Japan May Tokyo Core CPI Y/Y +3.2% Vs. +3.5% in April; Processed Food Markups Lead Rise, Slower Pace Due to Energy Subsidies
–Total CPI Annual Rate Also Slows to 3.2% from 3.5% after Hitting 41-Year High of 4.4% in January –Narrow CPI (Ex-Fresh Food, Energy) Annual Rate Rises to 3.9% from 3.8%, Staying at 41-Year High By Max Sato (MaceNews) – Consumer prices in Tokyo, the leading indicator of the national average, decelerated in May to a […]
Japan Government Upgrades View on Economy from Pickup to Moderate Recovery, Condition Last Seen in February 2020
By Max Sato (MaceNews) – Japan’s government Thursday upgraded its overall assessment for the first time in 10 months, saying the economy is improving to the state last seen in February 2020, when pandemic hadn’t had a full impact on economic activity, according to its monthly report released by the Cabinet Office. In its May […]
White House and Other Schedules for Thursday, May 25
WASHINGTON (MaceNews) – The following are Thursday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, MAY 25, 2023In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In the […]
FOMC Minutes Show Uncertainty About Any June Rate Hike
WASHINGTON (MaceNews) – The Federal Open Market Committee participants were not sure what is their most likely policy decision at their June meeting as the Fed staff repeated its outlook for a mild recession at year end or early next year, the meeting minutes showed Wednesday. In fact, the staff told the meeting that the […]
White House and Other Schedules for Wednesday, May 24
WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: Update: In the morning, the President will receive the President’s Daily Briefing. The Vice President will attend. This meeting in the Oval Office will be closed […]
White House and Other Schedules for Tuesday, May 23
WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, MAY 23, 2023 In the afternoon, the President and the Vice President will have lunch. This lunch in the President’s […]
White House and Other Schedules for Monday, May 22
WASHINGTON (MaceNews) – The following are Monday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: (The transcript of President Biden’s press conference Sunday in Hiroshima is at: https://www.whitehouse.gov/briefing-room/speeches-remarks/2023/05/21/remarks-by-president-biden-in-a-press-conference/} DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, MAY 22, 2023In the morning, the President will […]
US NABE Panel of 45 Forecasters Show Wider-Than-Usual Disparity of Views on Key Metrics, Improve Outlook vs February
WASHINGTON (MaceNews) – The National Association for Business Economics Monday presented the results of its latest quarterly survey of forecasters, with the panel of 45 showing a wider degree of uncertainty over key etrics than usual, although somewhat improved over the previous survey. Some excerpts follow: GDP • Expectations for inflation-adjusted gross domestic product (real […]
Powell: Fed Committed To 2% Goal but May Need To Do Less Given Bank Stress
– Williams Blames Demand, Shocks for Inflation – Not Past Monetary Ease – Fed Policymakers Divided on Where Funds Rate Needs To Go By Steven K. Beckner (MaceNews) – Federal Reserve Chairman Jerome Powell renewed the Fed’s commitment to reducing inflation Friday, but gave no clear indication whether he thinks the central bank will need […]
White House and Other Schedules for Friday, May 19
WASHINGTON (MaceNews) – The following are Friday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FORFRIDAY, MAY 19, 2023 – SUNDAY, MAY 21, 2023 Friday, May 19, 2023 In the morning, the President and […]