FOMC Minutes: Tapering Parameters Much Discussed But Action Awaits More Data, Time
WASHINGTON (MaceNews) – The Federal Open Market mid-June meeting minutes released Wednesday afternoon highlighted the discussions around tapering to a greater degree than indicated by Fed Chair Jay Powell’s news conference and subsequent Fedspeak, yet made clear the fog of uncertainty is not expected to suggest any action until more time has produced more data. […]
US Data Preview Commentary: Personal Income, Existing/New-Home Sales, Durables and the Downside to ‘Transitory’
WASHINGTON (MaceNews) – Beware what look like quiet weeks ahead, like the upcoming week when the Earth’s northern pole tilts to the max toward the sun. The summer solstice means that after 3:32 Monday morning the days start getting shorter in our hemisphere and the diminishing daylight is appropriate for a time of what seems […]
Bundesbank’s Weidmann: Sharp Price Rises in Germany ‘Temporary;’ No Signs of Excessive Medium-Term Price Pressures
ZURICH (MaceNews) – Bundesbank President Jens Weidmann that current price increases in Germany are of a temporary nature and that he doesn’t see signs of higher inflation rates solidifying. In an interview with the business daily Handelsblatt, Weidmann said that “from our viewpoint, the sharp price increases in Germany are temporary and there aren’t signs […]
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 – […]