Category: Inflation

Euro Area February Flash CPI Rose 0.9%; +1.0% Expected

Zurich (MaceNews) – Consumer prices in the euro area are expected to rise 0.9% in February from a year ago, led by food, alcohol and tobacco prices, according to the HICP flash estimate released today by Eurostat. Economists had expected inflation to rise 1.0%, according to the median forecast of a survey of economists conducted […]

Japan Feb Tokyo CPI Shows Small Drop As Food, Energy Downtrend Eases

– Weak Energy Still Key Factor Behind Year-on-Year CPI Decline – Government Has Suspended Travel Discounts but Hotels Cut Prices Amid Slump By Max Sato (MaceNews) – Consumer prices in Tokyo, a leading indicator of the national average, were little changed in February from January, leading to a smaller year-on-year drop in key measures as […]

Euro-Area CPI Rose 0.9% in January From a Year- Ago, Confirming Preliminary Reading

Zurich (MaceNews) – Consumer inflation in the Euro-area rose 0.9% in January from a year ago, according to final harmonized (HICP) figures released by Eurostat Tuesday. The increase, which confirmed the preliminary result released earlier this month, was led by services and non-energy industrial goods and matched the median of an Econoday survey of economists’ […]

Fed’s Rosengren: Bond Buying Will Continue Until ‘Substantially More’ Job, Inflation Gains

—Rosengren: Employment Remains ‘Well Below” Year Ago Levels By Steven K. Beckner (MaceNews) – Boston Federal Reserve Bank President Eric Rosengren advocated continued aggressive monetary and fiscal stimulus Friday. Given unsatisfactory labor market conditions, he suggested, the Fed will need to keep buying $120 billion of bonds for the foreseeable future. “Despite a potentially difficult […]

FOMC Minutes: ‘Likely Take Some Time’ For ‘Substantial Further Progress’ To Taper QE

–‘Economy Still Far From’ Fed’s Employment, Inflation Goals –Must ‘Clearly Communicate’ ‘Well in Advance’ of LSAPs Tapering –‘Important To Abstract’ from ‘Temporary’ Factors Pushing Up Inflation By Steven K. Beckner (MaceNews) – Federal Reserve officials seemingly were looking far down the road when thinking about slowing the pace of asset purchases at their Jan. 26-27 […]

DATA PREVIEW: US RETAIL SALES, PPI, HOUSING STARTS

WASHINGTON (MaceNews) – The week ahead has a jammed schedule of economic data after Monday’s President’s Day federal holiday hiatus and most closely watched will be the report on January retail sales. While sales through December were 2.9% ahead of a year earlier, it’s the current pace that is key for an assessment of first […]

WEDNESDAY WHITE HOUSE SCHEDULES FROM MaceNews

WASHINGTON (MaceNews) – The following are the Wednesday public schedules for the White House, Treasury, the Capitol and upcoming economic statistics: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, FEBRUARY 10, 2021  In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval Office. This meeting will […]

DATA PREVIEW: INFLATION SPECTER REAPPEARS EVERYWHERE BUT THE DATA

–CPI on Wednesday; UMich on Friday WASHINGTON (MaceNews) – The Consumer Price Index is reported on Wednesday by the Bureau of Labor Statistics and is not expected to exhibit any sudden acceleration, particularly since its driving force, the shelter index, has been moderating for five months. The consumer price measure plays a big role in […]

BANK OF ENGLAND RATE SETTER HINTS AT MPC DISAGREEMENT OVER NEGATIVE RATES

By Laurie Laird LONDON (MaceNews) – A top Bank of England official suggested Friday that rate setters have yet to agree on the merits of implementing negative rates in the UK. “Different members of the MPC will have a different take” on the efficacy of sub-zero interest rates, said Dave Ramsden, a member of the […]