FOMC Minutes Show Uncertainty About Any June Rate Hike
WASHINGTON (MaceNews) – The Federal Open Market Committee participants were not sure what is their most likely policy decision at their June meeting as the Fed staff repeated its outlook for a mild recession at year end or early next year, the meeting minutes showed Wednesday. In fact, the staff told the meeting that the […]
White House and Other Schedules for Wednesday, May 24
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: Update: In the morning, the President will receive the President’s Daily Briefing. The Vice President will attend. This meeting in the Oval Office will be closed […]
White House and Other Schedules for Tuesday, May 23
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 FORTUESDAY, MAY 23, 2023 In the afternoon, the President and the Vice President will have lunch. This lunch in the President’s […]
White House and Other Schedules for Monday, May 22
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 President Biden’s press conference Sunday in Hiroshima is at: https://www.whitehouse.gov/briefing-room/speeches-remarks/2023/05/21/remarks-by-president-biden-in-a-press-conference/} DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, MAY 22, 2023In the morning, the President will […]
US NABE Panel of 45 Forecasters Show Wider-Than-Usual Disparity of Views on Key Metrics, Improve Outlook vs February
WASHINGTON (MaceNews) – The National Association for Business Economics Monday presented the results of its latest quarterly survey of forecasters, with the panel of 45 showing a wider degree of uncertainty over key etrics than usual, although somewhat improved over the previous survey. Some excerpts follow: GDP • Expectations for inflation-adjusted gross domestic product (real […]
Japan March Machine Orders Down for 2nd Straight Month, Q1 Up; Q2 Seen Rising Faster Amid Solid Capex Demand
–Machine Orders Seen +4.6% in Q2 Vs. +2.6% in Q1, Led by Strong Demand from Non-Manufacturers –Cabinet Office Keeps View: Machine Orders Pausing By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, came in much weaker than expected in March, posting drops on the month and year, […]
White House and Other Schedules for Friday, May 19
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: COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FORFRIDAY, MAY 19, 2023 – SUNDAY, MAY 21, 2023 Friday, May 19, 2023 In the morning, the President and […]
Japan April Core CPI Up 3.4% Y/Y After Slowing to 3.1% Rise on Continued Markups in Process Food, Rebound in Hotel Fees
–Energy Subsidies, Softer Commodities Somewhat Easing Consumer Inflation –Total CPI +3.5% Y/Y V. +3.2% Y/Y in March, 41-Year High of +4.3% in January –Core-Core CPI (Ex-Fresh Food, Energy) Hits Fresh 41-Year High of +4.1% Y/Y, Largest Gain Since +4.2% in September 1981 By Max Sato (MaceNews) – Consumer inflation in Japan picked up to around […]
White House and Other Schedules for Thursday, May 18
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: COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, MAY 18, 2023 – SUNDAY, MAY 21, 2023 In the morning, the President will receive the President’s Daily […]
Japan April Exports Slower, Imports Drop; Trade Deficit Narrows Further from Record High in January
–Japan Posts 21st Straight Monthly Trade Deficit but Smallest Since February 2015–Exports to China Mark 5th Straight Y/Y Drop but at Slower Pace; Economy Recovering from Beijing’s Zero-Covid Policy Impact By Max Sato (MaceNews) – The year-over-year increase in Japanese export values slowed further in April amid softer global demand despite solid shipments of automobiles […]