Japan August Tokyo CPI Jumps on Utilities, Food, Hotels on High Producer Costs, Reopening Demand 
–Electricity Leads Higher Energy Bills; Gasoline Price Rise Continues to Shrink –Core CPI +2.6% Y/Y Hits 30-Year High Excluding 2014, 1997 Sales Tax Hikes –Total CPI +2.9% Y/Y Over 30-Year High Excluding Sales Tax Hikes’ Direct Impact –BOJ to Keep Easing Stance Until Stable 2% Inflation Anchored with Real Wage Gains By Max Sato (MaceNews) […]
Japan July Core, Total CPI Annual Rates Stay Above 2% on High Food, Utilities Costs 
–Core CPI +2.4% Y/Y Largest in 14 Years Excluding 2014 Sales Tax Hike Impact–Total CPI +2.6% Y/Y Remains Fastest in Over 30 Years, Excluding Direct Impact of 2014, 1997 Sales Tax Hikes –Gasoline Price Rise Slower on Govt Subsidies, Easing Crude Oil Market By Max Sato (MaceNews) – Consumer inflation in Japan continued moving up […]
FOMC Minutes: Officials Eyed ‘Downside’ Growth Risks, ‘Upside’ Inflation Risks
– Policy Focus Remained on Curbing Inflation, But ‘Many’ Warned of Overdoing It – No Clear Signal from Minutes On Size of Sept. 21 Rate Hike By Steven K. Beckner (MaceNews) – Federal Reserve officials continued to tilt toward a tighter monetary policy at their late July Federal Open Market Committee meeting, but while they […]
BofA Global Research Fund Manager Survey: Investors Hopeful Inflation/Rate Shocks to Dissipate Soon
-Investors Stay Watchful For Recession By Vicki Schmelzer NEW YORK (MaceNews) – Global investors polled in August were hopeful that inflation and rate shocks will dissipate in the coming quarters, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. At the same time, investors remained on high alert for recession, […]
Preview: Japan Q2 GDP Rebound Seen on Eased Covid Rules but China Lockdown Limiting Gain
–People Dining Out, Traveling More Since Restrictions Lifted in Late March –Capex Seen Making Up for Q1 Drop on Solid Digitization, Greener Energy Demand –Q3 GDP Growth Sees Headwinds: Domestic Covid Spike, Slower Global Growth By Max Sato (MaceNews) – Japan’s gross domestic product for the April-June quarter is forecast by economists to post a […]
US CPI Boosts Hopes Inflation Trajectory Has Improved
–July CPI Unchanged; Core +0.3% By Denny Gulino WASHINGTON (MaceNews) – The welcome way the latest Consumer Price Index came in below expectations Wednesday reinforced hopes the trajectory of high consumer inflation has finally improved. The July report’s headline number, the one that most influences inflation expectations, was unchanged, the lowest reading for any month […]
Japan July Producer Inflation at Slowest Pace in 7 Months on Easing Lumber, Non-Ferrous Markets
By Max Sato (MaceNews) – Producer inflation in Japan continued to ease in July to the slowest pace in seven months, after hitting a 41-year high in April, as year-on-year gains in costs for lumber and wood, chemicals and non-ferrous metals decelerated, while prices of gasoline and other fuels lost steam again after a slight […]
July Jobs Report Takes the ‘Stag’ Out of ‘Stagflation;’ Adds 528K Payroll Slots
By Denny Gulino WASHINGTON (MaceNews) – Confounding the forecasters, the July jobs market exploded with new hiring, adding 528,000 payrolls slots, lowering the unemployment rate to 3.5% and pitting market pessimists against their opposites who see inflation having peaked. U.S. stocks futures sagged, benchmark interest rates shot up a few basis points and the White […]
UPDATE – US July ISM Manufacturing Growth Slows on Softer New Orders; ISM Sees No Recession
–ISM: Labor Shortages, Supply Constraints Continue Weighing on Sector –ISM’s Fiore: No Change to View US Recession Not Looming in Manufacturing –ISM’s Fiore: Plunge in Prices Index Due to Weaker China Demand, Lower Energy Costs By Max Sato (MaceNews) – U.S. manufacturing activity growth slowed marginally in July from June, remaining at the lowest rate […]
White House and Other Schedules for Wednesday, July 27
WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, JULY 27, 2022 In the morning, the President will receive the President’s Daily Brief virtually. This meeting will be closed press. In-Town […]