Italy to Clear EUR20-25 Billion Budget Plan with Tax Cuts and Pension Fixes – Sources
By Silvia Marchetti ROME (MaceNews) – Italy’s government will approve by end of this week the 2022 budget plan worth up to EUR 25 billion with tax cuts, pro-growth measures and a fix to the current pension system, according to sources. “We’re holding a preliminary meeting today to define the general framework but we still […]
BOC Q3 Survey Shows Business Sentiment Up, Tougher Supply Constraints
— More Firms in Canada See Above 3% Inflation Over 2 Years By Max Sato (MaceNews) – Sentiment among companies in Canada, particularly those in the services sector, continued to pick up in the July-September quarter on expectations of a gradual reopening of the economy and national borders, the Bank of Canada’s quarterly Business Outlook […]
NY Fed’s Williams Opposes Raising FOMC Inflation Target From 2%
–Stresses Need To Anchor Inflation Expectations at 2% By Steven K. Beckner (MaceNews) – New York Federal Reserve Bank President John Williams defended the Fed’s 2% average inflation target Friday, while emphasizing the need to solidify expectations around that rate. Williams, vice chairman of the Fed’s policymaking Federal Open Market Committee, acknowledged that the real […]
MaceNewsViews: Commentary – Senate Republican Leader McConnell Flexes (Political) Muscle Despite Minority Status
By Eric Ham WASHINGTON (MaceNews) – As the clock wound down on the debt ceiling and Democrats were unable or unwilling to break the logjam on their own, Republican Minority Leader, Mitch McConnell, stepped in and saved the nation from going over the financial cliff. The Kentucky senator reminded the country of the clout he […]
Japan Govt Keeps Cautious View on Economy, Noting Slower Export Growth
–Japan Sees Global Economic Pickup But Downgrades China Growth Pace By Max Sato (MaceNews) – Japan’s government Friday maintained its cautious view on the pace of domestic economic recovery as global supply chain disruptions linger and export growth slows, according to its monthly report released by the Cabinet Office. The government said the economy […]
MaceNewsViews: President Biden Gets Tough With Corporate America
By Eric Ham WASHINGTON (MaceNews) – President Biden Wednesday met with senior stakeholders from business, labor unions and trade associations. The meeting took place in the Roosevelt Room inside the White House. The meeting was closed to the press. After meeting for more than an hour, the president addressed the public. He made clear he […]
Japan Aug Machine Orders Expectedly Dip After Recent Computer Demand
–Japan Govt Downgrades View: Pickup in Machine Orders Pausing–Cabinet Office Official: Demand for Computers Seen on Firm Trend–Q3 Core Orders Seen Unlikely to Grow 11% Q/Q, As Projected Earlier By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, unexpectedly slumped in August as demand for computers took […]
Atlanta Fed’s Bostic: Upside Inflation Risks Show Need to Start Tapering
–Sees First Funds Rate Hikes ‘More Than A Year Off’ –Doubts Tapering Will Have Much Economic or Financial Impact –Price Stability ‘Could Be On The Line In Coming Months’ –Persistent Wage-Price Pressures Could ‘Unanchor’ Inflation Expectations By Steven K. Beckner (MaceNews) – Atlanta Federal Reserve Bank President Raphael Bostic sounded somewhat of an alarm about […]
<strong>Japan Sentiment Picks Up on Vaccine Rollout But Q3 GDP Seen Slower</strong>
By Max Sato (MaceNews) – Japan’s sentiment surveys painted a rosier picture as the government has lifted its Covid-19 state of emergency on heavily hit regions, setting the stage for gradually reopening the economy, but global supply chain disruptions remain a major hindrance to recovery. The monthly Economy Watchers Survey, which was conducted by the […]
Italy’s G20 Summit on Afghanistan: UN Tasked with Crisis Exit Road Map, IMF, World Bank Aim to Head off ‘Financial Collapse’
By Silvia Marchetti ROME (MaceNews) – The G20 extraordinary summit on Afghanistan held on Tuesday under the Italian presidency mandated the United Nations with the task of defining a global ‘road map’ to tackle the humanitarian crisis and avoid the financial collapse of the nation. At the end of the online event, Italian premier Mario […]