JAPAN SEPT CORE CPI -0.3% Y/Y VS. AUG -0.4% ON SMALLER HOTEL FEE DROPS
–BOJ Sees Core Price Drop Continuing By Max Sato (MaceNews) – The global pandemic continued to depress Japanese consumer prices in September as economic activity remained restrained amid slower declines in energy costs, but the year-on-year decline was slightly smaller than expected in light of less drastic cuts in tourism prices, data from the Ministry […]
ECB HINTS AT REFINEMENT OF ‘PRICE STABILITY’ GOAL IN STRATEGY REVIEW
By Laurie Laird LONDON (MaceNews) – The European Central Bank could refine its approach to achieving price stability during its delayed strategy review, assessing its inflation target and the components of the inflation basket, according to top rate setters Wednesday. The ECB has resumed a strategy review halted by the COVID pandemic, an evaluation that […]
STATUS CHECK – WHAT’S THE OPPOSITE OF A PRESIDENTIAL DEBATE?
WASHINGTON (MaceNews) – The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · Twenty days until Election Day, a countdown to – what? Is it time to wonder what kind of lame-duck president Donald Trump would be? Of course he might win. But if not, […]
VICE CHAIR CLARIDA KEEPS FED POINTED TOWARD LONG-TERM MONETARY EASE
By Steven K. Beckner (MaceNews) – Top Federal Reserve policy-makers continue to strongly signal their long-range intention to maintain an ultra-easy monetary policy, even as they acknowledge that the economy is recovering faster than they expected from the Covid shutdown induced recession. The Fed’s commitment to a highly accommodative policy is not completely open-ended, but […]
DATA FLASH: US SEPTEMBER PPI JUMPS 0.4% ON SURGE IN FOOD
–Prices Ex-Food/Energy +0.4%; Prices Up 0.4% Ex-Trade Services as Well–Food Prices +1.2%, Halting Downward Trend; Energy Prices -0.3%–Prices for Travel Accommodation Services Jump 3.9% By Kevin Kastner WASHINGTON (MaceNews) – U.S. business prices rose by 0.4% in September, ahead of expectations for a 0.2% increase and reflecting a sharp rebound in food prices and a […]
STATUS CHECK – OF PRESIDENTIAL HEALTH CHECKS AND REGENERON RATIONING
WASHINGTON (MaceNews) – The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · President Trump went on Fox late Friday and for what was billed as on on-air health assessment – spoiler alert – he passed. The in-house doctor asked him some questions from the […]
DATA PREVIEW: TAKE A DEEP BREATH, BECAUSE HERE COMES THE PAIN
By Kevin Kastner WASHINGTON (MaceNews) – Nothing in life is free. That also applies to the data schedule. After a week that was extremely short on major data, the upcoming week’s schedule is overflowing with it, with the mid-month price, production and sales data crammed into a holiday-shortened four-day week. Hurricane Delta is hitting the […]
ECB’S LAGARDE: ASSET PURCHASES MORE EFFECTIVE THAN RATE CUTS FOR NOW
By Laurie Laird LONDON (MaceNews) — The European Central Bank will continue to rely on asset purchases as its main policy tool, but is not averse to further rate cuts down the line, according to ECB President Christine Lagarde. Rate cuts “work better in certain circumstances … not necessarily in a crisis situation as we […]
TEXT: FOMC STATEMENT – TO KEEP ACCOMMODATION TILL HIT INFL TARGET
WASHINGTON (MaceNews): The following is the text of the Federal Open Market Committee’s policy statement released Wednesday: The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. The COVID-19 pandemic is causing tremendous human and […]
DATA FLASH: US AUGUST CPI RISE 0.4% ON SOLID CORE READING
–Core Prices Up 0.4%; Ex. Only Energy, CPI Still Up 0.3%.–Energy Prices Up 0.9%, Food Prices Up 0.1% By Kevin Kastner WASHINGTON (MaceNews) – The August consumer price data were stronger than expected, but still rose at a slower pace than in recent months. Headline CPI rose by 0.4% in August based on data released […]