German Economic Outlook Starts the Year on a Strong Note, ZEW Report Shows
ZURICH (MaceNews) – Economic sentiment in Germany came in well above expectations in January indicating that the economy is seen improving in the coming six months, as COVID cases are seen falling by summer, the latest report from the Mannheim-based ZEW institute showed. ZEW’s Index of Economic Sentiment rose to 51.7 in January from 29.9 […]
Japan Government Keeps Economic Pickup View After December Upgrade
— Consumers Brave Omicron Scare in Year-End, New Year Leisure Season — Production Improving on Easing Supply Constraints By Max Sato (MaceNews) – Japan’s government Tuesday maintained its economic overview after upgrading it last month for the first time in 17 months, saying consumer spending is picking up — despite rising Covid cases — and […]
Highlights of Fed’s Brainard Q&A: Emphasizes Fed’s Anti-Inflation Efforts
WASHINGTON (MaceNews) – The following are highlights of Thursday’s testimony of Federal Reserve Gov. Lael Brainard as noted by Mace News’ Steven K. Beckner: Fed Governor Lael Brainard was quite assertive about fighting inflation in testimony before a Senate Banking Committee hearing on her confirmation to succeed Richard Clarida as Fed Vice Chairman. First, she […]
FED BEIGE BK SEES MODEST EXPANSION, HIGHER PRICES, SOME COOLING OF EXPECTATIONS, SOME SUPPLY CHAIN STABILIZATION
WASHINGTON (MaceNews) – The latest Beige Book survey of economic conditions coast-to-coast saw a “modest” pace of expansion as 2021 ended, with some cooling of the generally optimistic expectations for the new year and some scattered improvement in transportation bottlenecks, the Federal Reserve reported Wednesday. The survey, assembled by the Kansas City Fed through January […]
Japan Nov Unemployment Ticks Up; Job Cuts Linger in Pandemic-Hit Sectors
By Max Sato (MaceNews) – Improvement in the Japanese labor market paused in November as job cuts continued in some sectors hit by supply chain constraints and cautious consumer behavior during the pandemic, data released Tuesday by the Ministry of Internal Affairs and Communications showed. The seasonally adjusted average unemployment rate in Japan rose to […]
Analysis: Fed Ponders What Puts Out This Peculiar Inflation Fire
–Overheating or Super Squeezing? By Denny Gulino WASHINGTON (MaceNews) – Federal Reserve Chair Jay Powell Wednesday reassured his press conference viewers the central bank has the tools it needs to make sure aggressive inflation doesn’t last too long, reinforcing the narrative this inflation episode will meet its match. But what if the seeds of deflation […]
FOMC Doubles Taper to End Bond Buying in March as Inflation Forces Hawkish Tilt
—Three 2022 Rate Hikes Now Projected By FOMC Participants –Powell Hints At Quick Start To Funds Rate Liftoff After Taper Ends By Steven K. Beckner (MaceNews) – Federal Reserve policymakers moved dramatically, though not unexpectedly, Wednesday to adopt a more aggressive stance against inflation. The FOMC said it anticipates “similar reductions” in subsequent months, although […]
TEXT: FOMC Statement: Doubles Pace of Taper
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday met expectations for a doubling of the pace of tapering and participants increased their calls for three rate hikes next year. The text of the policy statement follows: The Federal Reserve is committed to using its full range of tools to support the U.S. economy in […]
Fed’s Waller Favors ‘Faster’ Pace of ‘Tapering,’ Earlier ‘Liftoff’ Given Inflation
— If Speed Tapering in January; Could Raise Funds rate in Second Quarter By Steven K. Beckner (MaceNews) – Federal Reserve Governor Christopher Waller said Friday he is leaning toward a “faster” pace of “tapering” Fed asset purchases, and he suggested he would also favor a relatively early “liftoff” of the federal funds rate from […]
Japan Govt Sees Slower Economic Pickup Amid Disrupted Supply Chains, Pandemic Spike
— Consumption, Factory Output Downgraded While Exports on Track By Max Sato (MaceNews) – Japan’s government Thursday provided a more cautious view of the recent pickup in the domestic economy, saying its pace is slowing in the face of global supply chain disruptions and a surge in coronavirus cases, according to its monthly report released […]