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 […]
<strong>FOMC Minutes: Sentiment for 50 bp Rate Hike Deferred Due to Ukraine Concerns</strong><strong></strong>
– Future 50 BP Hikes Apt To Be On The Table – FOMC Made Ready For Balance Sheet Reduction With Expanded Caps By Steven K. Beckner (MaceNews) – Federal Reserve officials leaned heavily toward further increases in short-term interest rates at their mid-March Federal Open Market Committee meeting, but conditioned the size and pace of […]
ISM: US March Service Sector Activity Picks Up on Easing Covid Rules But Headwinds Remain 
–ISM: US Service Providers Continue Facing Surging Costs, Supply Bottlenecks –ISM’s Nieves: Fed Has to Tighten To Keep Inflation From Hurting Economy –ISM: Supply Delivery Delays Ease in March; Inventories Up but Still Too Low –ISM: War in Ukraine Pushing Up Prices, Creating Uncertainty for Many Firms By Max Sato (MaceNews) – US service sector […]
<strong>Bank of Canada to ‘Act Forcefully’ to Tame Inflation: Deputy Governor Kozicki </strong>
By Max Sato (MaceNews) – Bank of Canada Deputy Governor Sharon Kozicki on Friday stressed that the bank’s is determined to fight inflation with more actions “forcefully,” following its first rate hike in over three years in March, and ahead of its April 13 policy decision. “We have taken action and will continue to do […]
<strong>Japan Govt Sees Economic Pickup Signs, Warns of Downside Risks from Inflation, Markets, War </strong>
By Max Sato (MaceNews) – Japan’s government Friday maintained its overview that the economy is showing signs of a pickup amid some soft spots as Covid cases appear to have peaked, but also warned that rising prices, volatile financial markets, and the war in Ukraine could heighten downside risks, according to its monthly report released […]
BOJ January Meeting Minutes: Must See Underlying CPI Trend Amid Pickup on Rising Costs
By Max Sato (MaceNews) – Bank of Japan policy board members argued that the central bank must capture the underlying trend in consumer inflation, with a focus on slow wage hikes, even though its annual rate may come close to the bank’s 2% target temporarily as energy and commodities prices rise and the base effects […]
Cleveland Fed’s Mester Favors Hiking Funds Rate to 2.5% This Year; More in ‘23
– Probably Need to Hike by 50 BP at Some Point; Shouldn’t Be Off the Table – Upside Inflation Risks Outweigh Downside Growth Risks From Ukraine War – Must Be Willing to Adjust Policy; Go Slower on Rate Hikes If Inflation Moderates By Steven K. Beckner (MaceNews) – Cleveland Federal Reserve Bank President Loretta Mester […]
BOJ Keeps Easing Stance, To Trim Commercial Paper, Corporate Bond Buying to Pre-Pandemic Levels
–BOJ Vows to Keep Monetary Support Until 2% Inflation Achieved –Japan Economy Likely to Recover Despite Surging Commodities Prices –‘Extremely High Uncertainties’ Over Ukraine Impact on Japan Via Prices, Markets, Global Demand By Max Sato (MaceNews) – The Bank of Japan said Friday it is maintaining its interest rate targets and main asset purchase program […]
Japan February CPI Back on Gradual Rising Path, Led by Energy, Food
–Both Core and Total CPI Measures Mark 6th Straight Y/Y Gains –Utilities Continue Pushing Up Energy; Durable Goods on Downtrend –Hotel Fees Pick Up in February After Base Effects Fade in January –CPI Could Come Under Pressure Again If Govt Resumes Travel Subsidies By Max Sato (MaceNews) – Core and total consumer prices in Japan […]