Japan October Household Spending Posts 8th Straight Y/Y Drop as Unusually Warm Weather Dents Heater Demand, Ceremony Costs Remain Low
–Eating Out Continues; Demand for Automobiles Solid on Improved Supply Chains, Easing Chip Shortages –Real Household Income Posts 13th Straight Y/Y Drop on Elevated Costs; Nominal Wage Growth Falling Behing Inflation By Max Sato (MaceNews) – Japan’s real household spending posted its eighth straight drop on the year in October, down a smaller-than-expected 2.5%, after […]
White House and Other Schedules for Thursday, Dec 7
WASHINGTON (MaceNews) – The following are Thursday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR THURSDAY, DECEMBER 7, 2023 In the afternoon, the President will receive the President’s Daily Brief. This meeting in the Oval Office […]
Preview: Japan Q3 GDP Contraction Seen Unrevised, Confirming Sluggish Domestic Demand
–Slump Due to Net Exports Pullback, Private Inventories Plunge, Weaker Public Works, Capex –Consumption Flat in Initial Data as Pent-Up Demand for Eating Out, Traveling Wanes –Q4 GDP Seen Up but Faces Slowing Global Demand, Domestic Labor Shortages By Max Sato (MaceNews) – Japan’s first economic contraction in three quarters in the July-September quarter is […]
White House and Other Schedules for Wednesday, Dec 6
WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR WEDNESDAY, DECEMBER 6, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]
Preview: Bank of Canada Expected to Keep Policy Rate at 22-Year High of 5% in Light of Softer Economic Data While Warning Underlying Inflation Still Too High
By Max Sato (MaceNews) – The Bank of Canada is widely expected to hold its policy interest rate steady for a third straight meeting on Wednesday in the face of sluggish GDP data and an uptick in unemployment. But BOC policymakers are also expected to warn against being complacent about the risk of prolonged inflation […]
ISM: US Services Sector Expands for 11th Straight Month in November at Start of Holiday Season; Employment Grows Slightly
–ISM’s Nieves: Jobs Remain Mixed Bag; Some Firms Struggling to Secure Workers –Nieves: New Orders Expected to Show ‘Decent Numbers’ in January-March Quarter –Nieves: Inventory Buildup Due to Holiday and Flu Seasons By Max Sato (MaceNews) – Business activity in the U.S. services sector was in positive territory for the 11th straight month in November […]
White House and Other Schedules for Tuesday, Dec 5
WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR TUESDAY, DECEMBER 5, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]
Japan November Tokyo Core CPI Annual Rate Eases as Processed Food Markups Have Peaked, Hotel Fees Jump in Reaction to Last Year’s Subsidized Drop
–Services Costs Now Rising Faster Than Goods Prices Amid Wage Hikes –Core CPI (Ex-Fresh Food) +2.3% Y/Y Vs. +2.7% in October –Total CPI +2.6% Vs. +3.2% on Lower Fresh Food Price Rise After October’s Spike –Core-Core CPI (Ex-Fresh Food, Energy) Moderates to +3.6% from +3.8% By Max Sato (MaceNews) – Consumer inflation in Tokyo, the […]
White House and Other Schedules for Monday, Dec 4
WASHINGTON (MaceNews) – The following are Monday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR MONDAY, DECEMBER 4, 2023 In the afternoon, the President will receive the President’s Daily Brief. This meeting in the Oval Office […]
US November ISM Manufacturing in Contraction for 13th Straight Month as Firms Trim Output, Headcount in Response to Soft Demand
–ISM Manufacturing Index Unchanged at Weaker-Than-Expected 46.7 in November –ISM’s Fiore: Sector at Lower End of Trough; Things Moving Very Slowly –Fiore: New Orders Still Down, No Idea Where They Will Be in December –Fiore: High Fuel Costs Are Negative as Energy Market Looks Set to Rise Again By Max Sato (MaceNews) – U.S. manufacturing activity was […]