Japan Q2 GDP Surge Revised Down on Weaker Capex, Consumption, Public Works but Still Highest Among G7
–Q2’s Growth Led by Sharp Net Export Rebound Amid Falling Import Costs; Consumption, Capex Down –Q3 GDP Rise Seen Slowing but Supported by Consumer Spending on Services By Max Sato (MaceNews) – Japan’s strong economic growth led by a sharp rebound in net exports amid easing import costs in the April-June quarter was revised down […]
Bank of Canada Governor Macklem: Ready to Tighten Further If Needed as Inflation above 3% Still Too High for 2% Target
–Macklem: Too Early to Discuss Lowering Interest Rates–Macklem: Could Start Easing if Conditions Met but ‘We Are Not There Yet’–Macklem: Policy Decisions are Getting Difficult, Aware Canadians Feeling Pain of Higher Rates By Max Sato (MaceNews) – Bank of Canada Governor Tiff Macklem said Thursday that the bank’s policymakers are prepared to raise interest rates […]
White House and Other Schedules for Thursday, Sept 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: COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, SEPTEMBER 7, 2023 – MONDAY, SEPTEMBER 11, 2023 In the morning, the President will receive the President’s Daily […]
Fed’s Beige Book Survey Finds Modest Expansion in Eight of Twelve Districts; Hiring Slows
WASHINGTON (MaceNews) – The Federal Reserve’s latest Beige Book survey of coast-to-coast economic conditions Wednesday found slower hiring, expanded auto sales, less prices growth that amounted to “modest” expansion in most Fed districts. _ The tone of the report, assembled by the Kansas City Fed, seemed less dynamic than those in the recent past, somewhat […]
ISM: US August Service Sector Activity in Expansion Territory for 8th Straight Month; Main Index Jumps on Broad-Based Growth, Led by Employment
–ISM’s Nieves: Geopolitical Risks Remain but US Economy Better Than Others –Nieves: US Services Sector Set for Further Pickup for Rest of 2023–Nieves: Inflation Picture Different from Last Year as Supply Has Improved By Max Sato (MaceNews) – Business activity in the U.S. service sector was in positive territory for the eighth straight month […]
Preview: Japan Q2 GDP Surge Seen Revised Down on Weaker Capex, Public Works Spending
–Q2 GDP Growth Still High, Led by Sharp Net Export Rebound Amid Falling Import Costs; Consumption, Capex Down –Q3 GDP Rise Expected to Slow but Supported by Consumer Spending on Services By Max Sato (MaceNews) – Japan’s strong economic growth led by a sharp rebound in net exports amid easing import costs in the April-June […]
Bank of Canada Keeps Policy Rate at 22-Year High of 5% After Surprise Contraction in Q2 GDP but Keeps Door Open for Further Tightening
–Governing Council Remains Concerned About Sticky Underlying Inflationary Pressures, Prepared to Hike Policy Rate further if needed By Max Sato (MaceNews) – The Bank of Canada on Wednesday maintained its policy interest rate – the target for overnight lending rates – at a 22-year high of 5.0% on Wednesday after two consecutive rate hikes in […]
White House and Other Schedules for Wednesday, Sept 6
WASHINGTON (MaceNews) – The following are Wedesday’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 WEDNESDAY, SEPTEMBER 6, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]
Preview: Bank of Canada Expected to Keep Policy Rate at 5% Wednesday after Weak Q2 GDP Data
By Max Sato (MaceNews) – The Bank of Canada is expected to leave its policy interest rate at a 22-year high 5.0% on Wednesday after raising it by 25 basis points each in June and July in the wake of weak second quarter GDP data, but the outlook remains uncertain as to whether the bank […]
White House and Other Schedules for Tuesday, Sept 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: DAILY GUIDANCE AND PRESS SCHEDULE FOR TUESDAY, SEPTEMBER 5, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting in the Oval Office […]