Japan Q1 GDP Slips on Import Surge but Domestic Demand Resilient Despite Covid Spike
–Private Consumption Flat Vs Sharp Drop Forecast, Capex Rise Solid–Imports Jump on Covid Vaccine Purchases, Outpacing Export Growth–Q2 GDP Rebound Expected but High Costs, Supply Constraints Linger By Max Sato (MaceNews) – Japan’s economy contracted slightly in the January-March quarter after a sharp rebound in October-December as a surge in imports pushed down net exports, […]
Powell Vows Fed Will ‘Keep Going’ Til ‘Clear And Convincing’ Evidence Inflation Falling
FOMC Will Hike ‘More Aggressively” if Inflation Doesn’t Cool Won’t Hesitate To Raise Funds Rate Beyond Neutral Unemployment May Have to Rise ‘A Few Ticks’; Landing May Have To Be ‘Softish’ By Steven K. Beckner (MaceNews) – Federal Reserve Chairman Jerome Powell vowed Tuesday the Fed will continue to raise interest rates until it sees […]
Rome Seeks ‘Booster’ Recovery Funds To Tackle Impact of Ukraine Crisis – Sources
By Silvia Marchetti ROME (MaceNews) – Italy is seeking permanent structural aid at EU-level to tackle the economic impact of the Ukrainian war to shield firms and households, and which would benefit all member states, according to ruling coalition sources. “Just like we did following the COVID pandemic outbreak, the European Union needs a central […]
BofA Global Research Fund Manager Survey: Global Investors Load Up On Cash, Shun Tech in May As Extreme Bearishness Permeates Sentiment
— Highest Cash Levels since 9/11— Biggest Tech Short since August 2006 By Vicki Schmelzer NEW YORK (MaceNews) – Global investors loaded up on cash and shunned the tech sector in May as extreme bearishness permeated market sentiment, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. Average cash balances […]