Germany’s Bundesbank Increases Risk Provisioning; Won’t Distribute Profit
ZURICH (MaceNews) – Germany’s Bundesbank, the nation’s central bank, won’t be distributing profits for the first time since 1979 as it increased its provisions for general risks by 2.4 billion euros to 18.8 billion. The Bank’s model-based assessment had “flagged a considerable increase in risks, with interest rate risk and default risk in the monetary […]
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 and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, MARCH 3, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval […]
SF Fed’s Daly: Yield Curve Control a Tool Fed Could Use If Needed; Must Choose Price or Quantity
By Steven K. Beckner (MaceNews) – San Francisco Federal Reserve Bank President Mary Daly said Tuesday that monetary policy is “in a good place” presently, but said the Fed could decide to extend the maturity of its asset purchases if necessary – for example if it decided that long-term interest rates were moving too high. […]
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 and Federal Reserve events: White HouseDAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, MARCH 2, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval Office. This […]
NABE Survey: More Optimistic Re Growth But Jobs Recovery Waits Until ‘23
WASHINGTON (MaceNews) – The National Association for Business Economics, in its March outlook survey of members released Monday, found more optimism about growth but no full jobs recovery until 2023. Their views are bullet pointed here: Summary: While NABE panelists have become increasingly optimistic about future GDP growth, their views on the job market are […]
Monday’s Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Monday’s public schedules for the White House, Treasury, Capitol Hill and for upcoming economic data: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, MARCH 1, 2021 In the morning, the President will depart Wilmington, Delaware en route Washington, DC. The departure from Delaware Air National Guard Base will […]
Saturday/Sunday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are the public schedules for the White House, Treasury, the Capitol and for upcoming economic data: WEEKEND GUIDANCE AND PRESS SCHEDULE FORSATURDAY, FEBRUARY 27, 2021 AND SUNDAY, FEBRUARY 28, 2021 On Saturday, the President will deliver remarks on the American Rescue Plan. This event will be pooled press. Later, the President […]
US Data Preview: Jobs Report, Powell Speaks, Beige Bk, ISMs
WASHINGTON (MaceNews) – The week ahead features January’s jobs report and, the day before, Federal Reserve Chair Jay Powell talking about jobs. With the escalation of the 10-year yield lately, a lot of viewers of the Wall Street Journal Jobs Summit appearance would rather he talk about inflation, credit costs, the way measures of inflation […]
G20 Finance Ministers and Central Bankers Commit To Pursuing Accommodative Policies To Kickstart Recovery
Inbox By Silvia Marchetti ROME (MaceNews) – The G20 finance ministers and central bankers committed on Friday to pursuing accommodate fiscal and monetary policies and to step up joint efforts to tackle the COVID-19 pandemic. During an online meeting held by Italy’s G20 presidency, member countries acknowledged that health and economic conditions remain difficult despite the […]
Friday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are the public schedules for the White House, Treasury, the Capitol and for upcoming economic statistics: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORFRIDAY, FEBRUARY 26, 2021 In the morning, the President and the First Lady will travel to Houston, Texas. The departure from the South Lawn will be […]