March 21, 2025
United States:
Fed’s Williams Says Modestly Restrictive Rates Appropriate
Federal Reserve Bank of New York President John Williams said there’s a high level of uncertainty over how rapid changes to immigration, trade and fiscal policy will alter the economy, but the current stance of monetary policy is appropriate and positions the US central bank well to respond to changing conditions.
Williams echoed comments earlier this week from Fed Chair Jerome Powell that the labor market and growth have been solid, and that long-run inflation expectations remain anchored.
United Kingdom:
UK Borrowing Overshoot Hits £20 Billion in Blow for Reeves
Chancellor of the Exchequer Rachel Reeves is set to overshoot her borrowing forecasts significantly for the current fiscal year, highlighting the fragile state of the UK’s public finances ahead of a key economic statement next week.
The budget deficit in the first 11 months climbed to £132.2 billion ($171 billion) — £20.4 billion more than the Office for Budget Responsibility predicted in October.
Asia:
Japan’s Inflation Slows Less Than Expected, Backing BOJ Hikes
The pace of Japan’s consumer inflation was a little stronger than expected even as the resumption of government energy subsidies slowed price gains, backing the case for the Bank of Japan to stay on a gradual rate hike path.
Consumer prices excluding fresh food rose 3.0% from a year ago in February, decelerating from a 3.2% pace in January, the ministry of internal affairs said Friday.
Disclaimer:
Analyst Certification – The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.
Company Disclosure – The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
