Japan April Household Spending Slumps on Continued Shift to Lower Mobile Phone Plans; Traveling, Eating Out Remain Strong
–Spending Drop Also Due to Continued Cut in High School Supplementary Education; Housing Also Down –Spending on Packaged Tours, Train/Air Fares Continues Rising on Tourism Support Program –Real Household Income Posts 7th Straight Y/Y Drop on High Food Costs but Energy Subsidies Capping Utility Charges By Max Sato (MaceNews) – Japan’s real household spending […]
ISM: US May Service Sector Activity in Expansion Territory for 5th Straight Month but Slower on Lower New Orders, Employment
–ISM’s Nieves: Employment Remains a Mixed Bag, Depending on Industries –Nieves: Firms See Slower Growth This Year but No Forecasts for Recession –Nieves: Prices Paid Stabilizing as Production, Deliveries Improving By Max Sato (MaceNews) – Business activity in the U.S. service sector was in positive territory for the fifth straight month in May but the […]
White House and Other Schedules for Monday, June 5
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 FORMONDAY, JUNE 5, 2023In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In […]
White House and Other Schedules for Friday, June 2
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 FORFRIDAY, JUNE 2, 2023 In the afternoon, the President will receive the President’s Daily Briefing. The Vice President will attend. This […]
US May ISM Manufacturing in Contraction for 7th Straight Month as New Orders Plunge on Uncertainty Over Timing of Recovery
–ISM’s Fiore Still Sees Main Index in 47 to 51 Range; Revenues Remain Strong but Future is Very Cloudy–Fiore Repeats: Firms Managing Output to Prepare for Pickup in Late Summer, Early Fall –Fiore: Comments from Some Firms Show There is Concern About Recession in 2024 By Max Sato (MaceNews) – U.S. manufacturing activity was in […]
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 […]