FOMC Leaves ‘Ongoing Increases’ Appropriate in Statement on Quarter Point Hike
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday raises the federal funds rate by a quarter point to as high as 4.75% as expected, signaling it’s series of tightening moves is not yet complete. The policy statement repeated the key sentence, “The Committee anticipates that ongoing increases in the target range will be appropriate […]
<strong>US January ISM Manufacturing Remains in Contraction on Lower New Orders, Output</strong>
–ISM’s Fiore: May Have Turned Corner on Soft Orders; Expect Pickup in 2nd Half of 2023 –Fiore: Firms Keeping Headcounts to Prepare for Recovery in 2nd Half –Fiore: Manufacturing Relies on Domestic Demand but Firmer China Demand Positive By Max Sato (MaceNews) – U.S. manufacturing activity was in contraction territory for the third straight month […]
<strong>White House and Other Schedules for Tuesday, Jan 31</strong>
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, JANUARY 31, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]
<a href="https://craft.macenews.com/admin/entries/stories/52434-december-jobless-rate-stays-at-2-5-y-y-job-creation-continues-on-tourism-support-program">December Jobless Rate Stays at 2.5%; Y/Y Job Creation Continues on Tourism Support Program</a>
–Fewer Job Losses on Month but Number of People Who Start Looking for Work Rebounds, Keeping Unemployment Steady–Employment Growth Posts 5th Y/Y Straight Gain, Let by Hotels, Restaurants–Unemployed Marks 18th Straight Y/Y Drop; Now Below January 2020 Level (MaceNews) – Japan payrolls posted their fifth straight year-over-year growth in December as the tourism industry continued […]
Japan December Retail Sales Post Solid Gain; Freezing Weather Boosts Clothing Demand
–METI Keeps View: Retail Sales Picking Up; Sales Rebound on Month–Retail Sales Continue Rising Q/Q in Q4, Annual Pace Accelerates in 2022–Department Store Sales on Recovery Track, Shrinking Drop from Pre-Pandemic Levels–Demand for Cosmetics, Drugs Remains Strong; Auto Sales Dip After Recent Pickup By Max Satp (MaceNews) – Japanese retail sales posted the 10th straight […]
Japan December Industrial Output Nearly Flat on Slower Global Demand; Decline Smaller Than Expected
–METI Survey: Output Likely to Slump in January, Rebound in February–METI Keeps View After 2nd Straight Downgrade: Output Has Weakened–METI Repeats: To Watch Effects of a Rise in Covid Cases, Parts Shortages, Inflation By Max Sato (MaceNews) – Japan’s industrial production was nearly flat in December on cooling global demand, but down by a smaller-than-expected […]
Italy Faces Showdown on ESM Reform; Financial Stability Risks Ahead
– Market volatility set to rise, ruling parties at odds – EZ banking union progress could come to a halt By Silvia Marchetti ROME (MaceNews) – The rising prospect that Italy will reject proposed reform of the European Stability Mechanism could raise new doubts about European integration and the stability of the ruling center-right coalition. Sources from […]
<strong>White House and Other Schedules for Monday, Jan 30</strong>
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, JANUARY 30, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In […]
<strong>White House and Other Schedules for Friday, Jan 27</strong>
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, JANUARY 27, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In […]
<strong>Japan December Tokyo Core CPI Up 4.3% Y/Y, A Fresh 41-Year High on Soaring City Gas Charges, Smaller Hotel Fee Drop</strong>
–Total CPI Jumps 4.4% Y/Y, Highest in Over 41 Years With or Without Effects of 2014, 1997 Sales Tax Hikes –Narrow CPI (Ex-Fresh Food, Energy) Also Surges 3.0%, More Than 30-Year High By Max Sato (MaceNews) – Consumer prices in Tokyo, the leading indicator of the national average, continued their relentless surge above 4% in […]