Japan August Retail Sales Post 6th Straight Y/Y Gain as Economy Reopens Despite Covid Spike
–METI Repeats Retail Sales Picking Up Gradually –Department Store Sales Continue Recovering on Eased Covid Rules –Sales of Cars, Appliances Remain Weak; Demand for Cosmetics, Drugs Strong By Max Sato (MaceNews) – Japanese retail sales posted their sixth year-on-year rise in August, led by high fuel prices and solid demand for summer clothing, cosmetics and […]
Japan August Jobless Rate Eases Slightly to 2.5% as Government Reopens Economy Amid Covid Spike
–Unemployment at 2.6% from May to July Vs. April’s 2-Year Low 2.5% –Job Losses Flat M/M in August While Fewer People Seek Other Openings –Employment Picks Up After Posting 1st Y/Y Drop in 4 months in July –Number of Unemployed Marks 14th Straight Y/Y Drop; Still Above January 2020 Level By Max Sato (MaceNews) – […]
Japan August Industrial Output Rises in Many Sectors on Easing Supply Constraints
–METI Survey Points to Possible Output Dip in September, Solid Gain in October –METI Upgrades View: Output Showing Signs of Moderate Rise Vs. Marking Time –METI Repeats: To Watch Effects of a Rise in Covid Cases, Parts Shortages, Inflation By Max Sato (MaceNews) – Japan’s industrial production surged in August, well above forecasts, as easing […]
St. Louis Fed’s Bullard: Strong Labor Market Gives Fed ‘Room to Maneuver’
– To Reduce Inflation Rates Must Rise ‘Pretty Rapidly,’ Stay ‘Higher For Longer’ – Slower Growth Raises Recession Risk In Event Of Shock; Might Require Adjustment – Once Appropriate Rate Level Reached Can Move To ‘Ordinary,” Data-Dependent Policy By Steven K. Beckner (MaceNews) – Were some “shock” to tip the U.S. economy into recession, the […]
White House and Other Schedules for Thursday, Sept 29
WASHINGTON (MaceNews) – The following are Thursday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR THURSDAY, SEPTEMBER 29, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]