Kevin Warsh Pledges ‘Reform Oriented Federal Reserve’ as New Fed Chair
WASHINGTON (MaceNews) – In a White House ceremony attended by many dozens, Kevin Warsh Friday pledged to lead a “reform-oriented Federal Reserve” as the Dow industrials reached a new intra-day high. After being sworn in by Justice Clarence Thomas, whom Warsh called ‘a brilliant and independent thinker,” the new Fed chief said, “Chairman Greenspan was […]
Fed Officials Remain Wary of Changing Funds Rate, But Inflation Concerns Paramount
— Balance Sheet Policy Due To Come Into Focus As Warsh Takes Charge By Steven K. Beckner (MaceNews) – As the Jerome Powell era gives way to the Kevin Warsh regime at the Federal Reserve, Fed officials continue to warily contemplate whether the U.S. central bank’s short-term interest rate settings need to be adjusted. For […]
Preview: Forecasters See Japan CPI Slowing in April as Government Softens Gas Price Blow
0830 JST (2330 GMT/1930 EDT Thursday, May 21) The Ministry of Internal Affairs and Communications releases April CPI.Mace News median: total CPI +1.8% y/y (range: +1.6% to +1.9%) vs. Mar +1.5%; core CPI (ex-fresh food) +1.7% y/y (range: +1.5% to +1.8%) vs. Mar +1.8%; core-core CPI (ex-fresh food, energy) +2.2% y/y (range +1.9% to +2.3%) […]
Preview: Forecasters See Japanese Machinery Orders Falling Back in March
0850 JST (2350 GMT/1950 EDT Wednesday, May 20) The Cabinet Office releases March and January-March machinery orders.Mace News median: core orders -13.2% m/m (range: -20.0% to -3.1%) vs. Feb +13.6%; +4.5% y/y (range: -9.8% to +8.2%) vs. Feb +24.7% By Chikafumi Hodo TOKYO (MaceNews) – Japan’s core machinery orders, a key leading indicator of business […]
BofA Global Research Fund Manager Survey: Global Investors Sharply Reduce Cash, Dive into Equities
–Long Global Semiconductors Seen as Most Crowded Trade By Vicki Schmelzer NEW YORK (MaceNews) – Global fund managers sharply reduced cash and dove into equities in May, according to the latest BofA Global Fund Managers survey, released Tuesday. The move was driven by “EPS optimism and a forecast of Fed rate cuts,” the survey said. […]
Preview: Japan Exports Expected Up Sharply Again on Year in April Report but Return to Deficit Seen
0850 JST (2350 GMT/1950 EDT Wednesday, May 21) The Ministry of Finance releases April trade.Mace News median: exports +9.4% y/y (range: +8.5% to +10.0%) vs. a revised +11.5% March from +11.7%; imports +8.8% y/y (range: +7.1% to +9.4%) vs. 10.9% in March; trade deficit ¥96.25 billion (range: a deficit of ¥200.70 billion to a surplus […]
Japan Week Ahead: Q1 GDP to Show Modest Growth, March Trade Balance Set to Slip Back into Deficit, Consumer Inflation Tame
By Max Sato (MaceNews) – Here are the key Japanese events for the coming week. The first quarter GDP data is expected to show the economy has overcome a temporary contraction in the July-September quarter last year, led by sluggish but resilient consumer spending and solid business investment in digitization. The weak yen and higher […]
Inflation Making Fed Officials Increasingly Prone To Keep Funds Rate As Is, If Not Higher
– Schmid: Inflation ‘Most Pressing Risk To The Economy’ – Hammack: FOMC Must Make ‘Tough Tradeoffs” to Guarantee Low Inflation By Steven K. Beckner (MaceNews) – With the war against Iran worsening price pressures in the United States, Federal Reserve officials are not only leaning toward keeping monetary policy on hold indefinitely, they seem increasingly […]
Forecast: Japan Q1 GDP Seen Extending Growth Streak as Public Investment, Exports Support Economy
By Chikafumi Hodo TOKYO (MaceNews) – Japan’s real gross domestic product is projected to post a second consecutive quarter of growth in January-March, supported by firmer exports despite ongoing U.S. tariffs, while solid public investment, modest gains in private consumption and steady capital expenditure likely also contributed to growth. The economy is expected to expand […]
Preview: Forecasters See Japan’s Producer Prices Accelerating as Commodities Lifted by Mideast War
Friday, May 15, 2026 0850 JST (2350 GMT/1950 EDT Thursday, May 14) The Bank of Japan releases the April corporate goods price index.Mace News median: CGPI +3.2% y/y (range: +2.8% to +3.7%) vs. Mar +2.6%; +1.0% m/m (range: +0.5% to +1.3%) vs. Mar +0.8% By Chikafumi Hodo TOKYO (MaceNews) – Japan’s producer inflation, measured by […]