Japan July Core CPI Annual Rate Cools Off to 3.1% from June’s 3.3% on Further Drops in Utilities, Shrinking Rise in Mobile Phone Prices
–Processed Food Prices Still 9% Above Year-Earlier Levels, Hotel Fees Up Sharply on Traveling Demand –Total CPI Steady at +3.3% Y/Y, in +3.2% to +3.5% Range After Hitting 41-Year High of +4.3% in January –Core-Core CPI (Ex-Fresh Food, Energy) Annual Rate Ticks Up Further to 4.3% from June’s 4.2% By Max Sato (MaceNews) – Consumer […]
White House and Other Schedules for Thursday, Aug 17
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, AUGUST 17, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Later, […]
Japan June Core Machine Orders Rebound Moderately but Slump in Q2; Official Forecast Points to Further Drop in Q3
–Cabinet Office Keeps View: Machine Orders Pausing –Q2 Core Machine Orders -3.2% Q/Q (Q1 +2.6%) Vs. Official Forecast of +4.6%; Q3 Seen Down 2.6% By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, chalked up a smaller-than-expected rebound on the month in June after slumping in May, […]
Japan July Exports Post 1st Y/Y Drop in 29 Months on Sluggish Silicon Market; Volumes Continue to Shrink on Slower Global Growth
–Imports Mark 4th Straight Y/Y Fall on Generally Easing Energy Prices –Japan Trade Balance Unexpectedly Slips Back into Deficit After 1st Surplus in 23 Months in June –Exports to China Record 8th Straight Y/Y Drop due to Declines in Autos, Semiconductors, Iron and Steel By Max Sato (MaceNews) – Japanese export values posted their first […]
FOMC Minutes Reflect Uncertainty, Data Dependency as Economy Refuses to Adhere to Slow-Growth Scenario
WASHINGTON (MaceNews) – The minutes of July’s Federal Open Market Committee Meeting Wednesday underlined the central bank policymakers’ continued uncertainty and dependence on data yet to come as the economy resisted the Fed staff’s outlook for below-trend growth. The Fed Board members and regional bank presidents generally acknowledged inflation – particularly minus food, energy and […]
White House and Other Schedules for Wednesday, Aug 16
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, AUGUST 16, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting in the Oval Office […]
White House and Other Schedules for Tuesday, Aug 15
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, AUGUST 15, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]
Japan Q2 GDP Jumps on Sharp Net Export Rebound Amid Falling Import Costs; Consumption Down, Capex Flat
–Q2 GDP 6.0% Annualized Growth Much Stronger Than 3.3% Median Forecast –Consumption Loses Steam After Initial Pent-Up Demand on Eased Covid Rules –Q3 GDP Rise Seen Slowing but Supported by Consumer Spending on Services –Economic Ministers Goto: Moderate Economic Recovery Expected on High Wage Hikes, Capex Demand By Max Sato (MaceNews) – Japan’s gross domestic […]
White House and Other Schedules for Monday, Aug 14
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, AUGUST 14, 2023 In the morning, the President will return to the White House from Rehoboth Beach, Delaware. The departure from […]
White House and Other Schedules for Friday, Aug 11
WASHINGTON (MaceNews) – The following are Friday’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 SCHEDULEFOR FRIDAY, AUGUST 11, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]