Preview: Bank of Canada Expected to Keep Policy Rate at 22-Year High of 5% in Light of Softer Economic Data While Warning Underlying Inflation Still Too High
By Max Sato (MaceNews) – The Bank of Canada is widely expected to hold its policy interest rate steady for a third straight meeting on Wednesday in the face of sluggish GDP data and an uptick in unemployment. But BOC policymakers are also expected to warn against being complacent about the risk of prolonged inflation […]
Japan November Tokyo Core CPI Annual Rate Eases as Processed Food Markups Have Peaked, Hotel Fees Jump in Reaction to Last Year’s Subsidized Drop
–Services Costs Now Rising Faster Than Goods Prices Amid Wage Hikes –Core CPI (Ex-Fresh Food) +2.3% Y/Y Vs. +2.7% in October –Total CPI +2.6% Vs. +3.2% on Lower Fresh Food Price Rise After October’s Spike –Core-Core CPI (Ex-Fresh Food, Energy) Moderates to +3.6% from +3.8% By Max Sato (MaceNews) – Consumer inflation in Tokyo, the […]
Japan October Core CPI Annual Rate Edges Up to 2.9% on Reduced Energy Subsidies, Hotel Fee Jump After Easing to 13-Month Low of 2.8% in September
–Total CPI Picks Up to 3-Month High of +3.3% After Moderating to 12-Month Low of +3.0% in September –Core-Core CPI (Ex-Fresh Food, Energy) Annual Rate Eases Further to 7-Month Low of 4.0% from 4.2% in September, 42-Year High of 4.3% in August By Max Sato (MaceNews) – Consumer inflation in Japan picked up slightly in […]
Bank of Canada Governor Macklem: Rates May Be High Enough to Bring Inflation Back to 2% But No Clear Evidence Yet
–Macklem: We Are Taking One Meeting at a Time –Macklem: Need to Confirm Underlying Inflation Falling Before Discussing Lowering Rates –Macklem: Concerned about Short-Term Inflation Expectations Falling Slowly By Max Sato (MaceNews) – Bank of Canada Governor Tiff Macklem said Wednesday that the bank’s policy interest rate at 5% may be restrictive enough to bring […]
White House and Other Schedules for Tuesday, Nov 14
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. economic data and Federal Reserve events: COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULEFOR TUESDAY, NOVEMBER 14, 2023 – FRIDAY, NOVEMBER 17, 2023Tuesday, November 14, 2023 In the morning, the President will receive the […]
Japan October Tokyo Core CPI Annual Rate Picks Up as Reduced Utility Subsidies Ease Overall Energy Price Drop; Hotel Demand Strong
–Core CPI (Ex-Fresh Food) Up 2.7% Y/Y After Slowing to 2.5% in September –Processed Food Still Leads CPI Y/Y Rise but Markups Appear to Have Peaked –Total CPI Annual Rate Jumps to 6-Month High of 3.3% from 2.8% in September on Fresh Food Price Surge –Core-Core CPI (Ex-Fresh Food, Energy) Annual Rate Eases to 3.8% […]
Japan September Core CPI Annual Rate Eases to 13-Month Low of 2.8% on Peaking Food Markups, Utility Subsidies
–Total CPI Moderates to 12-Month Low of 3.0% Rise; Durable Goods Price Gain Slows Further –Core-Core CPI (Ex-Fresh Food, Energy) Annual Rate Eases to 4.2% from 42-Year High of 4.3% By Max Sato (MaceNews) – Consumer inflation in Japan eased in all three key measures in September as energy subsidies continued to push down electricity […]
White House and Other Schedules for Thursday, Oct 12
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. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULEFOR THURSDAY, OCTOBER 12, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In […]
Japan September Tokyo Core CPI Annual Rate Eases to 14-Month Low of 2.5% in August as Utility Costs Slump, Processed Food Prices Show Signs of Easing
–Processed Food Prices Continue to Lead Consumer Inflation, Pushing Up CPI Annual Rate by Nearly 2 Percentage Points –Total CPI Annual Rate Also Moderates to 12-Month Low of 2.8% from 2.9% in August after Hitting 41-Year High of 4.4% in January –Core-Core CPI (Ex-Fresh Food, Energy) Annual Rate Eases to 3.8% from 41-Year High of […]
Japan August Core CPI Annual Rate Steady at 3.1% on Elevated Processed Food Prices; Energy Down Further on Utilities
–Processed Food Prices Still 9% Above Year-Earlier Levels, Hotels Up Sharply on Travel Demand –Total CPI Moderates to +3.2% Y/Y from +3.3% due to Smaller Fresh Food Price Rise –Core-Core CPI (Ex-Fresh Food, Energy) Annual Rate Remains at 42-Year High of 4.3% By Max Sato (MaceNews) – Consumer inflation in Japan was largely steady in […]