Category: Inflation

BOC Q2 Survey: Business Sentiment Dips for 2nd Straight Quarter on High Costs, Supply Delays

—Labour Shortages More Intense, Limiting Sales Growth; Wages Rising Fast  –Capex Plans Backed by Demand but May Slow Amid High Costs, Higher Rates –Consumer Survey Also Points to Higher Inflation, Uncertainty   By Max Sato (MaceNews) – Sentiment among companies in Canada declined for the second straight quarter in April-June, hit by rising costs and […]

White House and Other Schedules for Thursday, June 30

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:    COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, JUNE 30, 2022   In the morning, the President will attend and deliver remarks at the Meeting of the […]

Japan May CPI Annual Rate Remains Above 2% on Fuels, Food, Appliances      

By Max Sato –Core CPI +2.1% Y/Y for May, April Largest in Over 13 Years If 2014 Sales Tax Hike Impact Excluded–Total CPI +2.4% Y/Y for May, April Largest in Over 30 Years Excluding Impact of 2014, 1997 Sales Tax Hikes–Pace of Energy Price Rise Slower; Household Durable Goods Prices on Uptrend (MaceNews) – Consumer […]

<strong>Powell: Rates Must Rise To “Restrictive” Levels to Curb Demand, Inflation</strong>

– Still Hopes For ‘Soft Landing’ but Achieving It ‘More Challenging’ By Steven K. Beckner (MaceNews) – Federal Reserve Chair Jerome Powell said Wednesday that he and his fellow monetary policy-makers must continue to raise short-term interest rates into “restrictive” territory to validate financial market expectations and successfully fight inflation. Powell, testifying on the Fed’s […]

Italy Backs ‘Gradual, Flexible’ Monetary Policy Normalization, Urges ECB to Avoid ‘Hawkish’ Message – Italian Government Sources

By Silvia Marchetti ROME (MaceNews) – Italy is warning against a sudden unwinding of Eurozone monetary policy accommodation and calling for a ‘gradual’ but ‘flexible’ normalization process, according to ruling coalition sources. “It is a very delicate moment for the European Central Bank, and it is paramount to avoid having to exit and then re-enter […]

Analysis: BOJ Easing Stance Set in Stone, Abenomics Ghost Haunts Japan’s Policymaking

By Max Sato (MaceNews) – The latest message from Bank of Japan Governor Haruhiko Kuroda points to the bank’s long-term commitment to maintaining its monetary easing stance despite a rush of interest rate hikes by other central banks, as cyclical and structural issues are keeping Japan’s domestic demand sluggish and consumer prices relatively low. In […]

White House and Other Schedules for Tuesday, June 14

WASHINGTON (MaceNews) – The following are Tuesday’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 FORTUESDAY, JUNE 14, 2022  In the morning, the President will travel to Philadelphia, Pennsylvania. The departure from the South Lawn will be open […]

White House and Other Schedules for Monday, June 13

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, JUNE 13, 2022  In the morning, the President will return to the White House from Wilmington, Delaware. The departure from Wilmington, Delaware will […]

White House and Other Schedules for Friday, June 10

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:  Friday, June 10, 2022 The President will deliver remarks at the Port of Los Angeles. The President will host a leaders retreat and working luncheon with heads of state […]