EXCLUSIVE: Ex-BOJ Momma Says BOJ May Raise Rates at Year End if Outlook for Sustained Wage Hikes Emerges; Initial Rate Move More Likely Next Spring or Summer
–Momma Sees 20% Chance of BOJ Achieving Stable 2% Inflation in A Year, Up from Zero 6 to 12 Months Ago –Momma: Cost-Push Inflation Prompting Wage Hikes Amid Labor Shortages By Max Sato TOKYO (MaceNews) – The Bank of Japan is focused on riding the wave of wage hikes to achieve stable 2% inflation by […]
White House and Other Schedules for Thursday, June 1
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 FORTHURSDAY, JUNE 1, 2023 In the morning, the President will deliver the commencement address at the United States Air Force Academy […]
Fed’s Beige Book Survey Sees Little Slowing With Consumption Higher In Most Districts
WASHINGTON (MaceNews) – The Federal Reserve’s Beige Book survey of economic conditions coast-to-coast Wednesday found little change overall, with consumption “steady or higher,” labor still tight, manufacturing “flat to up” and supply conditions continuing to improve. The survey, assembled by the Chicago Fed, was tempered by some downsides, saying “high inflation and the end of […]
White House and Other Schedules for Wednesday, May 31
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 FORWEDNESDAY, MAY 31, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Later, […]
Japan April Retail Sales Up on Year Led by Department Stores, Autos but at Slower Pace; Down on Month
–METI Keeps View: Retail Sales on Gradual Uptrend; 3-Month Moving Average Still Up on Month –Department Store Sales on Recovery Track, Auto Sales Improving Further –Demand for Cosmetics, Drugs Remains Solid; Sales of Appliances Stay Sluggish By Max Sato (MaceNews) – Japanese retail sales posted their 14th straight year-over-year increase in April amid a continued […]
Japan April Industrial Output Dips Unexpectedly on Weaker Demand for Production Equipment amid Global Slowdown
–METI Survey: Output Likely to Post 2nd Straight Dorp in May, Rise in June –METI Keeps View After Last Month’s Upgrade: Output Showing Gradual Pickup –METI Repeats: To Watch Effects of Parts Shortages, Inflation By Max Sato (MaceNews) – Japan’s industrial production unexpectedly fell on the month for the first drop in three months, hit […]
White House and Other Schedules for Tuesday, May 30
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: (The transcript of Sunday’s White House background briefing for the press on the debt-limit deal is at: https://macenews.com/transcript-white-house-press-backrounder-on-debt-limit-deal/ or macenews.com) DAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, […]
Japan April Jobless Rate 2.6% Vs. 2.8% in March on Fewer Job Cuts, Quits; Y/Y Job Creation Continues
–Fewer People Quit for Other Openings on Month, Job Losses, Retirements Also Fall –Jobs Up on Year for 9th Straight Month, Let by Manufacturing, Entertainment, Hotels/Restaurants –Number of Unemployed Marks 2nd Straight Y/Y Rise By Max Sato (MaceNews) – Japanese payrolls posted their ninth straight year-over-year growth in April as the reopening of the economy […]
White House and Other Schedules for Monday, May 29
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: (The transcript of Sunday’s White House background briefing for the press on the debt-limit deal is at: https://macenews.com/transcript-white-house-press-backrounder-on-debt-limit-deal/ or macenews.com) WHITE HOUSE GUIDANCE AND PRESS […]
TRANSCRIPT: White House Press Backrounder on Debt-Limit Deal
WASHINGTON (MaceNews) – The following is the White House transcript of Sunday’s press background briefing on the debt-limit deal: BACKGROUND PRESS CALLON THE BIPARTISAN BUDGET AGREEMENT Via Teleconference 6:51 P.M. EDT MODERATOR: Good evening, everyone. And thank you for joining our background call at a bit of a short notice. As you saw, the President spoke […]