Japan Aug Core CPI Flat Y/Y After Year-Long Drop; Energy Pickup Slows
— Total CPI Marks 11th Straight Y/Y Drop As Fresh Vegetable Prices Slump — Downward Pressure From Low Cost Mobile Phone Plans Intensifies By Max Sato (MaceNews) – Higher costs for energy and processed food continued easing the downward pressure on Japan’s core consumer prices, which was flat on year in August after a year-long […]
FOMC: Tapering ‘May Soon Be Warranted’ If Progress Continues
Half of FOMC Participants Now See Funds Rate Hike By End 2022 Powell Says FOMC Could Announce Bond Buying Cuts At Nov. 2-3 Meeting Powell Says Inflation Test More Than Met; Employment Goal ‘All But Met’ By Steven K. Beckner (MaceNews) – The Federal Reserve took another incremental but very significant step toward making monetary […]
BOJ Keeps Easing Stance, Sees Resilient Japan Economic Pickup Amid Pandemic
By Max Sato (MaceNews) – The Bank of Japan said Wednesday it is maintaining its stimulative policy, as expected, to support a gradual recovery from the pandemic-caused slump and continue its eight-year-old campaign to guide low inflation toward stable 2%. The central bank largely left its view on Japan’s resilient economic pickup amid the pandemic […]
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 […]