Preview: Japan Q4 GDP to Be Revised Up to Growth from 2nd Straight Contraction After MOF Data Shows Robust Capex but Consumption Remains Sluggish
–Q4 Growth to Be Led by Sharp Upward Revision to Business Investment from Slight Drop–Net Exports Rebound Seen Intact, Public Works May See Sharper Decline–Q1 GDP Growth Expected to Be Weaker as Inflation Keeps Real Wages Down, Labor Shortages Linger By Max Sato (MaceNews) – Japan’s economy likely averted a second straight quarterly drop in […]
White House and Other Schedules for Friday, March 8
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 FORFRIDAY, MARCH 8, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In the […]
Japan January Household Spending Posts 11th Straight Y/Y Drop as Vehicle Purchases Slip After Recent Rebound, Consumers Remain Frugal
–Home Maintenance, Repairs Also Down; Pent-Up Demand for Travel Wanes–Eating Out Continues Growing; Tuition, Medical Costs Also Rise on Year–Real Household Income Posts 16th Straight Y/Y Drop on Elevated Costs but Up in Nominal Terms By Max Sato (MaceNews) – Japan’s real household spending posted its 11th straight drop on the year in January, down […]
As Foreign Investors Shun Italian Bonds, Domestic Retail Investors Increasingly Buying Public Debt – Sources
By Silvia Marchetti ROME (MaceNews) – Italian business lobbies and Democrat opposition forces voiced concern over foreign investors avoiding Italian bonds, though this is increasingly being counterbalanced by a rise in retail-only securities which is shielding Italy’s soaring public debt. “The Italian debt in the portfolio of foreign investors dropped from EUR 685 billion in […]
White House and Other Schedules for Thursday, March 7
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 FORTHURSDAY, MARCH 7, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In the […]
Fed’s Beige Book Finds Only One Fed District Where Activity Slightly Declined
WASHINGTON (MaceNews) – The Federal Reserve’s latest Beige Book summary of economic activity coast to coast found only one District’s economic activity declined while the rest showed a slight increase or no change. The survey is prepared for review by the Federal Open Market Committee at its next meeting at the end of the month […]
Bank of Canada Keeps Policy Rate at 5% for 5th Straight Meeting as Officials Seek Further Easing in Inflation
–Governing Council Still Concerned About Inflationary Risks, Particularly Persistent Underlying Price Pressures –Some Signs that Wage Pressures in Canada Are Easing –Governor Macklem: Too Early to Consider a Rate Cut; Clear Consensus Time is Not Now By Max Sato (MaceNews) – The Bank of Canada on Wednesday maintained its policy interest rate — the […]
White House and Other Schedules for Wednesday, March 6
WASHINGTON (MaceNews) – The following are Wednesday’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 WEDNESDAY, MARCH 6, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In-Town PoolWires: […]
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 […]