<strong>White House and Other Schedules for Wednesday, Feb 1</strong>
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, FEBRUARY 1, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]
<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. […]
<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 […]
<strong>Bank of Canada Hikes Key Rate by 25 Bps to 4.50%, as Expected; To Hold Policy if Economy Moves as Forecast</strong>
–BOC Changes Stance from December View of Mulling If Rates Need to Rise Further –BOC Repeats: Canadian Economy in Excess Demand, Labor Markets Tight –BOC Revises Down 2023 CPI Forecast, Sees Modest GDP Growth By Max Sato (MaceNews) – The Bank of Canada on Wednesday raised its policy interest rate — the target for overnight […]
<a href="https://craft.macenews.com/admin/entries/stories/52087-bank-of-canada-expected-to-lift-key-rate-by-25-bps-then-pause-this-year-as-inflation-continues-easing">Bank of Canada Expected to Lift Key Rate by 25 Bps, then Pause This Year as Inflation Continues Easing</a>
By Max Sato (MaceNews) – The Bank of Canada is widely expected by economists to slow the pace of its tightening, raising its short-term interest rate target by 25 basis points to 4.50% on Wednesday after conducting more aggressive hikes in 2022, then take a pause for the rest of the year as inflation eases […]
Fed’s Brainard: Slower Rate Hike Pace Lets FOMC ‘Probe’ For ‘Sufficiently Restrictive’ Level
By Steven K. Beckner (MaceNews) – Federal Reserve Vice Chairman Lael Brainard said Thursday that a slower pace of monetary tightening will allow the Fed to “probe for” a level of interest rates that is “sufficiently restrictive” to bring down inflation, while keeping an eye on divergent economic risks in a highly uncertain environment. Brainard, […]
<strong>BOJ Keeps Easing Stance Amid Slowing Global Growth, Expects Cost-Push Inflation to Lose Steam in FY23</strong>
–Board Sees 3% Core CPI Rise in FY22 to Slow to 1.6% in FY23, 1.8% in FY24 –Board Revises Down GDP Forecasts to 1.9% in FY22, 1.7% in FY23, 1.1% in FY24 By Max Sato (MaceNews) – The Bank of Japan said Wednesday its policy board decided unanimously to maintain its basic monetary easing stance, […]
<strong>White House and Other Schedules for Wednesday, Jan 18</strong>
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. data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR WEDNESDAY, JANUARY 18, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In-Town […]
Japan December Producer Inflation Remains Elevated as Utilities Up Over 50% Y/Y, Steel, Paper Still Costly
By Max Sato –Annual Rate +10.3% in September 2022 Remains Highest in 41 Years–Weak Yen Continues Boosting Import Costs for Producers but at Slower Pace Amid Recent Dollar Pullback (MaceNews) – Producer inflation in Japan popped above 10% in December as utility charges stood over 50% above year-earlier levels and firms continued passing higher costs […]
Analysis: The CPI Conundrum – Smaller Rate Hikes Don’t Mean a Lower Terminal Rate
By Denny Gulino WASHINGTON (MaceNews) – The latest Consumer Price Index figures – suggesting a further softening of the inflation threat, rekindled hopes for a Federal Reserve pivot – hopes at odds with clearly stated Fed intentions to do no such thing. Good news for used cars, energy and some other categories came up against […]