ISM: US May Service Sector Activity in Expansion Territory for 5th Straight Month but Slower on Lower New Orders, Employment
–ISM’s Nieves: Employment Remains a Mixed Bag, Depending on Industries –Nieves: Firms See Slower Growth This Year but No Forecasts for Recession –Nieves: Prices Paid Stabilizing as Production, Deliveries Improving By Max Sato (MaceNews) – Business activity in the U.S. service sector was in positive territory for the fifth straight month in May but the […]
White House and Other Schedules for Monday, June 5
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 FORMONDAY, JUNE 5, 2023In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In […]
Italy’s PM Eyes Stronger US-Style Presidential System but Road Uphill
—Complex approval process ahead, potential referendum risky for Meloni By Silvia Marchetti ROME (MaceNews) – Italy’s rightist prime minister Giorgia Meloni wants to pass a key constitutional reform to boost powers of the head of government with the possibility of introducing a US-style direct election of the country’s leader, according to ruling coalition sources. It […]
White House and Other Schedules for Friday, June 2
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, JUNE 2, 2023 In the afternoon, the President will receive the President’s Daily Briefing. The Vice President will attend. This […]
US May ISM Manufacturing in Contraction for 7th Straight Month as New Orders Plunge on Uncertainty Over Timing of Recovery
–ISM’s Fiore Still Sees Main Index in 47 to 51 Range; Revenues Remain Strong but Future is Very Cloudy–Fiore Repeats: Firms Managing Output to Prepare for Pickup in Late Summer, Early Fall –Fiore: Comments from Some Firms Show There is Concern About Recession in 2024 By Max Sato (MaceNews) – U.S. manufacturing activity was in […]
White House and Other Schedules for Thursday, June 1
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, JUNE 1, 2023 In the morning, the President will deliver the commencement address at the United States Air Force Academy […]
Fed’s Beige Book Survey Sees Little Slowing With Consumption Higher In Most Districts
WASHINGTON (MaceNews) – The Federal Reserve’s Beige Book survey of economic conditions coast-to-coast Wednesday found little change overall, with consumption “steady or higher,” labor still tight, manufacturing “flat to up” and supply conditions continuing to improve. The survey, assembled by the Chicago Fed, was tempered by some downsides, saying “high inflation and the end of […]
White House and Other Schedules for Wednesday, May 31
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: DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, MAY 31, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Later, […]
Japan April Retail Sales Up on Year Led by Department Stores, Autos but at Slower Pace; Down on Month
–METI Keeps View: Retail Sales on Gradual Uptrend; 3-Month Moving Average Still Up on Month –Department Store Sales on Recovery Track, Auto Sales Improving Further –Demand for Cosmetics, Drugs Remains Solid; Sales of Appliances Stay Sluggish By Max Sato (MaceNews) – Japanese retail sales posted their 14th straight year-over-year increase in April amid a continued […]
Japan April Industrial Output Dips Unexpectedly on Weaker Demand for Production Equipment amid Global Slowdown
–METI Survey: Output Likely to Post 2nd Straight Dorp in May, Rise in June –METI Keeps View After Last Month’s Upgrade: Output Showing Gradual Pickup –METI Repeats: To Watch Effects of Parts Shortages, Inflation By Max Sato (MaceNews) – Japan’s industrial production unexpectedly fell on the month for the first drop in three months, hit […]