Bank of Canada’s Rogers: Long Way to Go Before High Inflation Returns to Target
–Senior Deputy Governor: To Keep High Inflation from Becoming Entrenched–Rogers: Some Early Signs of Rate Hikes Working, As in Housing Market Pullback–Rogers: Canadian Economy Strong, Can Cool and Stay in Positive Territory –Rogers: Higher Rates Are Adding Burden to Canadians but Need to Bring Inflation Down By Max Sato (MaceNews) – The Bank of Canada’s […]
Bank of Canada Expected to Lift Key Rate by 75 Bps in Front-Loading Move to Fight Inflation
By Max Sato (MaceNews) – The Bank of Canada is widely expected to raise its policy interest rate — the target for overnight lending rates — by 75 basis points to 3.25% on Wednesday as part of its front-loading credit tightening drive to bring down decades-high inflation above 7% to its 2% target. The move […]
ISM: US August Service Sector Growth Slightly Higher on New Orders, Jobs, Easing Supply Bottlenecks 
–ISM’s Nieves: Port Congestion Has Eased but Unloading Taking Time–ISM’s Nieves: Firms Still Face Price Pressures but Inflation Peaking –ISM’s Nieves: China Factory Shutdown Amid Covid Restrictions Affecting US Imports By Max Sato (MaceNews) – US service sector growth accelerated slightly in August on higher new orders, improving employment and easing supply constraints, after […]
Williams: Funds Rate ‘Quite a Ways’ From Needed ‘Restrictive’ Stance
Size of Sept. 21 Rate Hike Will Depend on ‘Totality of The Data’ Funds Rate Likely Needs To Go Above 3.5% Next Year Throws Cold Water On Talk Of 2023 Rate Cuts By Steven K. Beckner (MaceNews) – New York Federal Reserve Bank President John Williams said Tuesday that short-term interest rates are “quite a […]
Atl Fed’s Bostic: Fed Will Keep Moving Expeditiously’ to Cut Inflation
–FOMC Must Guard Against Too Little, Too Much Tightening–Rates Must Become Restrictive to Bring Down Inflation By Steven K. Beckner (MaceNews) – Atlanta Federal Reserve Bank President Raphael Bostic said Tuesday that the Fed needs to keep raising interest rates “expeditiously” into a “restrictive” stance to reduce inflation, but he warned against raising rates too […]
Fed’s Powell Vows To Battle Inflation With ‘Restrictive’ Rates ‘Until Job Is Done’
No Clear Signal on Size of Sept. 21 Rate Hike; ‘Unusually Large” Move Possible Policy Will Need to Stay Restrictive ‘For Some Time,’ Involve Some ‘Pain’ By Steven K. Beckner (MaceNews) – Federal Reserve Chairman Jerome Powell Friday strongly reaffirmed the Fed’scommitment to bringing down inflation Friday, vowing to move monetary policy into a “restrictive”posture […]
Japan August Tokyo CPI Jumps on Utilities, Food, Hotels on High Producer Costs, Reopening Demand 
–Electricity Leads Higher Energy Bills; Gasoline Price Rise Continues to Shrink –Core CPI +2.6% Y/Y Hits 30-Year High Excluding 2014, 1997 Sales Tax Hikes –Total CPI +2.9% Y/Y Over 30-Year High Excluding Sales Tax Hikes’ Direct Impact –BOJ to Keep Easing Stance Until Stable 2% Inflation Anchored with Real Wage Gains By Max Sato (MaceNews) […]
Japan July Core, Total CPI Annual Rates Stay Above 2% on High Food, Utilities Costs 
–Core CPI +2.4% Y/Y Largest in 14 Years Excluding 2014 Sales Tax Hike Impact–Total CPI +2.6% Y/Y Remains Fastest in Over 30 Years, Excluding Direct Impact of 2014, 1997 Sales Tax Hikes –Gasoline Price Rise Slower on Govt Subsidies, Easing Crude Oil Market By Max Sato (MaceNews) – Consumer inflation in Japan continued moving up […]
FOMC Minutes: Officials Eyed ‘Downside’ Growth Risks, ‘Upside’ Inflation Risks
– Policy Focus Remained on Curbing Inflation, But ‘Many’ Warned of Overdoing It – No Clear Signal from Minutes On Size of Sept. 21 Rate Hike By Steven K. Beckner (MaceNews) – Federal Reserve officials continued to tilt toward a tighter monetary policy at their late July Federal Open Market Committee meeting, but while they […]
BofA Global Research Fund Manager Survey: Investors Hopeful Inflation/Rate Shocks to Dissipate Soon
-Investors Stay Watchful For Recession By Vicki Schmelzer NEW YORK (MaceNews) – Global investors polled in August were hopeful that inflation and rate shocks will dissipate in the coming quarters, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. At the same time, investors remained on high alert for recession, […]