Data Preview: But First, March Payrolls Were Strong – and Irrelevant for the Long Haul – As ‘Benchmark Effect’ Skews Perceptions
WASHINGTON (MaceNews) – The next steps for the U.S. economy and the monetary policy that nurtures and sustains it beyond Friday’s strong jobs report are the same as before the report, a long slog of many more such reports before the recovery approaches, re-employment becomes new employment and rates edge up to normal. The phase […]
Strong Recovery Demand Masking US Supply Chain Crisis as Wht Hse Fixes Lag
WASHINGTON (MaceNews) – The day’s ISM report on manufacturing focused on supply-chain blockages that will continue into the late summer with the White House effort to diagnose the problem lagging. The Institute for Supply Management’s report showed manufacturing momentum powered up in March, with the index coming in considerably above expectations at 64.7. The new […]
Japan Feb Factory Output Slips; Carmakers Hit by Global Chip Shortage
By Max Sato — Japan’s METI Says Feb. 13 Quake Also Delayed Auto Parts Supply (MaceNews) – Japan’s industrial production posted the first drop in two months after a sharp rebound in January, as global semiconductor shortages had prompted carmakers to trim output, preliminary data released Wednesday by the Ministry of Economy, Trade and Industry […]
US Data Preview: US Jobs Report, ISM Mfg PMI Plus More Uncertainty
WASHINGTON (MaceNews) – As all the cable talkers will tell us, the upcoming jobs report (Friday) will be watched closely for clues to future Federal Reserve policy and as a gauge of the extent of retreat of the pandemic. But not really. As Fed Chair Jay Powell keeps insisting to a skeptical set of markets, […]
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, […]
US Data Preview: Rescue Plan Billions Transcend Data/FOMC
–Coming Up, Retail Sales, Housing Starts; FOMC, Leading Indicators WASHINGTON (MaceNews) – Let’s face it, far more significant than the upcoming week’s economic data and FOMC meeting – more than perhaps the entire year’s upcoming data and FOMC meetings – is that the government is beginning to dump American Rescue Plan billions – hundreds of […]
Monday’s Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Monday’s public schedules for the White House, Treasury, Capitol Hill and for upcoming economic data: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, MARCH 1, 2021 In the morning, the President will depart Wilmington, Delaware en route Washington, DC. The departure from Delaware Air National Guard Base will […]
US Data Preview: Jobs Report, Powell Speaks, Beige Bk, ISMs
WASHINGTON (MaceNews) – The week ahead features January’s jobs report and, the day before, Federal Reserve Chair Jay Powell talking about jobs. With the escalation of the 10-year yield lately, a lot of viewers of the Wall Street Journal Jobs Summit appearance would rather he talk about inflation, credit costs, the way measures of inflation […]
Japan Jan Factory Output Rebounds But Pullback Forecast For Feb/Mar
– Shipments Also Rebound, Inventories Dip, Reflecting Solid Demand – METI: Limited Impact of Govt’s Request for Restricted Economic Activity By Max Sato (MaceNews) – Japan’s industrial production rebounded in January, marking the first rise in three months, reflecting solid domestic and overseas demand despite the pandemic, preliminary data released Friday by the Ministry of […]
THURSDAY’S WASHINGTON SCHEDULES
WASHINGTON (MaceNews) – The following are Thursday’s schedules for the White House, Treasury, the Capitol and upcoming economic data: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, FEBRUARY 4, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval Office. This meeting is closed […]