US ISM Manufacturing PMI Expands for 7th Straight Month in July but Lingering Iran War, Global AI Boom Causing Longer Supply Delivery Lead Times, Memory Chip Shortages
–ISM’s Spence: Sentiment Trending Up in Right Direction; Slower Deliveries Could Get Worse but Orders Still Flowing By Max Sato (MaceNews) – U.S. manufacturing activity expanded for the seventh straight month in July to the highest level in more than four years but the Mideast conflict and the global AI boom have made delivery times […]
Japan Week Ahead: Markets Eye Impact of Japan-US Joint Action to Stop Yen from Falling Further as Rising Bond Yields Could Hurt Economic Growth while Inflation Persists
By Max Sato (MaceNews) – Market participants are watching whether Japan’s currency intervention last week will have any lasting effect on keeping dollar bulls at bay amid concerns that rising long-term bond yields triggered by Tokyo’s large fiscal spending plans will spill over to boost borrowing costs in the United States. Finance Minister Satsuki Katayama […]
3 Fed District Presidents Argue FOMC Needed to Raise Rates Now to Bring Down Inflation
– Modest Tightening Now Would Avoid Having to Move Aggressively Later, Kashjari and Logan Argue By Steven K. Beckner (MaceNews) – The three Federal Reserve bank presidents who voted against the Federal Open Market Committee’s Wednesday decision to leave short-term interest rates unchanged defended their actions Friday. The three dissenters — Cleveland’s Beth Hammack, Minneapolis’s […]
Divided FOMC Holds Rates Steady but Warsh Says That’s Not The End of the Story’
– Warsh Welcomes Rising Bond Yields as Aiding Fed Inflation Fight – Warsh Downplays Dissents; Says Committee United on ‘Delivering’ 2% Inflation By Steven K. Beckner (MaceNews) – The Federal Reserve’s policymaking Federal Open Market Committee left short-term interest rates unchanged Wednesday for the fifth straight meeting, but the Fed’s rate-setting body was sharply divided, […]
TRANSCRIPT: Fed’s Warsh Says Fed’s Work Advancing, Grappling with ‘Hard Questions;’ Despite Three Dissents, Fundamental Agreement
WASHINGTON (MaceNews) – The following is a rough transcript of Federal Reserve Chair Kevin Warsh’s answers to reporters’ questions after the Federal Open Market Committee’s policy statement showed three rate-hike dissents to the stand-pat central bank stance: > Chair Warsh: Good day. My second FOMC Committee meeting as Chairman has come quickly. It’s probably too […]
Preview: Forecasters See Japan’s Tokyo CPI Up to +1.8% in June amid Rising Import Costs
Friday, July 31, 2026 0830 JST (2330 GMT/1930 EDT Thursday, July 30) The Ministry of Internal Affairs and Communications releases July Tokyo CPI.Mace News median: total CPI +1.8% y/y (range: +1.8% to +1.9%) vs. June +1.7%; core CPI (ex-fresh food) +1.8% (range: +1.7% to +1.8%) vs. June +1.6%; core-core CPI (ex-fresh food, energy) +2.0% (range: […]
FOMC TEXT: No Rate Change with Three Dissents In Favor of a Rate Hike
WASHINGTON (MaceNews) – The following is the text of the Federal Open Market Committee policy statement issued a short time ago Wednesday afternoon:The Federal Open Market Committee approved the following statement for release by a 9 – 3 vote: The Federal Open Market Committee approved the following statement for release by a 9 – 3 […]
Japan Government Keeps Gradual Economic Recovery View as Fuel Subsides Cap Inflation, Spreading Wage Hikes Prop Up Confidence
–Government Continues to Warn About Mideast Conflict: It May Cause Widespread Consumer Goods Markups Beyond Energy Prices By Max Sato (MaceNews) – Japan’s government remains confident that its fuel and utility subsidies as well as solid wage hikes by many firms should support the economy’s gradual recovery from the pandemic slump while warning that higher […]
Japan Week Ahead: BOJ on Hold Amid Mideast Conflict, US Trade Uncertainty, While Pointing to Need to Raise Policy Rate Further to Neutral Level
–July Tokyo CPI Seen Ticking Up Closer to BOJ’s 2% Target as Iran War Has Boosted Prices, Import Costs High on Yen’s Slide to Nearly Four-Decade Low–June Factory Output to Pose 3rd Straight Rise amid Global Demand for Computer Chips, Non-Ferrous Metals, Easing Impact of US Tariffs on Autos By Max Sato (MaceNews) – The […]
Preview: Japan Core CPI Expected to Pick Up Steam in June Report
Consensus outlook for Mace NewsFriday, July 24 20260830 JST (2330 GMT/1930 EDT Thursday, July 23) The Ministry of Internal Affairs and Communications releases June CPI.Mace News median: total CPI +1.6% y/y (range: +1.6% to +1.7%) vs. May +1.5%; core CPI (ex-fresh food) +1.6% y/y (range: +1.5% to +1.7%) vs. May +1.4%; core-core CPI (ex-fresh food, […]