RECAP, U.S. and Israel officials waiting confirmation ongoing attempt to decapitate Iran’s leadership has been successful; Trump urges govt takeover
WASHINGTON (MaceNews) – The broad U.S. and Israel attack Saturday on Iran, which is said to include hundreds of targets over several days, has triggered retaliatory missile attacks on U.S. bases in the region. Iran claims a girls school with several dozen casualties was among the targets. President Trump urged Iran’s people to now take […]
Most Federal Reserve Officials Are Unwilling To Resume Interest Rate Cuts Yet
– A Few Favor More Easing, But Most Focus On Curbing Inflation, Not Boosting Jobs By Steven K. Beckner (MaceNews) – With relatively rapid economic expansion underpinning the labor market and with inflation remaining stubbornly high, most Federal Reserve officials sound increasingly disinclined to resume interest rate reductions after the Fed’s rate-setting Federal Open Market […]
FOMC Leaves Funds Rate Unchanged; Suggests Easing Pause Will Continue
– FOMC Signals No Hurry To Resume Easing with Unemployment ‘Stabilizing’ – Powell: Fed ‘Well-Positioned’ To See how ‘Solid’ Economy, Jobs, Inflation Unfold By Steven K. Beckner (MaceNews) – The Federal Reserve declined Wednesday to lower interest rates further in its first monetary policy meeting of the year, despite enormous pressure to do so from […]
FOMC Chooses Middle Ground, With No Rate Cut and Inflation Only ‘Somewhat Elevated,’ Unemp Showing Some Signs of Stabilization
WASHINGTON (MaceNews) – The following is the text of Wednesday afternoon’s Federal Open Market policy statement: Available indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained low, and the unemployment rate has shown some signs of stabilization. Inflation remains somewhat elevated. The Committee seeks to achieve maximum employment […]
Fed’s Bowman Reaffirms Support for Additional Cuts In Federal Funds Rate
– Warns Against Signaling ‘Pause’ By Steven K. Beckner (MaceNews) – A number of Federal Reserve officials have expressed hesitancy, if not outright opposition, about cutting interest rates further in recent days, but Vice Chairman for Supervision Michelle Bowman emphatically renewed her support for additional rate cuts Friday. Bowman joined Governor Stephen Miran in supporting […]
TEXT: Fed Chair Powell’s statement issued Sunday evening in reaction to extraordinary grand jury subpoenas
WASHINGTON (MaceNews) – The following is a statement issued Sunday evening by Federal Reserve Chair Jerome Powell in response to extraordinary grand jury subpoenas issued by the Justice Department: Good evening. On Friday, the Department of Justice served the Federal Reserve with grand jury subpoenas, threatening a criminal indictment related to my testimony before the […]
Enormous Questions After US Capture of Venezuela’s Maduro and Claimed Takeover of Oil Resources
WASHINGTON (MaceNews) – The stunning overnight U.S. military operation, involving thousands of troops and more than 150 aircraft, not only has captured Nicolas Maduro heading for a New York court appearance, but has brought a new geopolitical reality to Cuba, Mexico, Colombia and perhaps far beyond. Though planned for months, there was no formal notification […]
BofA Global Research Fund Manager Survey: Investor Optimism High in December on ‘Run-it-Hot’ Macro and Policy Expectations
–Macro-optimism Highest Since August 2021 –Expectation For Higher Bond Yields Highest Since April 2022 by Vicki Schmelzer NEW YORK (MaceNews) – Global investor optimism was high in December, driven by “’run-it-hot’ macro and policy expectations,” according to the latest BoA Global Fund Managers survey, released Tuesday. This month, a net 18% of those polled looked […]
TRANSCRIPT: Fed Chair Powell Sees Policy Rate Within Range of Neutral Rate and Payrolls Now Negative
WASHINGTON (MaceNews) – The following is a rough transcript of Federal Reserve Chair Jerome Powell’s post-FOMC news conference Wednesday:
TRANSCRIPT: President Trump and NY Mayor-Elect Mamdani Q&A – White House pool report
WASHINGTON (MaceNews) – The following is a transcript of the extended Q&A session of President Trump and New York Mayor-elect Zohran Mamdami which began at 3:37 p.m. ET Friday: Trump: I thank you very much. We’ve just had a great meeting, very productive meeting. One thing in common, we want this city of ours that […]