Japan April Household Spending Dips Y/Y on Car Supply Delays, Less Cooking at Home
–Spending Up M/M As People Dine Out, Travel More Freely After Covid Rules Eased By Max Sato (MaceNews) – Japan’s real household spending posted the second straight year-on-year drop in April as supply bottlenecks hampered car purchases and people dined out more freely, spending less on groceries compared to a year earlier when a Covid […]
<strong>UK Premier Boris Johnson Scrapes Through in Confidence Vote</strong>
By Laurie Laird LONDON (MaceNews) – UK Prime Minister Boris Johnson survived a parliamentary confidence vote on Monday night, but the scale of his victory raises questions over his authority through the remainder of the parliamentary session. Members of the premier’s Conservative Party voted by a margin of 211 to 148 to affirm Johnson’s position, allowing […]
UK Prime Minister Boris Johnson to Face Vote of Confidence Monday
–PM needs the support of 180 party lawmakers to remain in office By Laurie Laird LONDON (MaceNews) – Embattled UK Prime Minister Boris Johnson faces a snap vote of confidence in the UK parliament Monday evening, putting his controversial premiership at risk. The announcement came after at least 54 members – or 15% — of […]
White House and Other Schedules for Monday, June 6
WASHINGTON (MaceNews) – The following are Monday’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 FORMONDAY, JUNE 6, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In-Town Pool Wires: AP, […]
ISM: US May Service Sector Growth Continues Slowing Amid Labor Shortages, Supply Constraints 
–ISM’s Nieves: Fed Tightening on Overall US Service Sector Seen Limited –ISM: Demand for Services Still Strong; May’s Slower Growth Expected –ISM: New Orders Index Rebounds, Prices Index Eases from April’s Record High By Max Sato (MaceNews) – US service sector growth slowed further in May as companies continued tackling labor shortages and supply delays […]
White House and Other Schedules for Friday, June 3
WASHINGTON (MaceNews) – The following are Friday’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 FORFRIDAY, JUNE 3, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. After, the President […]
Bank of Canada’s Beaudry: May Need To Hike Rates Above 2-3% Neutral Rate As Inflation Persists
By Max Sato (MaceNews) – The Bank of Canada may need to keep raising its policy interest rate above what it sees as neutral, currently in the 2% to 3% range, as inflation has been rising faster than expected and could become much harder to control, Deputy Governor Paul Beaudry said Thursday. He also said […]
White House and Other Schedules for Thursday, June 2
WASHINGTON (MaceNews) – The following are Thursday’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 FORTHURSDAY, JUNE 2, 2022 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval Office. This […]
Fed’s Beige Book Survey Finds Some Slowing in Economic Growth Pace
Also Finds ‘Leveling Off’ of Wages and ‘Moderating’ Price Hikes Some Places By Steven K. Beckner (MaceNews) – The economy was showing more signs of slowing through the third week of May, according to the Federal Reserve’s latest survey of economic conditions around the nation, released Wednesday. And while labor markets remained tight, employment grew […]
Bank of Canada Raises Policy Rate Again to Tame Inflation, Says to Rise Further Given Strong Growth, High Inflation
–BOC: Ukraine War, China’s Covid Lockdowns, Supply Constraints Weighing on Growth, Boosting Inflation –BOC Repeats: Timing, Pace of Further Rate Hikes Set by Economic Assessment By Max Sato (MaceNews) – The Bank of Canada on Wednesday lifted its policy interest rate – the target for overnight lending rates – by another 50 basis points to […]