Japan April Industrial Output Slips on Dimmer Global Demand, Chinese Lockdowns
–METI Downgrades View: Factory Output Pausing Vs. Showing Signs of Pickup–METI Repeats: To Watch Effects of Pandemic, Parts Shortages, Inflation, Ukraine By Max Sato (MaceNews) – Japan’s industrial production posted the first month-on-month drop in three months in April as global reopening demand turned lower and Chinese Covid lockdowns caused further supply delays, preliminary data […]
Japan April Jobless Rate Edges Down to 2-Year Low; Payrolls Post 1st Y/Y Rise in 7 Months
–Number of Lost Jobs Down While More People Look for Other Openings–April Unemployment at 2.5% Lowest Since 2.4% in April 2020 By Max Sato (MaceNews) – Japanese payrolls rose from year-earlier levels for the first time in seven months in April as easing Covid restrictions prompted various service providers to hire more people, while the […]
Fed’s Waller Backs Hiking Funds Rate 50 bp At ‘Several Meetings’
Won’t Take 50 bp Hikes Off the Table Until Inflation Closer To 2% Wants Funds Rate Above Neutral By Year’s End To Curb Demand Market Expectations For 250 bp Tightening ‘Consistent’ With FOMC Plans Prepared To Do More If Inflation Stays ‘Stubbornly High’ Hopes Fed Can Curb Inflation Without Sharp Rise in Unemployment By Steven […]
White House and Other Schedules for Monday, Memorial Day
WASHINGTON (MaceNews) – The following are Monday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, MAY 30, 2022 In the morning, the President and the First Lady will return to the White House from Wilmington, […]
White House and Other Schedules for Saturday and Sunday
WASHINGTON (MaceNews) – The following are Saturday and Sunday schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORSATURDAY, MAY 28, 2022 In the morning, the President will deliver the Commencement address at his alma mater, the University of Delaware, for the Class of […]
White House and Other Schedules for Friday, May 27
WASHINGTON (MaceNews)—The following are Friday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORFRIDAY, MAY 27, 2022 In the morning, the President will travel to Annapolis, Maryland. The departure from the South Lawn will be open press and pooled […]
Japan May Tokyo CPI Y/Y Rise Around BOJ’s 2% Target but FY22 Uptick Seen Temporary
–May Tokyo CPI Annual Rate Highest in Nearly 3 Decades Excluding 2014, 1997 Sales Tax Hike Impact–Energy, Food Prices Lead Inflation; BOJ Sees Impact of Commodity Market Spike Fading in FY23–Gasoline Price Markups Smaller on Govt Subsidies; Utilities Costs High but Also Easing By Max Sato (MaceNews) – The year-on-year rise in consumer prices in […]
White House and Other Schedules for Thursday, May 26
WASHINGTON (MaceNews)—The following are Thursday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, MAY 26, 2022 In the afternoon, the President and the Vice President will receive the President’s Daily Brief in the Oval Office. This meeting will […]
FOMC Minutes Show Near-Term Policy Consensus, Longer Term Division
Officials Agreed Need to Move ‘Expeditiously’ To Neutral ‘Most’ Thought 50 bp Hikes in June, July Likely To Be Appropriate ‘Many’ Thought ‘Expediting’ Tightening Would Let Fed Assess Stance Later ‘Several’ Saw Challenge Restoring Price Stability With Strong Job Market ‘A Number’ Favored MBS Sales Once Balance Sheet Reduction Underway By Steven K. Beckner (MaceNews) […]
White House and Other Schedules for Wednesday, May 25
WASHINGTON (MaceNews)—The following are Wednesday schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, MAY 25, 2022 In the afternoon, the President will receive the President’s Daily Brief. This meeting will be closed press. Then, the President will […]