Category: Inflation

<strong>White House and Other Schedules for Friday, Dec 9</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. data and Federal Reserve events:  DAILY GUIDANCE AND PRESS SCHEDULE FOR FRIDAY, DECEMBER 9, 2022  In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In-Town […]

Bank of Canada Lifts Key Rate by 50 Bps to 4.25%, Signals End of Aggressive Tightening

–BOC: Governing Council to Mull If Rates Need to Rise Further Vs. Oct. View Rates Need to Rise Further –BOC Repeats: Canadian Economy in Excess Demand, Labor Markets Tight –BOC: Inflation Too High; 3-Month Core Measures Indicate Easing Price Pressures By Max Sato (MaceNews) – The Bank of Canada on Wednesday raised its policy interest […]

<a href="https://craft.macenews.com/admin/entries/stories/49095-feds-powell-slower-pace-of-rate-hikes-coming-but-fed-has-more-to-do">Fed’s Powell: Slower Pace of Rate Hikes Coming, But Fed Has More To Do</a>

By Steven K. Beckner (MaceNews) – Federal Reserve Chairman Jerome Powell said Wednesday the Fed will be slowing the pace of interest rate hikes as soon as the mid-December meeting of the Fed’s policymaking Federal Open Market Committee, but made clear a slowing does not mean that the FOMC will soon stop raising rates, much […]

Fed’s Beige Book Survey Takes Negative Turn; Seven Districts Flat or Down

WASHINGTON (MaceNews) – After years of readings of “modest to moderate” expansion, the latest Federal Reserve Beige Book survey of economic conditions coast to coast Wednesday assumed a negative cast, with a majority of Fed regional banks reported no expansion or declines. “Interest rates and inflation continued to weigh on activity” the survey found. Consumers […]

<strong>Japan October Retail Sales Keep Solid Y/Y Gain on Eased Covid Rules; Nearly Flat M/M on Price Hikes </strong>

–METI Keeps View After Recent Upgrade: Retail Sales Picking Up –Department Store Sales on Recovery Track but Still Below Pre-Pandemic Levels –Demand for Cosmetics, Drugs Remains Strong; Auto Sales Picking Up  By Max Sato (MaceNews) – Japanese retail sales posted their eighth straight year-on-year increase in October, led by wide-ranging price hikes, but lower Covid […]

FOMC Minutes See Participants Acknowledge Possible Need to Slow Pace of Tightening

WASHINGTON (MaceNews) – Wednesday’s minutes of the latest Federal Open Market Committee meeting contained several references to a possibility the pace of rate hikes could soon slow while emphasizing the more important consideration is the still unspecified ultimate terminal rate. The less-hawkish-than expected minutes turned U.S. stock markets from mild negatives to moderate positives, at […]

<strong>Japan October Core CPI Surges 3.6% Y/Y to Hit 40-Year High on Food Markups, Mobile Communications Fee Rebound </strong>

–Processed Food Now Largest Inflation Factor as Energy’s Contribution Shrinks  –Core CPI (Ex-Fresh Food) Y/Y Rise Highest Since +3.6% in February 1982 With or Without Sales Tax Hike Impact –Core-Core CPI (Ex-Fresh Food, Energy) +2.5% Y/Y, 30-Year High Excluding Impact of 2014, 1997 Sales Tax Hikes –Total CPI Jumps 3.7% Y/Y, 31-Year High Excluding Effects […]

White House and Other Schedules for Tuesday, Nov 15

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. data and Federal Reserve events: COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FORTUESDAY, NOVEMBER 15, 2022 – THURSDAY, NOVEMBER 17, 2022 Tuesday, November 15, 2022 In the morning, the President will be welcomed by […]