Analysis: After Abe’s Death, PM Kishida Still Has to Show How His New Capitalism Works for Japan
By Max Sato (MaceNews) – After Friday’s assassination of Shinzo Abe, architect of the reflationary economic policy mix dubbed Abenomics, Prime Minister Fumio Kishida has yet to show whether his “new capitalism” is a better alternative in revitalizing Japan. During the ruling party leadership election campaign last year, Kishida floated the idea of shifting from […]
White House and Other Schedules for Saturday and Sunday
WASHINGTON (MaceNews) – The following are the weekend’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events: WEEKEND GUIDANCE AND PRESS SCHEDULE FORSATURDAY, JULY 9, 2022 AND SUNDAY, JULY 10, 2022 On Saturday, the President has no public events scheduled. On Sunday, the President and the […]
BOI’s Visco: Second Rate Hike in September ‘Appropriate’ if Long-Term Inflation Forecasts Do Not Improve
ROME (MaceNews) – Bank of Italy Governor Ignazio Visco said on Friday that a second rate hike in September by the European Central Bank could be “appropriate” if long-term inflation forecasts do not improve. Talking at Italy’s annual banking lobby ABI conference, Visco argued, however, that monetary policy normalization, particularly including any additional rate hikes […]
News Reports: Former Japan Prime Minister Abe Shot During Speech; Japan Rocked by Incident
(MaceNews) – Former Japanese Prime Minister Shinzo Abe, known for his reflationary economic policy and nationalistic views, was shot from behind by a man in his 40s in the western prefecture of Nara on Friday, public broadcaster NHK and other news media reported. Ahead of Sunday’s upper house elections, in which the ruling coalition is […]
White House and Other Schedules for Friday, July 8
WASHINGTON (MaceNews) – The following are Friday’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 FORFRIDAY, JULY 8, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. After, the President […]
Japan May Household Spending Dips as Supply Crunch Dents Car Output, People Cooking Less
–Households Dining Out, Traveling More, Limiting Y/Y Drop in May Vs. April, March –Govt Official: Cannot Yet Say If Rising Inflation Hurting Spending; Covid, Weather Also Affect Consumers –Real Household Income Falls For 2nd Straight Month as Inflation Bites By Max Sato (MaceNews) – Japan’s real household spending unexpectedly fell on year for the third […]
White House and Other Schedules for Thursday, July 7
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 7, 2022 In the morning, the President and the Vice President will receive the President’s Daily Brief. This meeting in the […]
FOMC Minutes: Fed Officials Leaned Toward More Tightening Despite Downside Risks
– 50-75 BP Hike in July Envisioned – Policy Might Need to Become ‘Even More Restrictive” than Anticipated By Steven K. Beckner (MaceNews) – Federal Reserve officials tilted toward a more restrictive monetary policy at their mid-June Federal Open Market Committee meeting despite signs of a slowing economy, minutes released Wednesday reveal. Not only did […]
ISM: US June Service Sector Growth Continues but Slowest in 2 Years Amid Labor Shortages, Supply Delays, Inflation 
–ISM’s Nieves: Rising Inflation Hurting Demand in Retail Trade –ISM: Supply Chain Constraints Keeping Firms from Replenishing Inventories –ISM: Employment in Contraction Mainly Due to Limited Labor Pool By Max Sato (MaceNews) – US service sector growth slowed for the third straight month to the lowest rate in about two years as supply bottlenecks […]
White House and Other Schedules for Wednesday, July 6
WASHINGTON (MaceNews) – The following are Wednesday’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 FORWEDNESDAY, JULY 6, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In the […]