July Core Tokyo CPI Marks 1st Y/Y Rise in A Year on Higher Energy Costs
— Smaller Processed Food Price Drop, Newspaper Markups Also Support CPI— Total CPI in Capital Dips on Slump in Volatile Fresh Food Prices By Max Sato (MaceNews) – Consumer prices in Tokyo, a leading indicator of the national average, posted the first year-on-year rise in 12 months in July in the core measure, as gasoline-led […]
Eurozone HICP Rises Unexpectedly in July, Exceeding Expectations, Flash Estimate Shows
ZURICH (MaceNews) – Led by double digit growth for energy costs, inflation in the euro-area rose more than expected in July, rising 2.2 percent from year-ago levels, the flash estimate from Eurostat showed. The increase in HICP exceeded expectations for 2.0 percent annual gain, according the median of an Econoday survey of economists’ forecasts. Energy […]
US NABE Survey Shows Optimism About Pace of Hiring, Profits, Growth
WASHINGTON (MaceNews) – The latest survey of National Association for Business Economics Monday showed continuous optimism about hiring, profits and growth. The 93 business economists surveyed saw a strong growth trajectory ahead with some seeing the second quarter’s expected spectacular result, to be reported Thursday, being maintained in several quarters ahead. The commentary and highlights […]
US Data Preview Commentary: 2Q GDP/Personal Income; FOMC/Powell; New Home Sales and … Evictions
WASHINGTON (MaceNews) –A week ahead with a soaring GDP, strong income, maybe some more records for stocks, all in all a super summer under way with only a few negatives, like a pending wave of evictions, a raging virus, accelerating inflation and deep and sometimes paralyzing ideological fissures. For the time being, no one is […]
FOMC Mainstream Seems In No Hurry To Taper As Late July Meeting Nears
By Steven K. Beckner (MaceNews) – Having started “talking about talking about” scaling back asset purchases at their mid-June Federal Open Market Committee meeting, Federal Reserve policymakers will presumably begin really “talking about” “tapering at the July 27-28 FOMC meeting. The timing of actual reductions in bond buying, however, remains very much in doubt, although […]
US Data Preview Commentary: Housing Starts/Existing Home Sales, LEI, and a Higher Wall of Worry
WASHINGTON (MaceNews) –It’s housing week coming up for U.S. economic data and analysts will be checking new housing completions Tuesday, a much more telling number than starts these days. Completions run several months behind starts which tabulate the stage before construction. It’s completions which calibrate the pipeline to an existing home sale, something that often […]
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, JULY 12, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval Office. […]
Saturday/SundayWashington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are the Saturday’s and Sunday’s schedules for the White House, Treasury, the State Department, the Capitol and for upcoming Federal Reserve events: The White House WEEKEND GUIDANCE AND PRESS SCHEDULE FORSATURDAY, JULY 10, 2021 AND SUNDAY, JULY 11, 2021 On Saturday, the President has no public events scheduled. On Sunday […]
US Data Preview Commentary: CPI, PPI, Retail Sales, Powell Testimonies, IndPro, Beige Bk and More
WASHINGTON (MaceNews) – Be brave, it’s peak fraidy-cat week for inflation horrors to descend upon us, or rather, to show up in the data, having plagued us last month. If the price-pressure nightmares show up as expected, the Fed folks will be forced to accelerate their consideration of tapering at the very least (Wharton’s Jeremy […]
ECB Lifts Inflation Target to 2%, Willing to Tolerate Overshoot
By Laurie Laird LONDON (MaceNews) – The European Central Bank Thursday lifted its inflation target to 2% and vowed to tolerate a short-term overshoot of the target. The new target is “not a ceiling,” said ECB President Christine Lagarde, presenting the Bank’s strategy review. Previously the bank aimed for a target of close to but […]