BofA Global Research Fund Manager Survey: Increasingly Negative World Growth Outlook Prompt Former Bulls To Retreat in October
By Vicki Schmelzer — Record Underweight in Bonds On Rate Hike Jitters NEW YORK (MaceNews) – World growth expectations fell more markedly in October, prompting formerly bullish global investors to retreat, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. Growth expectations were weighed by fears of higher interest rates, […]
NY Fed’s Williams Opposes Raising FOMC Inflation Target From 2%
–Stresses Need To Anchor Inflation Expectations at 2% By Steven K. Beckner (MaceNews) – New York Federal Reserve Bank President John Williams defended the Fed’s 2% average inflation target Friday, while emphasizing the need to solidify expectations around that rate. Williams, vice chairman of the Fed’s policymaking Federal Open Market Committee, acknowledged that the real […]
MaceNewsViews: Commentary – Senate Republican Leader McConnell Flexes (Political) Muscle Despite Minority Status
By Eric Ham WASHINGTON (MaceNews) – As the clock wound down on the debt ceiling and Democrats were unable or unwilling to break the logjam on their own, Republican Minority Leader, Mitch McConnell, stepped in and saved the nation from going over the financial cliff. The Kentucky senator reminded the country of the clout he […]
MaceNewsViews: President Biden Gets Tough With Corporate America
By Eric Ham WASHINGTON (MaceNews) – President Biden Wednesday met with senior stakeholders from business, labor unions and trade associations. The meeting took place in the Roosevelt Room inside the White House. The meeting was closed to the press. After meeting for more than an hour, the president addressed the public. He made clear he […]
Japan Aug Machine Orders Expectedly Dip After Recent Computer Demand
–Japan Govt Downgrades View: Pickup in Machine Orders Pausing–Cabinet Office Official: Demand for Computers Seen on Firm Trend–Q3 Core Orders Seen Unlikely to Grow 11% Q/Q, As Projected Earlier By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, unexpectedly slumped in August as demand for computers took […]
Atlanta Fed’s Bostic: Upside Inflation Risks Show Need to Start Tapering
–Sees First Funds Rate Hikes ‘More Than A Year Off’ –Doubts Tapering Will Have Much Economic or Financial Impact –Price Stability ‘Could Be On The Line In Coming Months’ –Persistent Wage-Price Pressures Could ‘Unanchor’ Inflation Expectations By Steven K. Beckner (MaceNews) – Atlanta Federal Reserve Bank President Raphael Bostic sounded somewhat of an alarm about […]
<strong>Japan Sentiment Picks Up on Vaccine Rollout But Q3 GDP Seen Slower</strong>
By Max Sato (MaceNews) – Japan’s sentiment surveys painted a rosier picture as the government has lifted its Covid-19 state of emergency on heavily hit regions, setting the stage for gradually reopening the economy, but global supply chain disruptions remain a major hindrance to recovery. The monthly Economy Watchers Survey, which was conducted by the […]
Supply Bottlenecks Punish German Economic Sentiment in October
ZURICH (MaceNews) – Economic sentiment in Germany fell in October as supply bottlenecks for raw materials and intermediate products hamper the economy, according to the latest report from the ZEW Institute in Mannheim. The ZEW index of economic sentiment fell 4.2 points to 22.3 in October, below the 24.0 median of an Econoday survey of […]
Italy’s Government Tensions Likely to Spike Over Upcoming Thorny Competition Law – Sources
By Silvia Marchetti ROME (MaceNews) – Rome’s government is expected to clear by the end of October a key thorny competition law aimed at supporting investments, a law which is likely to further raise tensions among ruling allies, according to coalition sources. The decree, which was meant to be initially approved ahead of the summer, […]
BOJ Sept Key Tankan Business Sentiment Up But Outlook Uncertain
— Higher Energy, Commodities Markets Support Some Producers— Automakers Report Worse Sentiment As Supply Constrains Linger— Face-To-Face Service Providers Suffer Amid Covid-19 Spike— BOJ Survey Also Shows Companies Revise Up FY21 Capex Plans By Max Sato (MaceNews) – Higher energy and commodities prices this year further boosted confidence among many manufacturers, big and small, while […]