Category: Analysis

MaceNewsViews: Commentary – Democrats Celebrating (Perhaps Fleeting) Victory

By Eric Ham WASHINGTON (MaceNews) – On Monday, President Biden will sign into law the $1.2 trillion bipartisan infrastructure bill, a cornerstone of the president’s agenda, in a lavish ceremony with many supporters and even a few Republicans present. The bill provides billions for roads and bridges across the nation and much more, for instance […]

FOMC: Tapering of Bond Buying to Start Later This Month, Continue in December

– Fed To Cut Treasury Securities By $10 Billion; MBS $5 Billion Per Month – Powell: Tapering Apt to End Mid-2022, but Adjustable Depending on Conditions – FOMC Still ‘Expects’ Inflation To Be ‘Transitory,’ but Powell More Worried – Powell Says ‘Won’t Hesitate’ To Raise Rates to Counter Inflation if Needed By Steven K. Beckner […]

BOJ Kuroda: Current ‘Slight’ Yen Fall Beneficial for Japan’s Economy

By Max Sato (MaceNews) – Bank of Japan Governor Haruhiko Kuroda said Thursday that the recent depreciation of the yen has been limited in scope, and thus it is still good for Japan’s gradual economic recovery as its benefit of supporting exporter profits outweighs the cost of surging import prices. He also downplayed the risk […]

FOMC Set To Taper In November Amid Mounting Inflation Worries

– Pace of Tapering Adjustable; Funds Rate Liftoff Timing Uncertain By Steven K. Beckner (MaceNews) – The fateful moment is nearly upon us – when the Federal Reserve at last starts trimming the aggressive bond buying it’s been doing to support a pandemic-weakened but rapidly recovering economy. Having prepared financial markets as much as it […]

Dovish Bank of England Rate Setters Raise Questions Over UK Rate Rise

— Mann, Tenreyro argue for steady policy as recovery slows— Comments follow more hawkish stance from Bailey, Saunders over the weekend LONDON (MaceNews) — A brace of Bank of England officials dampened speculation of a near-term increase in UK interest rates on Thursday, arguing that the longer-term inflationary outlook remains benign. “I can wait” to […]

<strong>Minutes Show FOMC Preparing Taper Amid Fear of Upside Inflation Risks</strong>

Taper Could Start Soon as Mid-November, End Mid-2022, Assuming More Progress FOMC Liked Staff Plan to Cut MBS $5 Billion, Treasuries $10 Billion Per Month By Steven K. Beckner (MaceNews) – Federal Reserve officials expressed heightened concern about inflation along with greater satisfaction with labor market improvements at the Sept. 21-22 meeting of the Fed’s […]

<strong>Japan Sentiment Picks Up on Vaccine Rollout But Q3 GDP Seen Slower</strong>

By Max Sato (MaceNews) – Japan’s sentiment surveys painted a rosier picture as the government has lifted its Covid-19 state of emergency on heavily hit regions, setting the stage for gradually reopening the economy, but global supply chain disruptions remain a major hindrance to recovery. The monthly Economy Watchers Survey, which was conducted by the […]

ANALYSIS UPDATE: Japan PM Kishida Inherits Thorny Economic, Social Change Targets

By Max Sato (MaceNews) – Japan’s new Prime Minister Fumio Kishida is facing the same tough economic and social challenges that his predecessors tackled or created, leaving him no choice but to draw up longer-term plans to embark on a fundamental change. The soft-spoken former foreign minister, who leads the conservative Liberal Democratic Party, has […]

Japan Sept Tokyo Core CPI Posts 1st Y/Y Rise in 14 Months on Energy

— Electricity Charge Rise Picks Up Pace, Gasoline Keeps Double-Digit Gain  — Higher Processed Food Prices Also Easing Effects of Lower Mobile Phone Fees  — Total CPI’s Annual Rate Marks 1st Gain in 12 Months on Fresh Food Prices By Max Sato (MaceNews) – The core reading of consumer prices in Tokyo, a leading indicator […]