Japan December Household Spending Posts 10th Straight Y/Y Drop as Inflation Bites, Milder Weather Dampens Demand for Winter Clothing, Heaters
–Households Seeking Savings by Switching to Low-Cost Mobile Phone Plans–Eating Out Continues Growing, Vehicle Purchases, Car Services Rebound–Real Household Income Posts 15th Straight Y/Y Drop on Elevated Costs By Max Sato (MaceNews) – Japan’s real household spending posted its 10th straight drop on the year in December, down a deeper-than-expected 2.5%, following a 2.9% dip […]
ISM: US Services Sector Expands for 13th Straight Month in January; Index Rebounds on New Orders, Jobs After December’s Unexpected Dip
–ISM Services Index at 53.4 Vs. 12-Month Low of Revised 50.5 in December–ISM Supply Deliveries Slower for 1st time in 4 Months due to Shipping Delays–ISM’s Nieves: Congestion at Panama Canal More Serious Than Impact of Red Sea Conflict–Nieves: Higher Costs Concerning, Keeping Fed Cautious about Lowering Interest Rates By Max Sato (MaceNews) – Business […]
Italy’s Meloni Takes More Moderate Stance to Lure Bond Investors, Centrist Voters
By Silvia Marchetti ROME (MaceNews)- After more than a year in power, Italian Prime Minister Giorgia Meloni is getting a ‘political makeover’ to take a more moderate stance and lure investors willing to support the country’s funding needs, say opposition forces. “She’s abandoning her neo-fascist rhetoric and revisiting her hard core, nationalist rightist policies in […]
White House and Other Schedules for Monday, Feb 5
WASHINGTON (MaceNews) – The following are Monday’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 MONDAY, FEBRUARY 5, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]