BOJ Dec Minutes: Still Need Easy Money After Shrinking Covid Funding Program
— BOJ Members Also Debate Upside, Downside Risks Amid Uncertain Outlook By Max Sato (MaceNews) – Bank of Japan board members called for a continued accommodative monetary policy stance, saying the situation in Japan is different from other major economies where central banks are trying to control high inflation, the minutes of the bank’s Dec. […]
Japan Dec Core CPI Rise Slows on Durable Goods, Hotels Amid Rising Energy
— Both Core and Total CPI Measures Mark 4th Straight Y/Y Gains— Utilities Push Up Overall Energy Costs, Offsetting Recent Pullback in Gasoline— Japan 2021 CPI Down 0.2%, 2nd Straight Annual Drop After -0.2% in 2020 By Max Sato (MaceNews) – Rising utilities and processed food costs propped up consumer prices in Japan in December […]
FOMC To Continue Monetary Normalization Talks As Bond Buying Winds Down
By Steven K. Beckner (MaceNews) – Going into its first meeting of the year, it might seem as if the Federal Open Market Committee has already scripted its monetary policy for coming months. After all, Federal Reserve Chairman Jerome Powell and his colleagues on the Fed’s policy making committee have been pretty explicit about their […]
ECB Governing Council Split Over Expansion of APP Programme Announced in December
— Some members argued for a more rapid return to policy normalisation LONDON (MaceNews) – The European Central Bank’s decision to expand its asset purchase programme from April met with spirited opposition from some members of the Governing Council, suggesting deep divisions amongst rate setters, according to minutes of the policy meeting on 15-16 December, […]
Thursday January 20th Washington Schedules from Mace News
THE WHITE HOUSEDAILY GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, JANUARY 20, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Then, the President and the Vice President will meet with members of the Infrastructure Implementation Task Force to discuss delivering results from the Bipartisan Infrastructure Law, the largest […]
Japan December Exports Continue Rising on Reopening Demand, Car Supply Pickup
— Import Gain Remains High on Energy, Leading to 5th Straight Trade Deficit By Max Sato (MaceNews) – Japanese exports rose from a year earlier for the 10th straight month in December, thanks to reopening demand for iron and steel and electronic parts as well as easing supply constraints for the auto industry, data released […]
Wednesday January 19th Washington Schedules from Mace News
THE WHITE HOUSE DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, JANUARY 19, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In the afternoon, the President will hold a press conference in the East Room. This event will be open to pre-credentialed media. In-Town Pool Wires: AP, Reuters, BloombergWire Photos: AP, […]
BofA Global Research Fund Manager Survey: Global Investors Expect Above-Trend Growth, Inflation Peak in 2022
–Hawkish Central Bank Hikes Still Biggest ‘Tail Risk’ By Vicki Schmelzer NEW YORK (MaceNews) – Global investors polled at the start of 2022 looked for above-trend growth and an inflation peak in the coming year, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. In January, a net 1% of […]
Italy’s ESM Reform Approval Likely To Raise Tensions Between Ruling Parties, Government Buys Time – Sources
By Silvia Marchetti ROME (MaceNews) – Italy’s parliament has yet to approve the key European Stability Mechanism reform aimed at strengthening the banking union and is buying time over fears this will trigger tensions among ruling allies, according to government sources. The League party and the 5 Stars Movement, that have joined forces to support […]
German Economic Outlook Starts the Year on a Strong Note, ZEW Report Shows
ZURICH (MaceNews) – Economic sentiment in Germany came in well above expectations in January indicating that the economy is seen improving in the coming six months, as COVID cases are seen falling by summer, the latest report from the Mannheim-based ZEW institute showed. ZEW’s Index of Economic Sentiment rose to 51.7 in January from 29.9 […]