Bank of Canada Raises Policy Rate to 22-Year High of 5% After Policymakers Debate Option of Keeping Rate at 4.75%
–BOC Governor Macklem: Monetary Policy Working but Underlying Inflationary Pressures More Stubborn –Macklem: Our Job is Not Done Until Inflation is Centered on 2% Target –Macklem: Trying to Balance Risks of Under- and Over-Tightening Policy –BOC Quarterly Report: CPI to Slow to 2% Target in mid-2025, About 6 months Later Than Expected in April By […]
Fed’s Beige Book Sees Economy Up Only ‘Slightly’ as Inflation at Modest Pace
WASHINGTON (MaceNews) – The national economy advanced but only slightly in the past six weeks, as price hikes were modest, hiring modest and manufacturing input costs “eased notably,” the Federal Reserve’s Beige Book survey suggested Wednesday. Five regional Fed bank districts reported slight growth, five noted no change and two – Philadelphia and San Francisco […]
White House and Other Schedules for Wednesday, July 12
WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, JULY 12, 2023 – THURSDAY, JULY 13, 2023 In the morning, the President will attend the Meeting of […]
White House and Other Schedules for Tuesday, July 11
WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FORTUESDAY, JULY 11, 2023 – THURSDAY, JULY 13, 2023 In the morning, the President will participate in an official […]
White House and Other Schedules for Monday, July 10
WASHINGTON (MaceNews) – The following are Monday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FORMONDAY, JULY 10, 2023 – THURSDAY, JULY 13, 2023 In the morning, the President will meet with Prime Minister […]
White House and Other Schedules for Friday, July 7
WASHINGTON (MaceNews) – The following are Friday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR FRIDAY, JULY 7, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]
Japan May Household Spending Slumps on Volatile Factor of Mobile Vehicle Purchases, Financial Support
–Drop Also Due to Continued Shift to Lower Mobile Phone Plans; Spending on Traveling, Eating Out Remains Strong –Real Household Income Posts 8th Straight Y/Y Drop on Elevated Costs, Shorter Overtime Working Hours By Max Sato (MaceNews) – Japan’s real household spending fell more sharply than expected in May for a third straight decline on […]
ISM: US June Service Sector Activity in Expansion Territory for 6th Straight Month on Pickup in New Orders, Easing Inflation
–ISM’s Nieves: Firms Cautious About Inflation, Growth Outlook –Nieves: Expect Positive Growth in Services but Watch How Manufacturing Goes After Summer –Nieves: Employment Up but Remains a Mixed Bag By Max Sato (MaceNews) – Business activity in the U.S. service sector was in positive territory for the sixth straight month in June, with the […]
FOMC Minutes See Near Unanimity on Need for Future Rate Hikes This Year But No Clues on Frequency
WASHINGTON (MaceNews) – The minutes of the most recent Federal Open Market Committee policy meeting Wednesday saw wide agreement on the need for more rate hikes this year but lacked clues on their frequency or intensity. While participants saw the balance of supply and demand improving over time, so far the progress against aggressive inflation […]
White House and Other Schedules for Wednesday, July 5
WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR WEDNESDAY, JULY 5, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]