Japan February Machine Orders Slip in Reaction to January Surge but Post 2nd Straight Y/Y Rise
–Cabinet Office Keeps View: Machine Orders Pausing By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, posted the first drop in three months in reaction to a surge in January as some firms have turned cautious amid slowing global demand, data released Wednesday by the Cabinet Office […]
Japan March Producer Inflation Eases Further to 7.2% from February’s 8.3% on Energy Subsidies, Slumping Lumber Prices
–December’s Revised 10.6% Y/Y Rise Remains Highest in 42 Years By Max Sato (MaceNews) – Producer inflation in Japan eased for the third straight month in March as the government’s expanded utilities subsidies continued to cap energy costs and slowing global demand has cooled off commodities markets, data released Wednesday by the Bank of Japan […]
Preview: Bank of Canada Seen Keeping Rates Steady in Conditional Pause Amid Tight Labor Market, Slowing Global Demand
By Max Sato (MaceNews) – The Bank of Canada is expected to maintain its policy interest rate – the target for overnight lending rates – at 4.50 percent on Wednesday in what its policymakers call a “conditional” pause during the current tightening cycle that began in March last year. The labor market remains tight and […]
Chi Fed’s Goolsbee: Less Need For Rate Hikes if Bank Credit Conditions Tighten
By Steven K. Beckner (MaceNews) – New Chicago Federal Reserve Bank President Austan Goolsbee cautioned Tuesday against raising interest rates “too aggressively,” because probable credit tightening in wake of recent bank failures is likely to make the Fed’s anti-inflation job “easier” and leave it with fewer rate hikes to have to implement.. Goolsbee, a voting […]