DATA PREVIEW: RETAIL SALES AND INFLATION MEASURES
WASHINGTON (MaceNews) – Economic data in the week ahead includes the December retail sales report, along with the two major inflation measures, the CPI just a week from Inauguration Day and the PPI but market participants are unlikely to pay much attention. The major stock indexes were propelled back into record territory Friday, in part […]
JAPAN DEC TOKYO CPI POSTS LARGEST Y/Y DROP IN 10 YEARS
–Sliding Energy Prices, Government-Led Travel Discounts Cited By Max Sato (MaceNews) – Consumer prices in Tokyo, a leading indicator of the national average, took the deepest dive in a decade in December, hit by falling food and energy prices as well as a controversial five-month-old government program to support the pandemic-hit tourism industry with hefty […]
DATA PREVIEW: INFLATION MEASURES NOT EXPECTED TO RING ANY ALARM BELLS
WASHINGTON (MaceNews) – The coming week’s economic data measures updated consumer and business inflation readings in a context of higher interest rates and a slower rebuilding of the jobs market. Outside of the standard data, Congress faces a midnight Friday deadline to avoid another government shutdown which, if it happens, could delay the following week’s […]
JAPAN NOV TOKYO CORE CPI POSTS LARGEST Y/Y DROP IN OVER 8 YEARS AMID SLIDING ENERGY COSTS
By Max Sato (MaceNews) – Consumer prices in Tokyo, a leading indicator of the national average, posted a larger-than-expected drop in November, amid falling energy prices and a controversial government program to support the pandemic-hit tourism industry with hotel and transport discounts, data from the Ministry of Internal Affairs and Communications released Friday showed. The […]
JAPAN OCT CPI DROP DEEPER ON WEAKER ENERGY, GOVT-FINANCED TRAVEL DISCOUNTS
By Max Sato (MaceNews) – Japanese consumer prices posted a sharper drop in October as energy costs were slow to recover amid the global pandemic and the government campaign to save the hard-hit tourism industry by subsidizing hefty discounts had a wider impact, data from the Ministry of Internal Affairs and Communication released Friday showed. […]
LAGARDE HINTS AT REINTERPRETATION OF ECB MANDATE
–– Repeats HICP May Not Accurately Reflect Eurozone Inflation By Laurie Laird LONDON (MaceNews) – The leader of the European Central Bank hinted at a reinterpretation of the Bank’s price stability mandate and raised questions over the accuracy of the Bank’s key measure of inflation. “We have to be smart about the components that go […]
DATA FLASH: US OCTOBER CPI FLAT; JOBLESS CLAIMS FALL 48,000
–Core Prices Flat, Both Including and Excluding Energy Prices–Energy Prices Rose By 0.1%, But Gasoline Prices Down 0.5%. By Kevin Kastner WASHINGTON (MaceNews) – The October consumer price data were below expectations, with flat readings for both headline and core CPI. Both measures were expected to rise by 0.2%. The year/year rates for consumer inflation […]
JAPAN TOKYO CORE CPI -0.5% Y/Y VS SEPT -0.2% ON WEAKER ENERGY, PROCESSED FOOD
(MaceNews) – Consumer prices in Tokyo, a leading indicator of the national average, turned weaker in October in the face of lower energy costs and a slower rise in processed food prices as well as the government program to support the pandemic-hit tourism industry with hotel discounts, data from the Ministry of Internal Affairs and […]
JAPAN SEPT CORE CPI -0.3% Y/Y VS. AUG -0.4% ON SMALLER HOTEL FEE DROPS
–BOJ Sees Core Price Drop Continuing By Max Sato (MaceNews) – The global pandemic continued to depress Japanese consumer prices in September as economic activity remained restrained amid slower declines in energy costs, but the year-on-year decline was slightly smaller than expected in light of less drastic cuts in tourism prices, data from the Ministry […]
STATUS CHECK – FINALLY, A TRILLION TREES INTERAGENCY COUNCIL
–Maybe February for the Next Round of Pandemic Relief WASHINGTON (MaceNews) – The following is Tuesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · It was chilly in Johnstown, Pennsylvania, the site of another MAGA rally Tuesday night. More masks than usual. A whole lot about Biden […]