Japan Aug Core CPI Flat Y/Y After Year-Long Drop; Energy Pickup Slows
— Total CPI Marks 11th Straight Y/Y Drop As Fresh Vegetable Prices Slump — Downward Pressure From Low Cost Mobile Phone Plans Intensifies By Max Sato (MaceNews) – Higher costs for energy and processed food continued easing the downward pressure on Japan’s core consumer prices, which was flat on year in August after a year-long […]
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 […]
Japan Aug Export Rise Slows; Trade Deficit on Energy, Vaccine Import Surge
By Max Sato (MaceNews) – Japanese exports continued rising at a double-digit rate on year in August after the pandemic-triggered 2020 slump, but their momentum lost steam amid global supply chain disruptions and rising Covid-19 cases, data released Thursday by the Ministry of Finance showed. Demand for Japanese iron and steel as well as semiconductor-producing […]
Japan July Machine Orders Rebound Slightly; Pickup from 2020 Continues
By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, rebounded slightly in July, staying on course toward a second consecutive quarterly rise in July-September, data released Wednesday by the Cabinet Office showed. Orders from manufacturers marked the fourth straight rise while those from non-manufacturers posted the first […]
BofA Global Research Fund Manager Survey: Global Growth Expectations Wither Further in September
By Vicki Schmelzer NEW YORK (MaceNews) – Global growth expectations withered further in September, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. Even though world growth expectations declined again this month, investors made only mild tweaks in their equity and bond portfolios. A net 13% of those polled in […]
Tuesday September 14 Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, the State Department, USTR, the Capitol and for upcoming Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, SEPTEMBER 14, 2021 In the morning, the President will travel to Denver, Colorado. The departure from Long Beach Airport will be open […]
US Data Preview Commentary: CPI, Retail Sales, IndPro and the Next 20 Years
WASHINGTON (MaceNews) – This week’s economic data includes the Consumer Price Index for August, with forecasters not anticipating an acceleration in the rate of change but not much, if any, deceleration. If the annual consumer inflation rate remains around the 5.4% in July and June, or a little less as forecasted, analysts are likely to […]
Fed’s Beige Book: Economy Weighed by Delta Variant with Growth ‘Downshifted’
WASHINGTON (MaceNews) – The Federal Reserve’s survey of economic conditions nationwide Wednesday found the economy “downshifted slightly” during the summer as the Delta variant hurt restaurants, tourism and travel while supply disruptions, labor shortages and semiconductor shortages added to the slowing. The survey of the 12 regional Fed districts was conducted through Aug. 30 and […]
Italy’s Local Elections Raise Coalition Tensions, Risk Delaying Reforms – Sources
By Silvia Marchetti ROME (MaceNews) – Italy’s upcoming local elections are bound to fuel tensions between government parties with the risk of delaying key reforms needed to kickstart the recovery, ruling coalition officials warned. “The League, the Democrats and the 5 Stars are bickering on a daily basis in an attempt to boost their popularity […]
Canada’s Central Bank Keeps Easing Stance To Support Pandemic-Hit Economy
By Max Sato (MaceNews) – Bank of Canada policy-makers are sticking to their stance to take their time unwinding quantitative easing amid growing uncertainty over global and domestic economic recovery. The bank’s Governing Council announced Wednesday that it is holding the target for overnight lending rates at 0.25% and maintaining the pace of weekly asset […]