White House and Other Schedules for Thursday, Oct 13
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 13, 2022 In the morning, the President will deliver remarks on how Bipartisan Infrastructure Law investments are helping to improve […]
Japan September Tokyo Core CPI Rises Further on Food, Durable Goods Amid Elevated Producer Costs 
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 […]
Eurozone Inflation Hits Double Digits in September
ZURICH (MaceNews) – Inflation in the countries sharing the euro reached double-digits in September, rising 10% from a year ago, according to a flash HICP figure released by Eurostat Friday. Economists were expecting consumer inflation of 9.6%, according to the median of an Econoday survey of economists’ forecasts. The narrow core measure which excludes energy, […]
FOMC Lifts Funds Rate 75 Basis Points, Projects More Rate Increases Before Pause
– Powell Vows ‘Quickly’ To Get To ‘Restrictive’ Stance; Stay There ‘Til Job Is Done’ – SEP Revises Rate Projections Sharply Higher: Median 4.4% End-22; 4.6% End-23 – Unemployment Projected to Rise to 4.4% Next Year As GDP Growth Slows to 1.2% By Steven K. Beckner (MaceNews) – The Federal Reserve took another momentously aggressive […]
Japan August Inflation Hits 3-Decade High on Widespread Markups; More Price Hikes Coming
–Utilities Lead Rising Energy Costs; Gasoline Price Rise Slows on Subsidies, Softer Market –Core CPI +2.8% Y/Y Nearly 31-Year High Excluding 2014, 1997 Sales Tax Hikes Impact–Total CPI +3.0% Y/Y Also Nearly 31-Year High, Excluding Booster Effects of Sales Tax Hikes –Even Narrow CPI (Ex-Fresh Food, Energy) Up 1.6% Y/Y, More than 29-Year High By […]
Fed’s Powell Vows To Battle Inflation With ‘Restrictive’ Rates ‘Until Job Is Done’
No Clear Signal on Size of Sept. 21 Rate Hike; ‘Unusually Large” Move Possible Policy Will Need to Stay Restrictive ‘For Some Time,’ Involve Some ‘Pain’ By Steven K. Beckner (MaceNews) – Federal Reserve Chairman Jerome Powell Friday strongly reaffirmed the Fed’scommitment to bringing down inflation Friday, vowing to move monetary policy into a “restrictive”posture […]
Japan August Tokyo CPI Jumps on Utilities, Food, Hotels on High Producer Costs, Reopening Demand 
–Electricity Leads Higher Energy Bills; Gasoline Price Rise Continues to Shrink –Core CPI +2.6% Y/Y Hits 30-Year High Excluding 2014, 1997 Sales Tax Hikes –Total CPI +2.9% Y/Y Over 30-Year High Excluding Sales Tax Hikes’ Direct Impact –BOJ to Keep Easing Stance Until Stable 2% Inflation Anchored with Real Wage Gains By Max Sato (MaceNews) […]
Japan July Core, Total CPI Annual Rates Stay Above 2% on High Food, Utilities Costs 
–Core CPI +2.4% Y/Y Largest in 14 Years Excluding 2014 Sales Tax Hike Impact–Total CPI +2.6% Y/Y Remains Fastest in Over 30 Years, Excluding Direct Impact of 2014, 1997 Sales Tax Hikes –Gasoline Price Rise Slower on Govt Subsidies, Easing Crude Oil Market By Max Sato (MaceNews) – Consumer inflation in Japan continued moving up […]
BofA Global Research Fund Manager Survey: Investors Hopeful Inflation/Rate Shocks to Dissipate Soon
-Investors Stay Watchful For Recession By Vicki Schmelzer NEW YORK (MaceNews) – Global investors polled in August were hopeful that inflation and rate shocks will dissipate in the coming quarters, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. At the same time, investors remained on high alert for recession, […]