Bank of Canada Seen Keeping Policy Rate at 5% This Week Amid Dim Business Outlook, Easing Inflation
By Max Sato (MaceNews) – The Bank of Canada is widely expected to hold interest rates steady in Wednesday’s policy announcement in light of weak business survey results and slightly easing price pressures, but given some resilience in the labor market and the uncertain inflation outlook, the bank may not be done with tightening that […]
Fed’s Beige Book Finds Stalled Economy, With Little Change and Modest Price Increases
WASHINGTON (MaceNews) – The string of typical assessments of modest to moderate expansion for the Federal Reserve’s Beige Book survey of coast-to-cast economic conditions came to an end Wednesday with a new finding of “little to no change” while a less tight labor market generated less ebullient wage growth. The report to be reviewed in […]
White House and Other Schedules for Thursday, Oct 12
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 SCHEDULEFOR THURSDAY, OCTOBER 12, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In […]
White House and Other Schedules for Wednesday, Oct 11
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 SCHEDULEFOR WEDNESDAY, OCTOBER 11, 2023 In the morning, the President will deliver remarks announcing new actions to protect consumers from hidden junk […]
Fed Vice-Chair Jefferson: Inflation Too High but Fed ‘Should Proceed Carefully’
– Jefferson: Must Be Mindful of Downside Risks; Tighter Financial Conditions – Dallas Fed’s Logan: Must Stay Restrictive to Cut Inflation ‘In Timely Way’ By Steven K. Beckner (MaceNews) – Federal Reserve Vice Chair Phillip Jefferson declined Monday to conclude that the Fed has raised interest rates enough but said it should be careful to […]
White House and Other Schedules for Friday, Sept 29
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 SCHEDULEFOR FRIDAY, SEPTEMBER 29, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]
Japan September Tokyo Core CPI Annual Rate Eases to 14-Month Low of 2.5% in August as Utility Costs Slump, Processed Food Prices Show Signs of Easing
–Processed Food Prices Continue to Lead Consumer Inflation, Pushing Up CPI Annual Rate by Nearly 2 Percentage Points –Total CPI Annual Rate Also Moderates to 12-Month Low of 2.8% from 2.9% in August after Hitting 41-Year High of 4.4% in January –Core-Core CPI (Ex-Fresh Food, Energy) Annual Rate Eases to 3.8% from 41-Year High of […]
White House and Other Schedules for Thursday, Sept 14
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 SCHEDULEFOR THURSDAY, SEPTEMBER 14, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]
White House and Other Schedules for Wednesday, Sept 13
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 FOR WEDNESDAY, SEPTEMBER 13, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]
Japan August Producer Inflation Eases Further 3.2% Y/Y from July’s 3.4% on Utility Subsidies, Plunging Lumber Prices
–Producer Prices Post 2nd Straight M/M Rise on Higher Fuel Costs, Sustained Rebound in Non-Ferrous Metals –August’s 3.2% Y/Y Rise Stays Lowest Since 1.0% in March 2021 –December 2022’s 10.6% Surge Remains Highest in 42 Years By Max Sato (MaceNews) – Producer inflation in Japan eased for the eighth straight month in August, staying at […]