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 […]
DATA FLASH: US SEPTEMBER CPI ROSE BY 0.2%; GAINS SLOWING
–Core Prices Also Up 0.2%; Ex. Only Energy, CPI Still Up 0.2%–Energy Prices Rose By 0.8%, Food Prices Flat By Kevin Kastner WASHINGTON (MaceNews) – The September consumer price data were right on expectations, with 0.2% gain for both headline and core CPI. The year/year rates for inflation remain significantly below their pre-COVID levels and […]
STATUS CHECK – PRIME DAY HERE, KEEP CONCENTRATING ON THAT
WASHINGTON (MaceNews) – The following is Monday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · It was the best of times, it was the … well let’s not depress ourselves and just leave it there. After all, this week there are two Prime Days, Tuesday and Wednesday, […]
STATUS CHECK – OF PRESIDENTIAL HEALTH CHECKS AND REGENERON RATIONING
WASHINGTON (MaceNews) – The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · President Trump went on Fox late Friday and for what was billed as on on-air health assessment – spoiler alert – he passed. The in-house doctor asked him some questions from the […]
DATA PREVIEW: TAKE A DEEP BREATH, BECAUSE HERE COMES THE PAIN
By Kevin Kastner WASHINGTON (MaceNews) – Nothing in life is free. That also applies to the data schedule. After a week that was extremely short on major data, the upcoming week’s schedule is overflowing with it, with the mid-month price, production and sales data crammed into a holiday-shortened four-day week. Hurricane Delta is hitting the […]
DATA FLASH: US AUGUST CPI RISE 0.4% ON SOLID CORE READING
–Core Prices Up 0.4%; Ex. Only Energy, CPI Still Up 0.3%.–Energy Prices Up 0.9%, Food Prices Up 0.1% By Kevin Kastner WASHINGTON (MaceNews) – The August consumer price data were stronger than expected, but still rose at a slower pace than in recent months. Headline CPI rose by 0.4% in August based on data released […]