July Jobs Report Takes the ‘Stag’ Out of ‘Stagflation;’ Adds 528K Payroll Slots
By Denny Gulino WASHINGTON (MaceNews) – Confounding the forecasters, the July jobs market exploded with new hiring, adding 528,000 payrolls slots, lowering the unemployment rate to 3.5% and pitting market pessimists against their opposites who see inflation having peaked. U.S. stocks futures sagged, benchmark interest rates shot up a few basis points and the White […]
UPDATE – US July ISM Manufacturing Growth Slows on Softer New Orders; ISM Sees No Recession
–ISM: Labor Shortages, Supply Constraints Continue Weighing on Sector –ISM’s Fiore: No Change to View US Recession Not Looming in Manufacturing –ISM’s Fiore: Plunge in Prices Index Due to Weaker China Demand, Lower Energy Costs By Max Sato (MaceNews) – U.S. manufacturing activity growth slowed marginally in July from June, remaining at the lowest rate […]
White House and Other Schedules for Monday, Aug 1
WASHINGTON (MaceNews) – The following are Monday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, AUGUST 1, 2022In the morning, the President will receive the President’s Daily Brief virtually. This meeting will be closed press. In-Town Pool Wires: […]
Japan Government Upgrades View: Consumption, Jobs Leading Gradual Economic Pickup
By Max Sato (MaceNews) – Japan’s government Tuesday upgraded its economic overview for the first time in three months in July as consumption is on a clearer pickup path, led by job creation and pent-up demand, but real wages are falling amid rising inflation and the weaker yen is eroding purchasing power, according to its […]
White House and Other Schedules for Monday, July 25
WASHINGTON (MaceNews) – The following are Monday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, JULY 25, 2022 In the morning, the President will receive the President’s Daily Brief virtually. This meeting will be closed press. After, the […]
White House and Other Schedules for Friday, July 22
WASHINGTON (MaceNews) – The following are Friday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORFRIDAY, JULY 22, 2022 In the morning, the President will receive the President’s Daily Brief virtually. This meeting will be closed press. […]
Japan May Machine Orders Dip as Expected After Sharp Gains; Capex Plans Seen Solid
–Japan Govt Keeps View After Upgrade: Machine Orders Showing Signs of Pickup By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, posted the first month-on-month drop in three months, taking a breather after sharp gains led by computer demand, but capital spending plans are expected to be […]
ISM: US June Service Sector Growth Continues but Slowest in 2 Years Amid Labor Shortages, Supply Delays, Inflation 
–ISM’s Nieves: Rising Inflation Hurting Demand in Retail Trade –ISM: Supply Chain Constraints Keeping Firms from Replenishing Inventories –ISM: Employment in Contraction Mainly Due to Limited Labor Pool By Max Sato (MaceNews) – US service sector growth slowed for the third straight month to the lowest rate in about two years as supply bottlenecks […]
US June ISM Manufacturing Growth Slowest in 2 Years on Softer New Orders
–ISM: Labor Shortages, Supply Constraints, High Prices Continue Weighing on Sector –ISM’s Fiore: No Indication of US Recession Looming on Manufacturing Side –ISM’s Fiore: US Firms Still Concerned About Ability to Import Amid Port Disruptions By Max Sato (MaceNews) – US manufacturing activity growth slowed in June to the lowest rate in two years with […]
White House and Other Schedules for Friday, July 1
WASHINGTON (MaceNews) – The following are Friday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events: White House Friday – Having returned to the White House from Madrid late Thursday, Pres Biden has little on his Friday schedule except a meeting […]