; ‘Have to Keep at It’ – Fed Will Do ‘Whatever It Takes’ To Reduce Inflation to 2% – FOMC Participants Revise Funds Rate Projections Higher: FFR Seen At 5.6% End 2023 By Steven K. Beckner (MaceNews) – Interrupting its long campaign of anti-inflationary monetary tightening measures, the […]
TRANSCRIPT: Federal Reserve Chair Jerome Powell’s Post-FOMC News Conference
WASHINGTON (MaceNews)- The following is the transcript of Federal Reserve Chair Jerome Powell’s news conference held after the Federal Open Market Committee meeting that concluded Wednesday: Since early last year, the FOMC has tightened the stance of monetary policy. We have raised our policy interest rate by five percentage points and continued to reduce our […]
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 […]