BOJ Kuroda Repeats No Plans for Rate Hike, Rapid Yen Drop Undesirable
By Max Sato (MaceNews) – Bank of Japan Governor Haruhiko Kuroda made it clear once again that the bank’s policymakers are “not considering raising interest rates at all” given their latest outlook that domestic inflation is unlikely to be anchored around its 2% target in the next few years. He told a post-meeting news conference […]
TEXT: Full White House Statement Disclosing Pres Biden Has Tested Positive for Covid, Taking Paxlovid
WASHINGTON (MaceNews) – The following is the full White House statement disclosing President Biden has tested positive for Covid, is taking Paxlovid and is isolating: This morning, President Biden tested positive for COVID-19. He is fully vaccinated and twice boosted and experiencing very mild symptoms. He has begun taking Paxlovid. Consistent with CDC guidelines, he […]
ECB Raises Key Rates by 50 Basis Points, Deviating from Forward Guidance
–Approval of Anti-Fragmentation Tool Allowed Front-Loaded Tightening, Says President Christine Lagarde –Lagarde does not provide forward guidance, says ECB data-dependent By Laurie Laird LONDON (MaceNews) – The European Central Bank raised interest rates by a much-higher than expected 50 basis points following its governing council meeting on Thursday, deviating from the carefully-worded forward guidance issued […]
BOJ Keeps Easing Stance; Revises Up CPI Forecast, Sees Slower FY22 GDP Growth
By Max Sato (MaceNews) – The Bank of Japan said Thursday it is maintaining its super-low interest rate targets along the yield curve and large asset purchases, as expected, to help the economy fully recover from the pandemic-caused slump and anchor inflation around its stable 2% target. To keep speculative market forces from pushing the […]
White House and Other Schedules for Thursday, July 21
WASHINGTON (MaceNews) – The following are Thursday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, JULY 21, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. After, […]
Japan June Exports Hit Record High, Shipments to China Rebound After Covid Lockdown
–Exports Hit Fresh Record High on Reopening Demand, Rising Costs –Imports Mark 4th Straight Month of Record High amid High Oil and Gas Prices –In 1H 2022, Exports, Imports Reach All-Time Highs, Trade Deficit Largest By Max Sato (MaceNews) – Solid reopening demand for mineral fuels, iron and steel, and semiconductors led Japanese export values […]
Super Mario Fails; Italy’s Government On Verge of Collapse As Country Prepares for an Early Vote
By Silvia Marchetti ROME (MaceNews) – Italy’s premier Mario Draghi lost the support of his ruling coalition on Wednesday during a key vote of confidence at the Senate and is expected to resign, paving the way to an early vote and to months of paralysis. Even though Draghi did win the vote of confidence with […]
Rishi Sunak and Liz Truss Duke it Out in Battle To Become Next UK Leader
–Campaign Likely to Centre on Tax, Cost of Living By Laurie Laird LONDON (MaceNews) – The battle to become the next UK prime minister is likely to be fought over tax policy and rising living costs, as UK Conservative party members begin voting to choose a new leader during the nation’s worst cost-of-living crisis in […]
White House and Other Schedules for Wednesday, July 20
WASHINGTON (MaceNews) – The following are Wednesday schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, JULY 20, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. After, the […]
BofA Global Research Fund Manager Survey: Global Growth Optimism at All-Time Low
— Cash Levels ‘Highest Since 9/11’ — Equity Allocation ‘Lowest Since Lehman’ By Vicki Schmelzer NEW YORK (MaceNews) – Optimism about global growth prospects fell to an all-time low in July, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. Investor cash levels are the “highest since 9/11” and equity […]