US Data Preview: Inflation Week – CPI/PPI and Credit Mkt Gonzo Watch
WASHINGTON (MaceNews) – Too bad that on the upcoming week’s schedule there’s not another Jay Powell “cross my heart and hope to die” pledge he’s NOT reconsidering policy any time soon, embracing “Op Twist” or otherwise dismantling the Federal Open Market Committee, triggering another jittery freak-out among non-believers. Failing that, the news watch will have […]
Euro Area February Flash CPI Rose 0.9%; +1.0% Expected
Zurich (MaceNews) – Consumer prices in the euro area are expected to rise 0.9% in February from a year ago, led by food, alcohol and tobacco prices, according to the HICP flash estimate released today by Eurostat. Economists had expected inflation to rise 1.0%, according to the median forecast of a survey of economists conducted […]
Euro-Area CPI Rose 0.9% in January From a Year- Ago, Confirming Preliminary Reading
Zurich (MaceNews) – Consumer inflation in the Euro-area rose 0.9% in January from a year ago, according to final harmonized (HICP) figures released by Eurostat Tuesday. The increase, which confirmed the preliminary result released earlier this month, was led by services and non-energy industrial goods and matched the median of an Econoday survey of economists’ […]
Japan Jan CPI Y/Y Drop Shrinks on Suspended Travel Discounts Amid Pandemic
— Lower Energy Costs Remain Key Factor Behind Weak Consumer Prices By Max Sato (MaceNews) – The energy-led downtrend in Japanese consumer prices eased substantially in January as the government suspended discounts on leisure traveling amid surging new coronavirus cases, data from the Ministry of Internal Affairs and Communication released Friday showed. The improvement was […]
WEDNESDAY WHITE HOUSE SCHEDULES FROM MaceNews
WASHINGTON (MaceNews) – The following are the Wednesday public schedules for the White House, Treasury, the Capitol and upcoming economic statistics: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, FEBRUARY 10, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval Office. This meeting will […]
DATA PREVIEW: INFLATION SPECTER REAPPEARS EVERYWHERE BUT THE DATA
–CPI on Wednesday; UMich on Friday WASHINGTON (MaceNews) – The Consumer Price Index is reported on Wednesday by the Bureau of Labor Statistics and is not expected to exhibit any sudden acceleration, particularly since its driving force, the shelter index, has been moderating for five months. The consumer price measure plays a big role in […]
JAPAN JAN TOKYO CPI DROP EASES AS GOVT SUSPENDS HOTEL DISCOUNTS AMID SURGING COVID-19 CASES
— Lower energy prices remain key factor behind y/y fall in CPI By Max Sato (MaceNews) – Consumer prices in Tokyo, a leading indicator of the national average, made an unexpectedly large month-on-month rebound in January, as the government suspended discounts on leisure traveling amid surging new coronavirus cases, data from the Ministry of Internal […]
JAPAN DEC CPI DROPS FURTHER ON LOWER ENERGY COSTS; HOTEL FEE DROP EASES AMID PANDEMIC
By Max Sato (MaceNews) – Japanese consumer prices posted a slightly sharper drop in December as energy costs continued falling. But a spike in coronavirus cases later in the month appeared to have slowed the use of the government-financed hefty discounts on hotel and transport charges, data from the Ministry of Internal Affairs and Communication […]
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 […]