JAPAN JAN TOKYO CPI DROP EASES AS GOVT SUSPENDS HOTEL DISCOUNTS AMID SURGING COVID-19 CASES
— Lower energy prices remain key factor behind y/y fall in CPI By Max Sato (MaceNews) – Consumer prices in Tokyo, a leading indicator of the national average, made an unexpectedly large month-on-month rebound in January, as the government suspended discounts on leisure traveling amid surging new coronavirus cases, data from the Ministry of Internal […]
THURSDAY WASHINGTON SCHEDULES FROM MaceNews
WASHINGTON (MaceNews) – The following are Thursday’s public schedules for the White House, Treasury, the Senate and the House: THE WHITE HOUSE 9:00 AM EST In-Town Pool Call Time 9:45 AM The President and The Vice President receive the President’s Daily Brief Oval Office – Closed Press 1:30 PM The President signs executive actions strengthening […]
FED’S POWELL: PREMATURE TO TALK ABOUT EXIT FROM EASY MONETARY POLICY
By Steve Beckner –Vows Clear Communication Well Ahead of Any Tapering of QE–Downplays Concerns About Inflation, Asset Bubbles (MaceNews) – Federal Reserve Chairman Jerome Powell showed some impatience with talk of “exiting” from the Fed’s exceptionally easy monetary policies Wednesday and vowed to continue providing support to the economic recovery “until the job is done.” […]
FOMC: CONCENTRATES ON CONTINUING VIRUS ECONOMIC DAMAGE
(WASHINGTON (MaceNews) – The Federal Open Market Committee, while standing pat on all fronts as expected Wednesday, only intensified its emphasis on the continuing economic damage being imposed by the pandemic, despite the advent of vaccine inoculations. The following is the FOMC statement text: The Federal Reserve is committed to using its full range of […]
ITALY FACES UPHILL ROAD FOR A ‘THIRD’ CONTE GOVERNMENT; MAJORITY STILL WEAK – SOURCES
By Silvia Marchetti ROME (MaceNews) – Ruling coalition parties are confident there will likely be a ‘third’ government ruled by outgoing premier Giuseppe Conte who resigned Monday but they warn that forming a new, stable majority able to put an end to Italy’s ongoing political crisis and avoid the risk of an early vote will […]
WEDNESDAY WASHINGTON SCHEDULES
WASHINGTON (MaceNews) – The following are Wednesday’s public White House, Treasury, House and Senate schedules: White House Schedule 9:00 AMIn-Town Pool Call TimeThe White House – In-Town Pool 9:30 AMThe President and The Vice President receive the President’s Daily BriefOval Office – Closed Press 12:15 PMPress BriefingPress Briefing by Press Secretary Jen Psaki, Special Presidential […]
IMF’S WORLD ECONOMIC OUTLOOK: WORLD GROWTH REVISED +0.3 TO 5.5%
WASHINGTON (MaceNews) – The International Monetary Fund’s January update to its World Economic Outlook Tuesday saw world growth revised up 0.3 to 5.5%, fueled by a vaccine-propelled recovery. Last year’s performance benefited from a stronger than previously seen second half and it was revised up 0.9 to a contraction of 3.5%. U.S. growth was revised […]
STATUS CHECK COMMENTARY: HISTORY WAITS FOR TRUMP’S SENATE TRIAL
WASHINGTON (MaceNews) – The following is Monday’s status check of developments in the U.S. that can influence economic, health and political outcomes: • The few in the U.S. Senate chamber to hear Donald J. Trump be indicted at the end of the day were warned to be quiet while the charge was read -under pain […]
ECB’S LAGARDE: ASSET BUYING AS LIKELY TO EXCEED CURRENT ALLOCATION AS TO FALL SHORT
— ECB President Denies New Language Toward PEPP Programme Reflects More Hawkish Attitude By Laurie Laird LONDON (MaceNews) – ECB warnings that it may not expend all of its emergency bond buying do not represent a more hawkish outlook toward the eurozone recovery, according to Europe’s top central banker. The rate-setting Governing Council raised eyebrows […]
IFO: GERMAN BUSINESS CONFIDENCE DECLINES IN JANUARY ON CORONA
By Marco Babic ZURICH (MaceNews) – German business conditions started the year off on a negative note as the second wave of the COVID-19 pandemic pushed both current conditions and business expectations lower, the Munich-based Ifo Institute said in a report Monday. Ifo’s Business Climate Index for January fell to 90.1 in January from a […]