Fed’s Beige Book Survey Sees Positives and Negatives Amid ‘Slightly’ Increased Economic Activity
WASHINGTON (MaceNews) – The Federal Reserve’s Beige Book survey of economic activity coast to coast will tell the next Federal Open Market Committee meeting later this month that economic activity “increased slightly” despite widespread but somewhat moderated inflation pressures. The Beige Book responses, assembled by the New York Fed bank Wednesday, suggested consumer spending was […]
<strong>Bank of Canada Pauses in Tightening but Repeats It is Prepared to Raise Rates Further If Needed</strong>
–BOC: Will Continue Assessing Economic Developments, Effects of Cumulative Tightening –BOC: Labor Markets ‘Very Tight,’ Employment Growth ‘Surprisingly Strong’ –BOC Keeps View Inflation to Slow to 3% in Mid-2023 but Says Needs to Come Down Further By Max Sato (MaceNews) – The Bank of Canada on Wednesday left its policy interest rate — the target […]
<strong>Preview: Japan Q4 GDP Slight Rebound Seen Unrevised, Led by Consumption, Net Export Rise</strong>
–Sharp Drop in Private Inventories, Capex Pullback Behind Lackluster Q4 Growth –Consumption Solid on Eased Covid Rules, Travel Subsidies After Flat Growth in Q3 –Q4 Net Exports Rebound After Q3 Slump Caused by Surge in Service Payments –Q1 GDP Seen Supported by Consumption Amid Weaker Exports By Max Sato (MaceNews) – The slight rebound […]
<strong>White House and Other Schedules for Wednesday, March 8</strong>
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 DAILY GUIDANCE AND PRESS SCHEDULE FOR WEDNESDAY, MARCH 8, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In-Town Pool Wires: […]
<strong>White House and Other Schedules for Tuesday, March 7</strong>
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 DAILY GUIDANCE AND PRESS SCHEDULE FOR MONDAY, MARCH 6, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. DAILY GUIDANCE AND […]
<strong>White House and Other Schedules for Monday, March 6</strong>
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 DAILY GUIDANCE AND PRESS SCHEDULE FOR MONDAY, MARCH 6, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. After, the President […]
<strong>ISM: US February Service Sector Activity Stays in Growth Territory on Rising New Orders, Job Growth, Faster Deliveries</strong>
–ISM’s Nieves: Still Need to See How Things Evolve in April-June Quarter After Strong Start to 2023–Nieves: Possible Negative Impact of Further Fed Tightening Not Reflected in ISM Data By Max Sato (MaceNews) – Business activity in the U.S. service sector stayed in positive territory in February after showing an earlier-than-usual seasonal rebound in January […]
<strong>White House and Other Schedules for Friday, March 3</strong>
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 DAILY GUIDANCE AND PRESS SCHEDULE FOR FRIDAY, MARCH 3, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. After, the […]
Japan February Tokyo Core CPI Y/Y Rise Slows to 3.3% from 4.3% on Subsidies Aimed at Capping Utility Charges
–Total CPI Annual Rate Also Slows to 3.4%% after Hitting Over 41-Year High of 4.4% in January–Narrow CPI (Ex-Fresh Food, Energy) Annual Rate Rises to 3.2%, More Than 31-Year High By Max Sato (MaceNews) – Consumer prices in Tokyo, the leading indicator of the national average, posted year-on-year gains of above 3% in February in […]
<strong>Japan January Jobless Rate Edges Down to 2.4% Vs December’s 2.5%; Y/Y Job Creation Continues at Higher Pace </strong>
-Fewer People Quit for Other Openings or Begin Looking for Work on Month, Offsetting Impact of More Job Losses, Retirements–Employment Posts 6th Y/Y Straight Gain, Let by Hotels, Restaurants, Medical Services–Number of Unemployed Marks 19th Straight Y/Y Drop By Max Sato (MaceNews) – Japanese payrolls posted their sixth straight year-over-year growth in January as the […]