Fed Officials Still Divided, Unsure About When and How Much To Cut Interest Rates
By Steven K. Beckner (MaceNews) – Federal Reserve officials have continued this week to muse about cutting interest rates for the first time since December when the Fed’s rate-setting Federal Open Market Committee meets in mid- September, but the FOMC remains divided and unsure. Despite an uptick in inflation, labor market worries have come to […]
BofA Global Research Fund Manager Survey: Global Investors Increasingly More Cautious About Growth and Inflation In August
By Vicki Schmelzer NEW YORK (MaceNews) – Global investors were increasingly more cautious in their views about growth and inflation in August, according to BofA Global Research’s monthly fund manager survey, released Monday. A net 41% of those polled this month looked for weaker global growth in the coming 12 months. This compared to a […]
Japan Weekahead: Producer Inflation Easing Further below 3%, Q2 GDP to Post Slight Rebound, Confirming Resilience Against Drag from Tariffs, High Costs of Living
By Max Sato (MaceNews) – Here are the key Japanese economic events for the coming week when many people take some time off for the annual Obon holiday around Aug. 15 to bring in and send back their ancestors’ sprits. It is not a public holiday and markets will stay open but trading volumes are […]
Fed Officials Rethinking ‘Appropriate’ Monetary Policy After Weak July Jobs Data
– Gov. Cook Calls Jobs Report ‘Concerning’ – Could Mark ‘A Turning Point’ – Cook Also Sees ‘Quite Elevated’ Stocks as Potential Threat to Financial Stability – Daly Fears ‘Softening’ Labor Market; Must ‘Adjust’ Rates ‘In Coming Months’ – Collins Speaks About ‘Wait and See’ Approach Among Economic Players By Steven K. Beckner (MaceNews) – […]
ISM: US Services Sector Slows on Weak Demand, Soft Hiring and Rising Costs as Tariffs Begin to Bite
–ISM Services Index 50.1 Vs. 50.8 in June, 49.9 in May, Below Consensus 51.5–ISM’s Miller: Employment Index’s Continued Contraction, Faster Rise in Prices Index Worrisome–Miller: Expansion in Business Activity, New Orders Indexes Highlight Resilience of Services Sector–Miller: Firms Wary of Impact of an Expected Fed Rate Cut as Inflation Remains High By Max Sato (MaceNews) […]
Preview: Japan Q2 GDP to Post Only Slight Growth after 1st Contraction in 4 Quarters in Q1 as Fear of Trump Tariff Fallout Peaks
By Max Sato (MaceNews) – Japan’s gross domestic product is forecast to be nearly flat, up just 0.1% on quarter, or an annualized 0.4%, in the April-June quarter, at the peak of the fear that the protectionist U.S. trade policy could plunge the global economy into a tailspin. The forecasts range from a 0.1% drop […]
Japan Weekahead: Real Wages Continue Falling, Household Spending to Show Sluggish but Resilient Consumption Ahead of Expected Slight Q2 GDP Rise
By Max Sato (MaceNews) – Here are the key Japanese economic events for the coming week. Following the widely expected no change in the Bank of Japan’s policy stance last week, demand side data is expected to show lackluster but somewhat resilient consumer spending. Economists didn’t wait to see June and second quarter household spending […]
US TARIFFS STATE OF PLAY: New Reciprocal Tariffs Don’t Dispel Uncertainty, Confusion
–Trump Fires Head of the Bureau of Labor Statistics because of alleged manipulation By Denny Gulino WASHINGTON (MaceNews) – With new reciprocal levies raising America’s average tariff rate to above 18% and the latest jobs and ISM reports raising stagflation fears, the overall era of uncertainty seems to have intensified, not diminished. The environment of […]
US ISM Manufacturing Falls Deeper into Contraction amid Slow New Orders, Still Fragile Output, More Job Cuts, Elevated Costs
–ISM Manufacturing Index at 9-Month Low of 48.0 vs. 49.0 in June, Consensus 49.5–ISM CEO Derry: Despite Wall Street Pricing in Imminent Rate Relief, Manufacturers Need to See Actual Cut Before Resuming Capex By Max Sato (MaceNews) – U.S. manufacturing activity was in contraction for the fifth straight month in July as President Trump’s idea […]
US TARIFFS STATE OF PLAY – List of countries and their “reciprocal” tariff rates imposed at midnight (Switzerland 39%; UK 10%)
WASHINGTON (MaceNews) – Countries and Territories Reciprocal Tariff, Adjusted Afghanistan 15%Algeria 30%Angola 15%Bangladesh 20%Bolivia 15%Bosnia and Herzegovina 30%Botswana 15%Brazil 10%Brunei 25%Cambodia 19%Cameroon 15%Chad 15%Costa Rica 15%Côte d`Ivoire 15%Democratic Republic of the Congo 15%Ecuador 15%Equatorial Guinea 15%European Union: Goods with Column 1 Duty Rate1 > 15% 0%European Union: Goods with Column 1 Duty Rate < 15% […]