Bank of England Chief Economist Calls For Reduction in Monetary Stimulus
–Departing Rate-Setter See Inflation Above 2% By Year End LONDON (MaceNews) – The Bank of England’s chief economist amplified his calls for a slowdown in monetary support for the UK economy, predicting that inflation could top 2% by the end of 2021. “With the economy bouncing back, and with inflation risks on the rise, now […]
Atl Fed’s Bostic: Inflation Rise Likely Transitory; Fed Won’t Be ‘Preemptive’
–Economy in Transition; Must ‘Look Through’ Data For ‘True Signal’ On Inflation–No Clear Signal On Inflation Until ‘At Least September’–Clarida: Employment 1 ½ Years From Full Employment; Inflation Transitory By Steven K. Beckner (MaceNews) – Atlanta Federal Reserve Bank President Raphael Bostic Wednesday again downplayed inflation risks while emphasizing the need to return the economy […]
Wednesday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, the State Departent, the Capitol and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, MAY 12, 2021 In the morning, the President will receive the President’s Daily Brief in the Oval Office. This […]
Fed’s Bostic: Fed Far From Goals; Need to Keep ‘Accommodative Mode’
By Steven K. Beckner GDP Level Almost 100% Back, But 8 Million Jobs Short Would Want Adjust Policy If Economy Overheats But ‘Far In Future’ Brainard Urges Patience to Generate Enough Momentum To Reach Goals (MaceNews) – Although the economy has come a long way, it still has far to go to return to full […]
Germany’s ZEW Economic Sentiment Surges to Highest Reading Since February 2000
ZURICH (MaceNews) – Economic sentiment in Germany rose to its highest reading in May since February of 2000, as the third wave of the COVID-19 pandemic has slowed, according to the latest report from the ZEW Institute in Mannheim. The Economic Sentiment index for Germany rose 13.7 points to 84.4 in May, far surpassing economists’ […]
Tuesday 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 economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, MAY 11, 2021 In the morning, the President will receive the President’s Daily Brief in the Oval Office. This meeting […]
Monday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Monday’s schedules for the White House, Treasury, the State Department, the Capitol and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, MAY 10, 2021 In the morning, the President will receive the President’s Daily Brief in the Oval Office. This […]
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 economic data and for Federal Reserve events: The White House WEEKEND GUIDANCE AND PRESS SCHEDULE FORSATURDAY, MAY 8, 2021 AND SUNDAY, MAY 9, 2021 On Saturday, the President has no public […]
US Data Preview: CPI, PPI, Retail Sales, IndPro, Still More FedSpeak
WASHINGTON (MaceNews) – The week ahead includes the latest consumer inflation rate, another month of business inflation that in March was running super hot, the April retail sales report and a more than ample supply of FedSpeak. Is any of it as anxiously anticipated nearly as much as the appearance of Elon Musk on “Saturday […]
Germany’s Industrial Production Expands 2.5% in March Over Prior Month
ZURICH (MaceNews) – Germany’s Industrial output grew at a better-than-expected 2.5 percent pace in March, and stood 5.1% above year ago levels, according to preliminary results from the Federal Statistics in Wiesbaden Friday. The result exceeded the median of an Econoday survey of economists for a 1.7 percent increase, and reversed declines the previous two […]