<strong>White House and Other Schedules for Thursday, Nov 17</strong>
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. data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR THURSDAY, NOVEMBER 17, 2022 In the afternoon, the President will receive the President’s Daily Brief. This meeting will be closed press. In-Town […]
US Consumer Inflation Expectations, Unemployment Worries Rise in October, NY Fed Reports
NEW YORK (MaceNews) – US consumer inflation expectations bumped up in October from September, paced by much higher expected gas prices, according to a survey from the Federal Reserve Bank of New York. The median expectation for inflation one year ahead among survey respondents rose to 5.94% in October from 5.44% in September and 5.75% […]
Bank of Canada Hikes Key Rate by 50 Bps to 3.75%, Balancing Between Too High Inflation and Slower Demand 
–BOC Governing Council Still Believes Interest Rates Need to Rise Further –BOC: Canadian Economy in Excess Demand, Labor Markets Tight –Governor Macklem: Getting Closer to End of Tightening but Not Over Yet–Macklem: Future Tightening Could Mean Large or Normal Rate Hike By Max Sato (MaceNews) – The Bank of Canada on Wednesday raised its policy […]
Bank of Canada’s Beaudry: To Take Whatever Actions Needed to Bring Inflation Down to 2% Target
–BOC Deputy Governor Beaudry: Canada’s Aug CPI Eased to 7% Y/Y Rise But Still Too High By Max Sato (MaceNews) – The Bank of Canada’s policymakers will take whatever actions necessary to bring still too high inflation back to its 2% target and maintain people’s confidence in the bank’s price stability mandate, Deputy Governor Paul […]
Japan August Inflation Hits 3-Decade High on Widespread Markups; More Price Hikes Coming
–Utilities Lead Rising Energy Costs; Gasoline Price Rise Slows on Subsidies, Softer Market –Core CPI +2.8% Y/Y Nearly 31-Year High Excluding 2014, 1997 Sales Tax Hikes Impact–Total CPI +3.0% Y/Y Also Nearly 31-Year High, Excluding Booster Effects of Sales Tax Hikes –Even Narrow CPI (Ex-Fresh Food, Energy) Up 1.6% Y/Y, More than 29-Year High By […]
BofA Global Research Fund Manager Survey: Investor Sentiment ‘Super Bearish’ in September
By Vicki Schmelzer NEW YORK (MaceNews) – Global investor sentiment was “super bearish” in September, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. Accordingly, cash allocation rose to the “biggest overweight on record” and equity allocation fell to a “record underweight,” the survey said. Investors remained on high alert […]
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, […]