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 […]
Eurozone Final July HICP Rose 2.2% Year-on-Year, Confirming Flash Estimate
ZURICH (MaceNews) – Inflation in the euro area rose 2.2 percent from a year ago in July, rising from 1.9 percent through June, final figures released by Eurostat showed Wednesday. Energy prices rose 14.3 percent in July, revised up from the flash estimate of 14.1 percent, with the rate increasing from 12.6 in June. Without […]
Monday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Monday’s schedules for the White House, Treasury, the State Department, the Capitol and for upcoming Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, AUGUST 9, 2021 On Monday, the President will remain in Wilmington, Delaware. In the morning, the President will receive the President’s Daily […]
US Data Preview Commentary: CPI, PPI, UMich and Most Important and Least Regarded, Productivity
WASHINGTON (MaceNews) – It’s inflation week, with the CPI and the PPI on Wednesday and Thursday, reigniting the now sterile speculation about whether price pressures are transitory, when it’s more important for the same question to be applied to a quite different economic statistic, Tuesday’s report on productivity. Simply stated, productivity growth is what sustains […]
Fed’s Clarida Conditionally Points Toward Tapering Announcement ‘Later This Year’
–But Fed Vice Chairman Wants ‘Several Months’ of Labor Market Data By Steven K. Beckner (MaceNews) – Federal Reserve Vice Chairman Richard Clarida pointed toward a potential announcement of reduced asset purchases “later this year,” but said it will probably take “several months” to get a clear employment picture. Clarida was upbeat in a webinar […]