Fed’s Beige Bk Shows Restrained Economic Optimism as Vaccinations Increase
WASHINGTON (MaceNews) – The Federal Reserve’s Beige Book survey of economic conditions coast to coast Wednesday showed some increased optimism based on increased vaccinations and stimulus payments, even in the face of continued high unemployment coupled with some shortage of labor, supply chain disruptions and bad weather. The Beige Book compilation stuck to its favorite […]
Wednesday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, the State Department, Capitol Hill and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, APRIL 14, 2021 In the morning, the President will receive the President’s Daily Brief in the Oval Office. This […]
Japan Feb Machine Orders Unexpectedly Down for 2nd Straight Month
— Govt Downgrades View: Pickup in Machinery Orders Is Marking Time By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, surprisingly slumped in February, confirming some sectors are still cautious about replacing or upgrading capacity, data released Wednesday by the Cabinet Office showed. Earlier this month, the […]
Bank of England Announces Departure of Noted Hawk
By Laurie Laird — Chief Economist Andy Haldane will depart in June LONDON (MaceNews) — Bank of England Chief Economist Andy Haldane will leave the Bank’s Monetary Policy Committee at the end of June, robbing the rate-setting body of one of its most hawkish voices. After 32 years at the Bank, Haldane will take over […]
BofA Global Research Fund Manager Survey: Investors Upbeat About Growth, Eye Rising Yields and Inflation
By Vicki Schmelzer NEW YORK (MaceNews) – Global investors were upbeat about world growth prospects in April, but at the same time keeping a close eye on rising yields and inflation, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. A net 90% of those polled in April looked for […]
German Economic Sentiment Declined in April, First Drop Since November 2020; ZEW
ZURICH (MaceNews) – The economic outlook in Germany fell in April, declining for the first time since November 2020 on concerns a stricter lockdown will dampen private consumption, according to ZEW. The Economic Sentiment Index unexpectedly fell in April, down 5.9 points to 70.7, and well below the Econoday median forecast of 77.0 and the […]
Tuesday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, the State Department, Capitol Hill and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, APRIL 13, 2021 In the morning, the President will receive the President’s Daily Brief in the Oval Office. This […]
Italy Hones EU Pandemic Aid Plan, Reforms ‘Key’ Part – Sources
By Silvia Marchetti ROME (MaceNews) – Rome’s government is honing a key pro-growth plan to deploy European pandemic aid which will be forwarded to Brussels by the end of April and will include ambitious investments alongside structural reforms, according to ruling coalition sources. In order to apply for European funds the European Commission must greenlight […]
Monday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Monday’s schedules for the White House, Treasury, the State Department, Capitol Hill and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, APRIL 12, 2021 In the morning, the President will receive the President’s Daily Brief in the Oval Office. This […]
ECB Rate Setter Refuses to Rule Out Additional PEPP Purchases to Lift Inflation to Target
By Laurie Laird — Fabio Panetta calls inflation outlook “unsatisfactory” LONDON (MaceNews) – A leading European central banker lamented the eurozone’s chronically-low inflation, refusing to rule out an extension of the current asset purchase programme if inflation remains below target. “We do have room for manoeuvre, because so far we have only used part of […]