SATURDAY/SUNDAY WASHINGTON SCHEDULES FROM MaceNews
WASHINGTON (MaceNews) – The following are Saturday and Sunday’s schedules for the White House, Treasury, the Capitol and upcoming economic data and Federal Reserve events: The White House WEEKEND GUIDANCE AND PRESS SCHEDULE FORSATURDAY, MARCH 20, 2021 AND SUNDAY, MARCH 21, 2021On Saturday and Sunday, the President has no public events scheduled. Saturday’s In-Town PoolWires: AP, […]
Japan Q4 GDP Revised Down on Lower Inventories; No Major Change To Solid Capex, Consumption
By Max Sato Gradual Economic Recovery Seen After Pullback in Q1 (MaceNews) – Japan’s economy posted the second straight quarter-on-quarter expansion in October-December but at a slightly slower pace than previously reported, as the decline in private-sector inventories turned out to sharper than initially estimated, Cabinet Office data released Tuesday showed. There was no major […]
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 […]
NABE Survey: More Optimistic Re Growth But Jobs Recovery Waits Until ‘23
WASHINGTON (MaceNews) – The National Association for Business Economics, in its March outlook survey of members released Monday, found more optimism about growth but no full jobs recovery until 2023. Their views are bullet pointed here: Summary: While NABE panelists have become increasingly optimistic about future GDP growth, their views on the job market are […]
Thursday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Thursday’s public schedules for the White House, Treasury, the Capitol and for upcoming economic data: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, FEBRUARY 25, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Situation Room. This meeting will […]
US Data Preview: Fed’s Powell Testimony, Durable Goods Orders, Revised GDP, Personal Income, New Home Sales
WASHINGTON (MaceNews) – The week ahead features a little look-ahead and a lot of look back, with perhaps some hints at how the first quarter is performing and a lot about how the patient Federal Reserve hopes to see a continuing recovery. The least informative of the lot may be Thursday’s update of the fourth […]
IMF’S WORLD ECONOMIC OUTLOOK: WORLD GROWTH REVISED +0.3 TO 5.5%
WASHINGTON (MaceNews) – The International Monetary Fund’s January update to its World Economic Outlook Tuesday saw world growth revised up 0.3 to 5.5%, fueled by a vaccine-propelled recovery. Last year’s performance benefited from a stronger than previously seen second half and it was revised up 0.9 to a contraction of 3.5%. U.S. growth was revised […]
DATA PREVIEW: 4Q GDP, IMF’S WEO, FOMC, DURABLE GOODS
WASHINGTON (MaceNews) – The upcoming week is packed with economic data, including the fourth quarter GDP, as well as a Federal Open Market Committee policy update and Chair Jay Powell’s news conference, and an update to the IMF’s World Economic Outlook. The GDP report is Thursday. The various GDPNow estimates don’t agree, with the New […]
BOE RATE SETTER: UK CONTRACTION EXAGGERATED BY STATISTICAL ANOMALIES
— MPC Member Broadbent suggests inflation has fallen by less than feared By Laurie Laird LONDON (MaceNews) – The UK economic contraction may have been exaggerated by the statistical measurement of public services, according to a Bank of England official, who also downplayed sustained below-target inflation in Britain. “Part of the drop in GDP reflects an […]
DATA PREVIEW: PERSONAL INCOME, REVISED GDP AND MUCH MORE
WASHINGTON (MaceNews) – It’s time for Christmas already, and the holiday and the fact Christmas Eve is now a federal holiday as well has rearranged some of the week’s data reports. Yet with the possible exception of the weekly claims report, now coming Wednesday morning, very little if any of the week’s data is expected […]