Japan Oct Retail Sales Rebound on Fuel Price Spike, Eased Covid Restrictions
By Max Sato (MaceNews) – Japanese retail sales posted the first year-on-year rise in three months in October as fuel prices continued going up and the government lifted its Covid-19 state of emergency restrictions on Oct. 1, data released Monday by the Ministry of Economy, Trade and Industry showed. The METI maintained its assessment that […]
Text of Pres Biden’s Announcement of Omicron Restrictions On Travel From SAfrica, 7 Other Countries
WASHINGTON (MaceNews) – The following is the text of President Biden’s announcement Friday of Omicron restrictions on travel from South Africa and seven other countries: Statement by President Joe Biden on the Omicron COVID-19 Variant This morning I was briefed by my chief medical advisor, Dr. Tony Fauci, and the members of our COVID response […]
Japan Nov Tokyo CPI Y/Y Rise Hits 16-Month High on Surging Energy, Food
— Utility Charges Following Lead of Soaring Gasoline, Heating Oil Costs— CPI Remains Under Pressure From Mobile Communication Fee Discounts By Max Sato (MaceNews) – The year-on-year rise in the core reading of consumer prices in Tokyo, the leading indicator of the national average, accelerated in November amid double-digit percentage gains in utility and fuel […]
Japan Govt Still Sees Economic Pickup But Notes Slower Exports, Output
By Max Sato (MaceNews) – Japan’s government Thursday maintained its economic overview but pointed to a mixed bag of data showing a pickup in consumption on eased Covid restrictions against flat exports and stalling recovery in factory output amid protracted supply bottlenecks, according to its monthly report released by the Cabinet Office. The government said […]
FOMC Minutes: No Wage-Price Spiral But Ready to Accelerate Taper if Inflation More Persistent, Aggressive
WASHINGTON (MaceNews) – The minutes of the Nov 2-3 Federal Open Market Committee meeting released Wednesday repeated familiar themes about pandemic-caused inflation factors, labor supply issues and so far, the absence of a wage-price spiral. Members advocated contninued vigilance about the intensity of price pressures. Fears that inflation expectations were being elevated beyond previous ranges […]
Transcript: Wht Hse Offl’s Brief Reports on Release from SPR
WASHINGTON (MaceNews) – The following is the White House transcript of the teleconference providing reporters with information about the announcement of a pending release of 50 million barrels of oil from the Strategic Petroleum Reserve, in coordination with some other countries: Background Press Call by Senior Administration Officials on Oil and Gas Prices Via Teleconference […]
Text of Joint Announcement by Regulators on Bank Handling of Crypto Assets
WASHINGTON (MaceNews) – The following is the text of the joint announcement of the Federal Reserve, FDIC and OCC on future regulatory work on bank handling of crypto assets: Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency November 23, 2021 Joint Statement on Crypto-Asset Policy Sprint […]
Text of Pres Biden’s Announcement of 50 Mln Bls Release from SPR
WASHINGTON (MaceNews) – The following is the text of the White House announcement Tuesday morning that the president is authorizing the release of 50 million barrels of oil from the Strategic Petroleum Reserve in coordination with China, India, Japan, South Korea and the UK: President Biden Announces Release from the Strategic Petroleum Reserve As Part […]
Text of President Biden’s Announcement of Intent to Nominate Powell to Again be Fed Chair, and Brainard as Vice Chair
WASHIINGTON (MaceNews) – The following is the text of Monday morning’s announcement by President Biden that he intends to nominate Jay Powell for another term as Federal Reserve chair, with Lael Brainard vice chair. Both intended nominees will appear with the president at 1:20 p.m. ET for remarks: Today, President Biden announced his intent to […]
Fed’s Waller Favors ‘Faster’ Pace of ‘Tapering,’ Earlier ‘Liftoff’ Given Inflation
— If Speed Tapering in January; Could Raise Funds rate in Second Quarter By Steven K. Beckner (MaceNews) – Federal Reserve Governor Christopher Waller said Friday he is leaning toward a “faster” pace of “tapering” Fed asset purchases, and he suggested he would also favor a relatively early “liftoff” of the federal funds rate from […]