Japan August Household Spending Up Y/Y But Slumps M/M on 7th Wave of Pandemic
–Spending on Traveling, Dining Remain Above 2021 When Covid State of Emergency Was in Place –Spending Down M/M Amid Record Covid Cases Hit Many Regions from Late July –Real Household Income Falls For 5th Straight Month on Rising Cost of Living By Max Sato (MaceNews) – Japan’s real household spending posted the third straight year-on-year […]
Fed Gov. Waller: ‘Slightly Restrictive’ Monetary Policy Needs Become More So
– Inflation Too High to Consider Pause in Rate Hikes By Steven K. Beckner (MaceNews) – Lacking “meaningful progress” against inflation and any “trade-off” between inflation and unemployment, U.S. monetary policy should move “aggressively” from “slightly restrictive” to more restrictive, Federal Reserve Governor Christopher Waller said Thursday evening. Waller, known as one of the more […]
White House and Other Schedules for Thursday, Oct 6
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. data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR THURSDAY, OCTOBER 6, 2022 In the morning, the President will travel to Poughkeepsie, New York. The departure from the South Lawn will be open press. The […]
White House and Other Schedules for Wednesday, Oct 5
WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR WEDNESDAY, OCTOBER 5, 2022 In the morning, the President and the First Lady will travel to Fort Myers, Florida. The departure from the South Lawn will be open press. The […]
Cleveland Fed’s Mester: Fed Ready To Launch ‘FedNow’ Payments System Mid-2023
– Fed Digital Currency Further Off: Fed Studying Monetary, Other Implications By Steven K. Beckner (MaceNews) – Cleveland Federal Reserve Bank President Loretta Mester said Tuesday that the Fed will launch a new instant payments system or “FedNow” in a matter of months, but said the Fed has not yet decided whether it makes sense […]
White House and Other Schedules for Tuesday, Oct 4
WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR TUESDAY, OCTOBER 4, 2022 In the morning, the President and the Vice President will receive the President’s Daily Brief. […]
Japan September Tokyo Core CPI Rises Further on Food, Durable Goods Amid Elevated Producer Costs 
Excerpts From US FSOC Digital Assets Report Recommendations: Risks Need to Be Addressed
WASHINGTON (MaceNews) – The Financial Stability Oversight Council of government regulators, including Treasury and the Federal Reserve, Monday recommended Congress consider additional guardrails for the crypto industry, increased enforcement of existing regulations and enhanced cooperation among the agencies, stopping short of endorsing any particular legislative measures currently being offered. In comments during the afternoon meeting, […]
White House and Other Schedules for Monday, Oct 3
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. data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR MONDAY, OCTOBER 3, 2022 In the morning, the President and the First Lady will travel to Ponce, Puerto Rico. The departure from the South Lawn will be open press. The departure […]
BOJ September Meeting Summary: Watch for Inflation, Pandemic, Global Recession
By Max Sato (MaceNews) – Bank of Japan board members debated upside risks to inflation without substantial wage growth, which could be made worse by the lingering drag from the pandemic, according to the summary of opinions expressed at the bank’s Sept. 21-22 meeting released Monday. The summary, a preview of the minutes to be […]