Japan May Core CPI Posts 1st Y/Y Rise in 14 Months on Energy Pickup
By Max Sato –Lower Mobile Data Fees at Govt Request To Weigh on CPI for Now–Drop in Total CPI Eases on Smaller Fall in Fresh Food Prices (MaceNews) – Japan’s core consumer price index edged up on the month to mark its first year-on-year gain in 14 months as higher energy costs continued to offset […]
US Data Preview Commentary: Retail Sales, PPI, Hsing Starts, FOMC, New ‘Dot Plot’
WASHINGTON (MacNews) – The explosive snapback of consumer demand, company supply-chain and delivery workarounds and inventory reloading won’t be reflected nearly to the phenomenon’s full extent in Tuesday’s May retail sales report. Just as goods and services productivity being supercharged by firms compensating for the post-pandemic jamming of the economy won’t show up in quarterly […]
FOMC Seems Ready To Tip Toe Toward Tapering At Mid-June Meeting
–Powell Could Signal Consideration of Less Bond Buying Is Coming By Steven K. Beckner (MaceNews) – Movement away from the most aggressively expansionary monetary policy in the Federal Reserve’s history may seem glacial, but it is not imperceptible. It seems clear, as the mid-June Federal Open Market Committee meeting approaches, that a shift in sentiment […]
Wednesday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Wednesday’s public schedules for the White House, Treasury, the State Department, the Capitol and for upcoming economic data: The White House COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, JUNE 9 – WEDNESDAY, JUNE 16, 2021Wednesday, June 9, 2021 In the morning, the President and the First Lady will travel to […]
Tuesday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The follow are Tuesday’s public schedules for the White House, Treasury, the State Department, the Capitol and for upcoming economic data: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, JUNE 8, 2021In the morning, the President will receive the President’s Daily Brief in the Oval Office. This meeting will be closed […]
Monday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Monday’s public schedules for the White House, Treasury, the State Department, the Capitol and for upcoming economic data: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, JUNE 7, 2021 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In the afternoon, […]
US Data Preview: Jobs Report, Beige Bk, ISMs and the Inflation-Deflation Conundrum
WASHINGTON (MaceNews) – Who cares if AMC is up more than 40% one hour and then down 2% another hour, that the U.S. Senate wears itself out going nowhere, that the Biden administration’s budget wish list sees growth back down to 2.2% then lower after next year. Not to worry, we’re at the beach – […]
Japan May Tokyo CPI Posts Slight Drop on Lower Mobile User Fees
— Recovering Gasoline Prices Easing Overall Price Fall By Max Sato (MaceNews) – Consumer prices in Tokyo, a leading indicator of the national average, continued posting a slight year-on-year drop in the core reading in May as the effect of firmer energy costs was more than offset by the downward pressure from lower mobile communications […]
FOMC Minutes Underline Stand-Still Stance With Promise of Ample Advance Notice of Tapering
WASHINGTON (MaceNews) – The minutes of last month’s Federal Open Market Committee meeting Wednesday repeated the emphasis on eventual ample advance notice of any tapering, and did not go as far as a couple of district bank presidents have since in suggesting the time is near to think about thinking about such a policy move. […]
Eurozone April HICP +1.6% vs Year-Ago on Energy Prices
ZURICH (MaceNews) – Consumer prices in the Eurozone rose 1.6% from a year ago, increasing from the 1.3% pace in March as energy prices drove the HICP higher, according to data released Wednesday by Eurostat. Wednesday’s final result matched the preliminary report as well as the median forecast of an Econoday survey of economists. Energy […]