Japan October Producer Inflation Higher Than Expected at 9.1%, Led by Utilities, Iron and Steel
–September’s Annal Rate Revised Up to 10.2%, Highest in 41 Years –Weak Yen Continues Boosting Import Costs for Producers By Max Sato (MaceNews) – Producer inflation in Japan came in higher than expected in October as utility charges surged above 40%, iron and steel prices remained high, up over 20%, and a faster pace of […]
Preview: Japan Q3 GDP to Post 4th Straight Quarterly Growth; Pace Slower on Covid Spike, High Prices
–Modest Q3 Growth Seen Led by Solid Capex Demand, No Strict Public Health Rules –Net Exports Seen Down amid Global Slowdown, Rising Import Costs –Q4 GDP Growth Likely Backed by Govt Subsidies for Tourism, Eased Border Restrictions By Max Sato (MaceNews) – Japan’s gross domestic product for the July-September quarter is forecast by economists […]
Cleveland Fed’s Mester: Funds Rate ‘Only Beginning to Become Restrictive’
– Funds Rate Must Become ‘More Restrictive’; Stay So “for a While’ – Risks Of Tightening Too Little Outweigh Risks Of Tightening Too Much – Welcomes Oct. CPI Report But Warns of ‘Upside Risks,’ Wage Pressures – Reducing Inflation Will Mean ‘Pain’; Unemployment May Need Rise More Than Anticipated By Steven K. Beckner (MaceNews) – […]
White House and Other Schedules for Thursday, Nov 10
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: COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, NOVEMBER 10, 2022 – THURSDAY, NOVEMBER 17, 2022 Thursday, November 10, 2022 In the morning, the President will receive the President’s […]
Fed Officials Stress Importance of Keeping Inflation Expectations Anchored
– Williams Says Inflation Expectations ‘Mostly Good’ But Cites Increased Uncertainty – Barkin: More Tightening Likely Needed Even at Cost of ‘Downturn’ By Steven K. Beckner (MaceNews) – Two Federal Reserve officials stressed the importance of keeping inflation expectations “anchored” Wednesday, but suggested that those expectations may be vulnerable to being underrmined in the current […]
White House and Other Schedules for Wednesday, Nov 9
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, NOVEMBER 9, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting in the Oval Office will […]
White House and Other Schedules for Tuesday, Nov 8
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 8, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In-Town […]
BOJ October Meeting Summary: Keep Easing Stance for 2% Inflation; Watch Markets, Side Effects of Easing
By Max Sato (MaceNews) – Bank of Japan board members agreed that the bank should maintain its easing stance to ensure stable 2% inflation would be achieved with wage increases — even though high import costs are being aggravated by the weak yen, which partly reflects the BOJ’s dovish stance while the Federal Reserve plans […]
Japan Sept Household Spending Posts 4th Straight Y/Y Rise, Rebounds M/M as Covid Spike Eases
–Spending on Travel, Dining Stays Above Sept 2021 When Covid State of Emergency Was in Place –Real Household Income Edges Up but Real Wages Still Down Amid Rising Cost of Living –July-Sept Household Spending Dips Q/Q, Indicating Only Limited Consumption Boost in Q3 GDP Growth By Max Sato (MaceNews) – Japan’s real household spending posted […]
White House and Other Schedules for Monday, Nov 7
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, NOVEMBER 7, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In […]