Japan August Machine Orders Slump Amid Slower Global Growth, Q3 Seen Flat So Far 
–Japan Govt Keeps View: Machine Orders Showing Signs of Pickup –BOJ September Quarter Tankan Survey Has Shown Solid FY22 Capex Demand By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, fell at a faster pace than expected in August amid slower global growth, giving up all of […]
Fed’s Mester: Monetary Policy ‘Not Yet Restrictive’; Needs Be So ‘For Some Time’
– Risks of Doing ‘Too Little’ Tightening Outweigh Risks of ‘Doing Too Much’ – Won’t Back Slower Tightening Pace Until She Sees Inflation Moving Down By Steven K. Beckner (MaceNews) – Despite 300 basis points of short-term interest rate hikes, monetary policy is still not restrictive, and the Federal Reserve needs to keep raising rates […]