Japan Govt Sees Slower Economic Pickup Amid Disrupted Supply Chains, Pandemic Spike
— Consumption, Factory Output Downgraded While Exports on Track By Max Sato (MaceNews) – Japan’s government Thursday provided a more cautious view of the recent pickup in the domestic economy, saying its pace is slowing in the face of global supply chain disruptions and a surge in coronavirus cases, according to its monthly report released […]
US Data Preview Commentary: CPI, Retail Sales, IndPro and the Next 20 Years
WASHINGTON (MaceNews) – This week’s economic data includes the Consumer Price Index for August, with forecasters not anticipating an acceleration in the rate of change but not much, if any, deceleration. If the annual consumer inflation rate remains around the 5.4% in July and June, or a little less as forecasted, analysts are likely to […]
Cleveland Fed’s Mester Expects Inflation To Dip Next Year But Sees Upside Risks
Sees ‘Transitory’ As ‘Less Useful’ Term To Describe Inflation Upsurge Calls For Clearer FOMC Communication on Inflation, Employment Goals By Steven K. Beckner (MaceNews) – Cleveland Federal Reserve Bank President Loretta Mester warned Friday that inflation could persist at higher levels next year and questioned the use of the term “transitory” to describe the current […]
US Data Preview Commentary: PPI, JOLTS, Beige Book and Many, Many Questions
WASHINGTON (MaceNews) – This week – for many, the last gasp of summer – has less guidance in the form of fresh U.S. economic data than any week this year, and the two major reports that are arriving raise more questions than answers. Wednesday’s JOLTS report says so much about job openings and the record […]
Saturday/Sunday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are the schedules for Saturday and Sunday for the White House, Treasury, the State Department, USTR, the Capitol and for upcoming Federal Reserve events: The White House WEEKEND GUIDANCE AND PRESS SCHEDULE FORSATURDAY, SEPTEMBER 4, 2021 AND SUNDAY, SEPTEMBER 5, 2021 On Saturday and Sunday, the President has no public […]
Eurozone Consumer Prices Rose 3.0 Percent in August from A Year Ago on Energy Costs
ZURICH (MaceNews) – Consumer prices in the Euro area rose more than expected in August, driven higher once again by increased energy costs, the latest data from Eurostat showed. The flash estimate for August HICP showed consumer prices up 3.0 percent from a year-ago level, exceeding the median of 2.8 percent in an Econoday survey […]
Jackson Hole: Fed Gets Easy Money Advice At Symposium From Presenters
By Steven K. Beckner (MaceNews) – As Federal Reserve policymakers try to calibrate the appropriate amount of monetary stimulus for an economy still recovering from the Covid virus and experiencing unpredictable cross currents in labor and other markets, they received plenty of advice from presenters at the Fed’s annual Jackson Hole symposium Friday. Most of […]
Cautious Powell Stops Short of Signaling Near-Term Tapering In Jackson Hole Talk
‘Progress’ on Employment Made But Much More Ground To Cover Cites Downside Risks From Delta Variant Warns Would Be ‘Mistake’ To Tighten Policy Too Soon By Steven K. Beckner (MaceNews) – A cautious Federal Reserve Chairman Jerome Powell Friday continued to indicate that the Fed is getting closer to scaling back asset purchases, but stopped […]
Japan Aug Tokyo Core CPI Improves to Flat on Energy, Hotels After Year-Long Slump
— Gasoline Markup Slows While Electricity Bills Now Up on Year — Air Conditioners, Property Insurance Premiums Also Support Prices By Max Sato (MaceNews) – The core reading of consumer prices in Tokyo, a leading indicator of the national average, was unchanged from a year earlier in August, firming after a year-long decline, thanks to […]
The July FOMC Meeting Saw Divergent Views on Tapering Timing
WASHINGTON (MaceNews) – As described at the time by Federal Reserve Chair Jay Powell, the July 27-28 Federal Open Market Committee saw a variety of views about when to start the tapering progress, exhibiting considerably more caution than much of the subsequent Fedspeak advocating faster action, the minutes of the meeting suggested Wednesday. The section […]