FOMC POLICY STATEMENT – As expected, with quarter-point rate cut followed by dot-plot expectations for two more this year
WASHINGTON (MaceNews) – The Federal Open Market Committee’s Wednesday policy statement: Recent indicators suggest that growth of economic activity moderated in the first half of the year. Job gains have slowed, and the unemployment rate has edged up but remains low. Inflation has moved up and remains somewhat elevated. The Committee seeks to achieve maximum […]
Japan Weekahead: Ruling, Opposition Parties Gear Up for October Snap Elections Widely Expected after Conservative LDP Picks Leader
–Bank of Japan to Stand Pat amid Political Storm Following PM Ishiba’s Resignation, Board Monitors Trump Tariff Impact on Q3 Data–August Data to Highlight Tariff Impact: Japan Carmakers’ Discount Strategy Keeps Their US Market Share but Depresses Export Values–Core CPI to Ease Below 3% on Summer Fuel Subsidies, Yen’s Relative Strength Vs. Slump in Early […]
Japan Weekahead: Q2 GDP Revision Seen Limited, Confirming Sluggish but 5th Straight Q/Q Growth, Producer Inflation Seen Picking Up but Still Under 3%
By Max Sato (MaceNews) – Here are the key Japanese economic events for the coming week. The revised Q2 GDP data is forecast by many economists to show little change from the initial reading, confirming that Japan’s wobbly recovery from the pandemic lingers on under the weight of trade woes and sticky inflation triggered by […]
Japan Week Ahead: MOF Quarterly Business Survey to Provide Clues to Supply-Side Capex, Inventories in Revised Q2 GDP
–Consumption Appears to Have Made Resilient but Lackluster Start to Q3 By Max Sato (MaceNews) – Here are the key Japanese economic events for the coming week. – Monday, Sept. 1 0850 JST (2350 GMT/1950 EDT Thursday, Aug) The Ministry of Finance releases the Financial Statements Statistics of Corporations by Industry for the April-June quarter […]
US TARIFFS STATE OF PLAY – Punishing 50% Tariff on India Products Takes Effect; Online Shoppers to be Hit With Tariffs Friday
WASHINGTON (MaceNews) – There was no last-minute reprieve for India, as of midnight ET hit with one of the highest tariff rates in the world. The implementation of a 50% rate shuts off most trade with the U.S. and there have been many accounts of sectors of the Indian economy already feeling the severe effect. […]
Japan Still Sees Gradual Economic Recovery but Warns Some Uncertainty over Trade Deals lingers, Downgrading Its View on Exporter Profits
By Max Sato (MaceNews) – Japan’s government continues to believe that the domestic economy is expected stay on a “modest recovery” track after top negotiators from Tokyo and Washington have worked out some details of their bilateral trade deal reached last month but also warned that uncertainty over global growth is here to stay for […]
Japan Weekahead: Factory Output to Slip Back amid Lingering Trade Woes; Retail Sales Sluggish on Waning Inbound Spending Magic, Front-Loaded Air Conditioner Demand
By Max Sato (MaceNews) – Here are the key Japanese economic events for the coming week. The world trade uncertainty has been reduced somewhat by accords between Washington and some U.S. allies, except for Canada, but President Trump’s erratic policymaking is leaving firms wary of making plans. Trump tariffs are taking their toll on Japanese […]
Japan Weekahead: Export Values Set to Post 3rd Straight Y/Y Drop as Trump Tariffs Forcing Carmakers to Cut Prices for US Customers; Inflation to Ease Further on Fuel Subsidies
By Max Sato (MaceNews) – Here are the key Japanese economic events for the coming week. President Trump’s high import duties have prompted Toyota and other carmakers to trim sales prices for U.S. buyers in a bid to protect their market share in the world’s largest economy. This has led to a fall in overall […]
Fed Officials Still Divided, Unsure About When and How Much To Cut Interest Rates
By Steven K. Beckner (MaceNews) – Federal Reserve officials have continued this week to muse about cutting interest rates for the first time since December when the Fed’s rate-setting Federal Open Market Committee meets in mid- September, but the FOMC remains divided and unsure. Despite an uptick in inflation, labor market worries have come to […]
BofA Global Research Fund Manager Survey: Global Investors Increasingly More Cautious About Growth and Inflation In August
By Vicki Schmelzer NEW YORK (MaceNews) – Global investors were increasingly more cautious in their views about growth and inflation in August, according to BofA Global Research’s monthly fund manager survey, released Monday. A net 41% of those polled this month looked for weaker global growth in the coming 12 months. This compared to a […]