The July FOMC Meeting Saw Divergent Views on Tapering Timing
WASHINGTON (MaceNews) – As described at the time by Federal Reserve Chair Jay Powell, the July 27-28 Federal Open Market Committee saw a variety of views about when to start the tapering progress, exhibiting considerably more caution than much of the subsequent Fedspeak advocating faster action, the minutes of the meeting suggested Wednesday. The section […]
Eurozone Final July HICP Rose 2.2% Year-on-Year, Confirming Flash Estimate
ZURICH (MaceNews) – Inflation in the euro area rose 2.2 percent from a year ago in July, rising from 1.9 percent through June, final figures released by Eurostat showed Wednesday. Energy prices rose 14.3 percent in July, revised up from the flash estimate of 14.1 percent, with the rate increasing from 12.6 in June. Without […]
Wednesday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, the State Department, the Capitol and for upcoming Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, AUGUST 18, 2021 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In the afternoon, […]
Japan July Exports Continue Rising From Pandemic-Hit 2020; Flat on Month
By Max Sato (MaceNews) – Japanese exports continued posting a sharp year-on-year rise in July, recovering from the pandemic-caused slump of 2020, led by demand for automobiles and steel as seen in recent months, data released Wednesday by the Ministry of Finance showed. Japanese passenger cars, steel and semiconductor-producing equipment continued drawing strong demand while […]
Japan June Machine Orders Dip, Rebound in Q2; Sharp Q3 Rise Seen
By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, took a breather in June after three months of gains, but they appear to be headed for a sharp gain in the July-September quarter after a rebound in April-June, data released Wednesday by the Cabinet Office showed. Orders […]
Fed’s Powell Warns of Ongoing Covid Risks; Says Economy Far From Full Recovery
By Steven K. Beckner (MaceNews) – Federal Reserve Chairman Jerome Powell warned of the continued economic risks posed by the mutating Covid virus Tuesday. And Powell stressed that the economy remains far from completing recovery from the initial outbreak of the pandemic and from achieving the “maximum employment” aspect of the Fed’s dual mandate. The […]
BofA Global Research Fund Manager Survey: Prospects of Fed Taper, China Easing, Delta Variant Concerns Weigh on Growth Outlook
By Vicki Schmelzer NEW YORK (MaceNews) – Federal Reserve tapering prospects, potential People’s Bank of China easing and the fast-paced spread of the COVID-19 Delta variant weighed on the growth outlook in August, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. Even though world growth expectations slipped more markedly […]
Tuesday’s Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, the State Department, the Capitol and for upcoming Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, AUGUST 17, 2021 In the morning, the President will receive the President’s Daily Brief at Camp David. This meeting will be closed […]
US Data Preview Commentary: Retail Sales, Housing Starts, Powell’s Town Hall and ‘Encirclement’
WASHINGTON (MaceNews) – The lazy, hazy days of … but not this time. U.S. stocks are still setting records but a new pessimism has dawned. About two weeks until Jackson Hole and a few more days afterward in which to likely be disappointed in how little the event added to what we already knew. And […]
Saturday/Sunday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are the Saturday and Sunday schedules for the White House, Treasury, the State Department, the Capitol and for upcoming Federal Reserve events: The White House WEEKEND GUIDANCE AND PRESS SCHEDULE FORSATURDAY, AUGUST 14, 2021 AND SUNDAY, AUGUST 15, 2021 The President will remain at Camp David through Wednesday, August 18. […]