The Manchinator Chews Through Dem’s ’22 Hopes; Republicans Rejoice
By Denny Gulino WASHINGTON (MaceNews) – The shock wave from what many Democrats see as Sunday’s betrayal by their own Sen. Joe Manchin, killing the Build Back Better bill supporting Democratic hopes for next year’s mid-term elections, triggered anger and despondency on one side of the aisle and rejoicing and hallelujahs on the other side. […]
BOJ Keeps Easing Stance, Tweaks Covid Funding Scheme Toward Small Firms
By Max Sato (MaceNews) – The Bank of Japan said Friday it is ending parts of its anti-Covid special financing program aimed at supporting large firms, whose financial conditions have improved, while extending its feature of helping hard-hit small businesses, particularly those in the service sector. As expected, the BOJ decided to maintain its interest […]
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 […]
Japan Nov Exports Pick Up Pace on Eased Supply Delays, Reopening Demand
— Imports Surge on Rising Energy Costs, Leading to 4th Straight Trade Deficit By Max Sato (MaceNews) – The pace of year-on-year increase in Japanese exports picked up in November after slowing in October amid a recent improvement in parts supply from Southeast Asia but global transport bottlenecks and the spread of the Omicron coronavirus […]
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 […]
Bank of England Likely to Hold Fire at Dec MPC Meeting
–Omicron Variant Set to Delay Rate Hike Widely Expected Before Year End–Sharp Rise in November Inflation Could Provide Spirited Discussion LONDON (MaceNews) – The Bank of England is likely to keep rates on hold at Wednesday’s final rate-setting meeting of the year, with the U.K. returning to partial Covid restrictions as the Omicrom variant sweeps […]
Japan Oct Machine Orders Rebound On Eased Supply Delays, Covid Rules
–Japan Govt Keeps View: Pickup in Machine Orders Pausing By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, posted a solid rebound in October amid signs of a slight easing in delayed parts supply from Southeast Asia and relaxed Covid restrictions on business hours and public events […]
BOJ Dec Tankan Business Sentiment Mixed; Capex Plans Cautious
–Sentiment Among Major Manufactures Flat After Recent Gains –Non-Manufacturers Report Better Conditions on Eased Covid Rules –Major Firms Revise Down Capex Plans From Sept But Still Up From FY20 –Smaller Firms’ Capex Plan Upward Revision Smaller Than Expected By Max Sato (MaceNews) – Confidence among major manufacturers in Japan was unchanged in December from September […]
PREVIEW: BOJ Dec Tankan To Show Mixed Sentiment, FY21 Capex Plans
–Sentiment Among Manufacturers Seen Flat After Recent Gains–Non-Manufacturers Likely Report Better Sentiment on Eased Covid Rules–Major Firms Expected To Revise Down Their Capex Plans–Smaller Firms Tend To Revise Up their Capex Plans Later in Fiscal Year By Max Sato (MaceNews) – The Bank of Japan’s quarterly Tankan business survey is expected to show confidence among […]