Japan August Industrial Output Rises in Many Sectors on Easing Supply Constraints
–METI Survey Points to Possible Output Dip in September, Solid Gain in October –METI Upgrades View: Output Showing Signs of Moderate Rise Vs. Marking Time –METI Repeats: To Watch Effects of a Rise in Covid Cases, Parts Shortages, Inflation By Max Sato (MaceNews) – Japan’s industrial production surged in August, well above forecasts, as easing […]
St. Louis Fed’s Bullard: Strong Labor Market Gives Fed ‘Room to Maneuver’
– To Reduce Inflation Rates Must Rise ‘Pretty Rapidly,’ Stay ‘Higher For Longer’ – Slower Growth Raises Recession Risk In Event Of Shock; Might Require Adjustment – Once Appropriate Rate Level Reached Can Move To ‘Ordinary,” Data-Dependent Policy By Steven K. Beckner (MaceNews) – Were some “shock” to tip the U.S. economy into recession, the […]
White House and Other Schedules for Thursday, Sept 29
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. data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR THURSDAY, SEPTEMBER 29, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]
White House and Other Schedules for Wednesday, Sept 28
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. data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR WEDNESDAY, SEPTEMBER 28, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]
Preview: BOJ Tankan Manufacturers’ Sentiment Seen Up in September, Services Down
–End to Covid Lockdown in Shanghai Supports Factory Operations –Downside Risks Arise from Global Slowdown amid Tightening by US, Others –Spike in Japan Covid Cases, High Import Costs Hit Services Sector –Business Confidence in December Projected to Be Mixed –Smaller Firms Expected to Revise Up Their Combined FY22 Capex Plans Further By Max […]
St Louis Fed President Bullard: ‘Abrupt, Forceful’ Action Needed to Lower Inflation
Rates Will Need to Stay ‘Higher For Longer’ – ‘For Some Time’ Strong Labor Market, Other ‘Bullish Factors’ Give Fed ‘Room” To Battle Inflation Rejects ‘Bad Idea’ Of Settling for Inflation Above 2% U.S. ‘Vulnerable’ to Recession but Should Be Able To Avoid It, Barring Major Shocks By Steven K. Beckner (MaceNews) – St. Louis […]
White House and Other Schedules for Tuesday, Sept 27
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, SEPTEMBER 27, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting in the Oval […]
Italy’s Rightists Election Victory Leaves Shaky Financial Outlook — Explainer
By Silvia Marchetti ROME (MaceNews) – The right-wing coalition victory on Sunday will likely lead Italy to a super-accommodative, risky economic and fiscal stance as parties forming the alliance have all pledged tax cuts and more spending to support the economy. With final results yet to be released, the far-right Brothers of Italy group won […]
Sterling Drops to All-time Low Vs. Dollar; Gilt Yields Surge Above 4%
–Speculation of Emergency Bank of England Action Lifts the Pound from $1.0350 –Market Disorder Follows Friday’s Tax-Cutting Fiscal Statement By Laurie Laird LONDON (MaceNews) – Sterling plunged to an all-time low against the dollar early on Monday, following a weekend pledge from the nation’s top finance minister to extend tax cuts beyond the £45billion announced […]
White House and Other Schedules for Monday, Sept 26
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, SEPTEMBER 26, 2022 In the morning, the President will depart Wilmington, Delaware en route the White House. The departure […]