Preview: Bank of Canada Expected to Keep Policy Rate at 5%, Keep Close Watch on Underlying Inflation, Economic Growth
–Governing Council Focus Remains on Inflation Expectations, Wage Growth, Corporate Pricing–Governor Macklem Wants to See Clear Downward Momentum in Underlying Inflation By Max Sato (MaceNews) – The Bank of Canada is widely expected to maintain its policy interest rate — the target for overnight lending rates — at 5.0% on Wednesday for a fifth straight […]
ISM: US Services Sector Expands for 14th Straight Month in February but Main Index Dips on Mixed Employment Picture, Supplier Deliveries
–ISM Services Index at 52.6 Vs. 53.4 in December, Just Above 12-Month Average of 52.4 –ISM’s Nieves: Employment Index Slips but Some Firms Still Trying to Fill Positions –Nieves: Inflation Views Vary; Prices Paid Index Lower but Has Been in Growth Territory for Nearly 7 Years By Max Sato (MaceNews) – Business activity in the […]
White House and Other Schedules for Tuesday, March 5
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. economic data and Federal Reserve events: GUIDANCE AND PRESS SCHEDULE FOR TUESDAY, MARCH 5, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. After, the […]
Japan February Tokyo Core CPI Annual Rate Picks Up to 2.5% After Easing to 1.8% in January as Base Effect of Utility Subsidies Wanes
–Influx of Asian Visitors During Lunar New Year Holidays Also Boosts Hotel Fees–January Data Revised Up as New Data Collection Method for Overseas Package Tours Applied–Total CPI Annual Rate Accelerates to 2.6% from 1.8%–Core-Core CPI (Ex-Fresh Food, Energy) Y/Y Rise Slows to 3.1% from 3.3% By Max Sato (MaceNews) – Consumer inflation in Tokyo, the […]
White House and Other Schedules for Monday, March 3
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. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR MONDAY, MARCH 4, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]
US February ISM Manufacturing in Contraction for 16th Straight Month on Pullback in New Orders, Production Mainly due to Seasonal Adjustments
–ISM Manufacturing Index 47.8 Vs. 49.1 in January; Median Forecast 49.5–ISM’s Fiore: Index Likely to Rise Above Neutral Line of 50 in March or April–Fiore: Pandemic-era Seasonal Adjustments Causing Volatility in Subindexes By Max Sato (MaceNews) – U.S. manufacturing activity was in contraction territory for the 16th straight month in February, with the key index […]
White House and Other Schedules for Friday, March 1
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. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR FRIDAY, MARCH 1, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]
Japan January Jobless Rate Dips to Nearly 4-Year Low of 2.4% from Upwardly Revised 2.5% in December Amid Lower Job Cuts, Quits for Other Openings
–Employment Up on Year for 18th Straight Month, Led by Surge in Communications Jobs, Rises at Hotels, Restaurants, Factories By Max Sato (MaceNews) – Japanese payrolls posted an 18th straight rise on year amid lingering labor shortages at communications firms, hotels, restaurants and factories, while the unemployment rate fell to a nearly four-year low of […]
White House and Other Schedules for Thursday, Feb 29
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. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR THURSDAY, FEBRUARY 29, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. After, […]
Japan January Industrial Production Index Sinks to Over 3-Year Low, Hit by Toyota Group Daihatsu Motor Suspension Over Crash Test Scandal
–METI Survey: Factory Output Likely to Rise Moderately in February, Gain Further in March–METI Downgrades View: Output Has Weakened While Taking One Step Forward, One Step Back–METI To Keep Watching Effects of Global Growth, Auto Output Suspension By Max Sato (MaceNews) – Japan’s industrial production plunged 7.5% on the month in January, hit by suspended […]