White House and Other Schedules for Thursday, Aug 17
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. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR THURSDAY, AUGUST 17, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Later, […]
Japan June Core Machine Orders Rebound Moderately but Slump in Q2; Official Forecast Points to Further Drop in Q3
–Cabinet Office Keeps View: Machine Orders Pausing –Q2 Core Machine Orders -3.2% Q/Q (Q1 +2.6%) Vs. Official Forecast of +4.6%; Q3 Seen Down 2.6% By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, chalked up a smaller-than-expected rebound on the month in June after slumping in May, […]
Japan July Exports Post 1st Y/Y Drop in 29 Months on Sluggish Silicon Market; Volumes Continue to Shrink on Slower Global Growth
–Imports Mark 4th Straight Y/Y Fall on Generally Easing Energy Prices –Japan Trade Balance Unexpectedly Slips Back into Deficit After 1st Surplus in 23 Months in June –Exports to China Record 8th Straight Y/Y Drop due to Declines in Autos, Semiconductors, Iron and Steel By Max Sato (MaceNews) – Japanese export values posted their first […]
FOMC Minutes Reflect Uncertainty, Data Dependency as Economy Refuses to Adhere to Slow-Growth Scenario
WASHINGTON (MaceNews) – The minutes of July’s Federal Open Market Committee Meeting Wednesday underlined the central bank policymakers’ continued uncertainty and dependence on data yet to come as the economy resisted the Fed staff’s outlook for below-trend growth. The Fed Board members and regional bank presidents generally acknowledged inflation – particularly minus food, energy and […]