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 […]
Japan Upgrades Economic View as Easing Covid Impact Supports Spending; Uncertainty Remains
By Max Sato (MaceNews) – Japan’s government Thursday upgraded its overview for the first time in four months as the drag from an Omicron-led spike in coronavirus cases is easing to support consumption despite surging food and energy prices and uncertainty over the war in Ukraine, according to its monthly report released by the Cabinet […]
White House and Other Schedules for Thursday, April 21
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, APRIL 21, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Then, the President will […]
Fed’s Beige Bk: ‘Robust’ Growth in KC District; Dallas at ‘Faster Clip; Otherwise ‘Moderate’
WASHINGTON (MaceNews) – The Federal Reserve’s Beige Book survey of economic activity across the country, to be reviewed in the next Federal Open Market Committee in early May, Wednesday saw only “moderate” expansion in 10 Fed districts accompanied by better performance in the Kansas City and Dallas districts. The survey, assembled by the Minneapolis Fed, […]
White House and Other Schedules for Wednesday, April 13
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, APRIL 13, 2022 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval Office. […]
BofA Global Research Fund Manager Survey: Global Recession Top Tail Risk in April
By Vicki Schmelzer NEW YORK (MaceNews) – Global recession became the top “tail risk” for world investors in April, according to BofA Global Research’s monthly fund manager survey, released Tuesday. Recession concerns overshadowed other fears including “hawkish central banks” and “Russia-Ukraine conflict” and clouded the investment outlook, the survey said. In April, a net 71% […]
White House and Other Schedules for Tuesday, April 12
WASHINGTON (MaceNews)—The following are Tuesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, APRIL 12, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Then, the […]
Japan Economic Sentiment Picks Up in March but Uncertainty Lingers Over Costs, Ukraine
By Max Sato (MaceNews) – Japanese data and anecdotal evidence are pointing to a resilient economy after the number of Covid cases peaked in February, but households and business continued to face rising costs and uncertainty over the pandemic and geopolitical risks after an expected slump in the first quarter. Economic confidence in Japan partially […]