Japan April CPI Jumps as Mobile Phone Fee Discount Effects Fade; Energy, Food Up
–Core CPI +2.1% Y/Y Largest in Over 13 Years If 2014 Sales Tax Hike Impact Excluded–Total CPI +2.5% Y/Y Largest in Over 30 Years Excluding Impact of 2014, 1997 Sales Tax Hikes–Energy Costs High but Easing; Household Durable Goods Prices Post 1st Y/Y Rise in 6 Months By Max Sato (MaceNews) – Consumer prices in […]
Powell Vows Fed Will ‘Keep Going’ Til ‘Clear And Convincing’ Evidence Inflation Falling
FOMC Will Hike ‘More Aggressively” if Inflation Doesn’t Cool Won’t Hesitate To Raise Funds Rate Beyond Neutral Unemployment May Have to Rise ‘A Few Ticks’; Landing May Have To Be ‘Softish’ By Steven K. Beckner (MaceNews) – Federal Reserve Chairman Jerome Powell vowed Tuesday the Fed will continue to raise interest rates until it sees […]
White House and Other Schedules for Monday, May 16
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, MAY 16, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Then, the President […]
Japan April Producer Inflation Hits Fresh 41-Year High of 10% on Crude Oil, Steel, Metals
–Japan April Producer Prices Also Jump 1.2% on Month on Naphtha, Fuel Oil–BOJ Sees Core CPI Temporarily Up at 2% in Fiscal 2022 But Not Anchored By Max Sato (MaceNews) – Producer inflation in Japan surged to a fresh 41-year high, hitting10% in April as the year-on-year increase in crude oil, steel products and non-ferrous […]
White House and Other Schedules for Thursday, May 12
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: DAILY GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, MAY 12, 2022 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval Office. This meeting […]
White House and Other Schedules for Wednesday, May 11
WASHINGTON (MaceNews)—The following are Wednesday’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 FORWEDNESDAY, MAY 11, 2022 In the morning, the President will travel to Chicago, Illinois. The departure from the South Lawn will be open press and pooled […]
White House and Other Schedules for Monday, May 9
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, MAY 9, 2022 In the morning, the President will return to the White House from Wilmington, Delaware. The departure from Delaware Air National […]
Japan April Tokyo CPI Jumps to Around 2% as Mobile Phone Charge Discount Base Effects Ease Off 
–BOJ Board Sees CPI Jump in FY22 as Temporary; FY23 CPI to Slip Back to 1% –Utilities, Food Prices Lead Inflation; Impact of Energy Market Spike Seen Fading Next Year –Energy Prices Post 1st Slowing in Current Y/Y Rise Phase; Govt Subsidies Capping Gasoline Markups By Max Sato (MaceNews) – The year-on-year rise in consumer […]
Bank of Canada Rogers: Need Higher Interest Rates, To Watch How Economy Responds
–Senior Deputy Governor Says BOC ‘Not on Autopilot’ in Rate Actions –Rogers: ‘We Have Tools, Committed to Getting Inflation Back to Target’ By Max Sato (MaceNews) – Interest rates in Canada need to rise further to stave off overheating from a “remarkably fast” recovery from the pandemic-caused slump but policymakers are “not on an autopilot” […]
FOMC Seems Sure to Go 50 Basis Points on May 4, but After That Rate Path Uncertain
By Steven K. Beckner (MaceNews) – It now seems all but guaranteed that the Federal Reserve will raise short-term interest rates for a second straight Federal Open Market Committee meeting in early May, but it is less certain what the Fed will do thereafter. With a 50 basis point hike in the federal funds rate on May 4 considered a foregone conclusion, the real […]