Japan May Machine Orders Slump After April Rebound, Led by Pullback in Computer Demand from Financial, Transport Sectors
–Cabinet Office Keeps View: Machine Orders Pausing –Core Machinery Orders Unlikely to Achieve Official Forecast of 4.6% Q/Q Rise in April-June –BOJ’s June Quarter Tankan Survey Has Shown Firms Revise Up FY23 Capex Pans By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, came in much weaker […]
Preview: Bank of Canada Expected to Raise Policy Rate 25 BP to 5% Wednesday but Outlook for Future Action Uncertain
By Max Sato (MaceNews) – The Bank of Canada is widely expected to top up its surprise June rate hike on Wednesday, taking the policy interest rate to a fresh 22-year high, but it remains uncertain whether the bank is done with 16 months of credit tightening aimed at guiding inflation lower to its 2% […]
White House and Other Schedules for Tuesday, July 11
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: COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FORTUESDAY, JULY 11, 2023 – THURSDAY, JULY 13, 2023 In the morning, the President will participate in an official […]
White House and Other Schedules for Monday, July 10
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: COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FORMONDAY, JULY 10, 2023 – THURSDAY, JULY 13, 2023 In the morning, the President will meet with Prime Minister […]
White House and Other Schedules for Friday, July 7
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 SCHEDULE FOR FRIDAY, JULY 7, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]
Japan May Household Spending Slumps on Volatile Factor of Mobile Vehicle Purchases, Financial Support
–Drop Also Due to Continued Shift to Lower Mobile Phone Plans; Spending on Traveling, Eating Out Remains Strong –Real Household Income Posts 8th Straight Y/Y Drop on Elevated Costs, Shorter Overtime Working Hours By Max Sato (MaceNews) – Japan’s real household spending fell more sharply than expected in May for a third straight decline on […]
ISM: US June Service Sector Activity in Expansion Territory for 6th Straight Month on Pickup in New Orders, Easing Inflation
–ISM’s Nieves: Firms Cautious About Inflation, Growth Outlook –Nieves: Expect Positive Growth in Services but Watch How Manufacturing Goes After Summer –Nieves: Employment Up but Remains a Mixed Bag By Max Sato (MaceNews) – Business activity in the U.S. service sector was in positive territory for the sixth straight month in June, with the […]
White House and Other Schedules for Thursday, July 6
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, JULY 6, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]
FOMC Minutes See Near Unanimity on Need for Future Rate Hikes This Year But No Clues on Frequency
WASHINGTON (MaceNews) – The minutes of the most recent Federal Open Market Committee policy meeting Wednesday saw wide agreement on the need for more rate hikes this year but lacked clues on their frequency or intensity. While participants saw the balance of supply and demand improving over time, so far the progress against aggressive inflation […]
White House and Other Schedules for Wednesday, July 5
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, JULY 5, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]