Japan April Retail Sales Rise Further After Govt Eases Covid Rules in Late March
–METI Upgrades View: Retail Sales Showing Signs of Pickup Vs. Being Flat–Shoppers Flock to Department Stores; Clothing Up on Summer Weather–High Fuel Costs Prop Up Retail Sales; Supply Delays Keep Auto Sales Down By Max Sato (MaceNews) – Japanese retail sales in April posted solid gains for the second straight month both on the year […]
Japan April Industrial Output Slips on Dimmer Global Demand, Chinese Lockdowns
–METI Downgrades View: Factory Output Pausing Vs. Showing Signs of Pickup–METI Repeats: To Watch Effects of Pandemic, Parts Shortages, Inflation, Ukraine By Max Sato (MaceNews) – Japan’s industrial production posted the first month-on-month drop in three months in April as global reopening demand turned lower and Chinese Covid lockdowns caused further supply delays, preliminary data […]
Japan April Jobless Rate Edges Down to 2-Year Low; Payrolls Post 1st Y/Y Rise in 7 Months
–Number of Lost Jobs Down While More People Look for Other Openings–April Unemployment at 2.5% Lowest Since 2.4% in April 2020 By Max Sato (MaceNews) – Japanese payrolls rose from year-earlier levels for the first time in seven months in April as easing Covid restrictions prompted various service providers to hire more people, while the […]
Fed’s Waller Backs Hiking Funds Rate 50 bp At ‘Several Meetings’
Won’t Take 50 bp Hikes Off the Table Until Inflation Closer To 2% Wants Funds Rate Above Neutral By Year’s End To Curb Demand Market Expectations For 250 bp Tightening ‘Consistent’ With FOMC Plans Prepared To Do More If Inflation Stays ‘Stubbornly High’ Hopes Fed Can Curb Inflation Without Sharp Rise in Unemployment By Steven […]
White House and Other Schedules for Monday, Memorial Day
WASHINGTON (MaceNews) – The following are Monday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, MAY 30, 2022 In the morning, the President and the First Lady will return to the White House from Wilmington, […]