Bank of Canada’s Macklem: Getting Closer to End of Tightening Phase but Not There Yet
–Governor Repeats: Concerned About Upside Risks to Inflation Outlook–Macklem: Short-Term Pain of Rate Hikes for Long-Term Gain in Price Stability By Max Sato (MaceNews) – Bank of Canada Governor Tiff Macklem on Tuesday indicated that the bank’s aggressive tightening mode is coming closer to an end but also stressed its job to restore price stability […]
US October ISM Manufacturing Index Slips Further on Widespread Lower Demand
–ISM: New Orders Remain in Contraction; Employment at Breakeven Point –ISM: Firms Using Hiring Freezes, Attrition to Cope with Softer Demand in Future –ISM’s Fiore: Survey Indicates Contraction Ahead, Not Necessarily Recession; Collapse of New Orders Unlikely –Fiore: Contracting New Export Orders Concerning; China Down, Worst for Europe Yet to Come By Max Sato (MaceNews) […]
White House and Other Schedules for Tuesday, Nov 1
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. data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR TUESDAY, NOVEMBER 1, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. After, the […]
White House and Other Schedules for Monday, Oct 31
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. data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR MONDAY, OCTOBER 31, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. After, the […]
Japan September Retail Sales Post 7th Straight Y/Y Rise as Covid Eases, Border Restrictions Lifted 
–METI Upgrades View: Retail Sales Picking Up Vs. Picking Up Gradually –Department Store Sales Continue Recovering but Still Below Pre-Pandemic Levels –Demand for Cosmetics, Drugs Remains Strong; Auto Sales Rebound By Max Sato (MaceNews) – Japanese retail sales posted a seventh straight year-on-year increase in September, led by high fuel prices, pent-up demand for shopping […]
Japan September Industrial Output Dips After Recent Gains on Easing Supply Constraints
–METI Survey: Output Likely to Slump in October, Rise Slightly in November –METI Keeps View: Output Showing Signs of Moderate Increase –METI Repeats: To Watch Effects of a Rise in Covid Cases, Parts Shortages, Inflation By Max Sato (MaceNews) – Japan’s industrial production posted the first drop in four months in September, taking a breather […]
Analysis: FOMC Set for Fourth 75 BP Rate Hike But What Comes Next?
– Even After Another Big Hike Real Funds Rate Will Be Negative – Mixed Signals About How High Fed Willing to Go to Fight inflation By Steven K. Beckner (MaceNews) – The Federal Reserve will almost certainly take another fairly aggressive monetary tightening step at its Federal Open Market Committee meeting next week, but its interest rate hike […]
BOJ Keeps Easing Stance, Sees Clearer Downside Risks to Growth, Upside Risks to Inflation
White House and Other Schedules for Friday, Oct 27
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. data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR FRIDAY, OCTOBER 28, 2022 In the evening, the President will travel from Wilmington, Delaware to Philadelphia, Pennsylvania. The departure from Delaware Air […]
Japan October Tokyo Core CPI Surges to 40-Year High of 3.4% as Widespread Markups Continue 
–Total CPI +3.5%, Narrow CPI (Ex-Fresh Food, Energy) +2.2% for 3-Deacde Highs By Max Sato (MaceNews) – Consumer prices in Tokyo, the leading indicator of the national average, surged in all three key measures, with the core CPI annual rate hitting a 40-year high of 3.4%, as processed food and natural gas suppliers continued passing […]