DATA PREVIEW: INFLATION SPECTER REAPPEARS EVERYWHERE BUT THE DATA
–CPI on Wednesday; UMich on Friday WASHINGTON (MaceNews) – The Consumer Price Index is reported on Wednesday by the Bureau of Labor Statistics and is not expected to exhibit any sudden acceleration, particularly since its driving force, the shelter index, has been moderating for five months. The consumer price measure plays a big role in […]
BANK OF ENGLAND RATE SETTER HINTS AT MPC DISAGREEMENT OVER NEGATIVE RATES
By Laurie Laird LONDON (MaceNews) – A top Bank of England official suggested Friday that rate setters have yet to agree on the merits of implementing negative rates in the UK. “Different members of the MPC will have a different take” on the efficacy of sub-zero interest rates, said Dave Ramsden, a member of the […]
FRIDAY WASHINGTON SCHEDULES FROM MaceNews
WASHINGTON (MaceNews) – The following are Friday’s schedules for the White House, Treasury, the Capitol and for upcoming economic data: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORFRIDAY, FEBRUARY 5, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval Office. This meeting will be […]
JAPAN DEC HOUSEHOLD SPENDING SLIPS Y/Y BUT OCT-DEC GAIN POINTS TO Q4 GDP GROWTH
By Max Sato (MaceNews) – Japan’s household spending in December suffered the first year-on-year drop in three months, albeit modest, as more people turned cautious about eating out and traveling outside their areas, data released Friday by the Ministry of Internal Affairs and Communications showed. But the key indicator of private consumption marked the second […]
BOE GIVES BANKS 6 MONTHS NOTICE TO PREPARE FOR POSSIBLE SUB-ZERO RATES
— Leaves rates, QE Programme Unchanged After February Rate-Setting Meeting By Laurie Laird LONDON (MaceNews) – The Bank of England has asked UK financial institutions to begin a six month preparation period in the event the UK economy requires the additional stimulus of a sub-zero base rate. The Bank’s Monetary Policy Committee “concluded that it would […]
THURSDAY’S WASHINGTON SCHEDULES
WASHINGTON (MaceNews) – The following are Thursday’s schedules for the White House, Treasury, the Capitol and upcoming economic data: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, FEBRUARY 4, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval Office. This meeting is closed […]
FED’S EVANS TO REPORTERS: WANT TO SEE DATA SHOWING INFLATION ACTUALLY GOING UP
By Steven K. Beckner (MaceNews) – Chicago Federal Reserve Bank President Charles Evans said Wednesday evening that he and his colleagues will be putting much more emphasis on “contemporaneous data” than on economic projections in deciding when to start reducing the pace of Fed asset purchases. Evans, a 2021 voting member of the Fed’s policy-making […]
ITALY: DRAGHI TASKED WITH FORMING UNITY GOVERNMENT; ‘CONFIDENT’ PARTIES WILL JOIN
By Silvia Marchetti ROME (MaceNews) – Former European Central Bank chief Mario Draghi was handed on Wednesday the mandate to form a new government by Italy’s head of state Sergio Mattarella and put an end to Italy’s political crisis. “It’s a difficult moment. There’s a dramatic health crisis, which requires adequate responses in defeating the […]
WEDNESDAY WASHINGTON SCHEDULES
WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, the Capitol and with upcoming economic data: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, FEBRUARY 3, 2021 In the afternoon, the President and the Vice President will receive the President’s Daily Brief in the Oval Office. This meeting is […]
STATUS CHECK COMMENTARY: THE MARKET FOR TRUTH IS A LOT LIKE THAT FOR GAMESTOP
WASHINGTON (MaceNews) – The following is Tuesday’s status check of developments in the U.S. that can influence economic, health and political outcomes: • So much grief abroad in the land as dad comes home and the true meaning of “custodial account” becomes dinner table conversation. Discussion. Argument. Finally dad loses it. For a 13-year old […]