Japan August Household Spending Posts 6th Straight Y/Y Drop as Frugal Patterns Linger Amid High Costs, But Up M/M After Pullback
–Spending on Ceremonies Down; Move to Discount Mobile Phone Plans Continues–Traveling, Eating Out Remain Strong in Absence of Covid Restrictions –Real Household Income Posts 11th Straight Y/Y Drop on Elevated Costs Despite Nominal Wage Hikes By Max Sato (MaceNews) – Japan’s real household spending posted its sixth straight drop on the year in August as […]
Support for Italian PM Drops Over Deteriorating Economic Outlook
–Little fiscal room for tax cuts — Govt to raise yearly debt issuance to €350bln By Silvia Marchetti ROME (MaceNews) – For the first time since her appointment as Italian prime minister one year ago, support for Giorgia Meloni is dropping as voters fear she will not deliver promised tax cuts amid a deteriorated outlook […]
White House and Other Schedules for Thursday, Oct 5
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 SCHEDULEFOR THURSDAY, OCTOBER 5, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]