Fed’s Beige Book Survey Takes Negative Turn; Seven Districts Flat or Down
WASHINGTON (MaceNews) – After years of readings of “modest to moderate” expansion, the latest Federal Reserve Beige Book survey of economic conditions coast to coast Wednesday assumed a negative cast, with a majority of Fed regional banks reported no expansion or declines. “Interest rates and inflation continued to weigh on activity” the survey found. Consumers […]
<strong>White House and Other Schedules for Wednesday, Nov 30</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. data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR WEDNESDAY, NOVEMBER 30, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In […]
<strong>Japan October Industrial Output Slumps Amid Slowing Global Demand, in Reaction to Earlier Gains</strong>
–METI Survey: Output Likely to Dip in November, Rise in December –METI Downgrades View: Output Picking Up Gradually but Shows Weakness in Some Areas –METI Repeats: To Watch Effects of a Rise in Covid Cases, Parts Shortages, Inflation By Max Sato (MaceNews) – Japan’s industrial production posted the second straight monthly drop in October, hit […]
<strong>White House and Other Schedules for Tuesday, Nov 29</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. data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR TUESDAY, NOVEMBER 29, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. After, the […]
<strong>Japan October Retail Sales Keep Solid Y/Y Gain on Eased Covid Rules; Nearly Flat M/M on Price Hikes </strong>
–METI Keeps View After Recent Upgrade: Retail Sales Picking Up –Department Store Sales on Recovery Track but Still Below Pre-Pandemic Levels –Demand for Cosmetics, Drugs Remains Strong; Auto Sales Picking Up By Max Sato (MaceNews) – Japanese retail sales posted their eighth straight year-on-year increase in October, led by wide-ranging price hikes, but lower Covid […]
<strong>Japan October Jobless Rate Steady at 2.6% as Tourism Hires More on Eased Border Rules, Travel Subsidies </strong>
–Fewer People Quit on Month to Seek Other Openings, More Start Looking for Work –Employment Growth Up Sharply, Posting 3rd Y/Y Straight Gain –Unemployed Marks 16th Straight Y/Y Drop; Still Above January 2020 Level By Max Sato (MaceNews) – Japanese payrolls posted third straight year-on-year growth in October while the unemployment rate was unchanged at […]
<strong>White House and Other Schedules for Monday, Nov 28</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. data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR MONDAY, NOVEMBER 28, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting in the Oval Office will […]
<strong>White House and Other Schedules for Friday, Nov 25</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. data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR FRIDAY, NOVEMBER 25, 2022 The President has no public events scheduled. Out-of-Town Pool Wires: AP, Reuters, BloombergWire Photos: AP, Reuters, AFP, NYTTV Corr & […]
<strong>Japan November Tokyo Core CPI Up 3.6% Y/Y, New 40-Year High on Rising Processed Food Costs </strong>
–Total CPI +3.8% Y/Y Highest in 32 Years With or Without Effects of 2014, 1997 Sales Tax Hikes –Narrow CPI (Ex-Fresh Food, Energy) +2.5% Remain 31-Year High –Processed Food Price Rise Largest Factor as Overall Energy Moderates By Max Sato (MaceNews) – Consumer prices in Tokyo, the leading indicator of the national average, continued their […]
<strong>Japan Govt Keeps Economic Pickup View Despite Q3 GDP Contraction </strong>
By Max Sato (MaceNews) – Japan’s government Thursday maintained its economic recovery outlook despite the latest GDP data showing an unexpected slump in total domestic output in the July-September quarter caused by a surge in imports amid the sharp depreciation of the yen, according to its monthly report released by the Cabinet Office. The dollar […]