US ISM Manufacturing PMI Expands for 6th Straight Month in June but at Slower Pace as New Orders, Production Take Breather after Rising in May
–ISM’s Spence: Not Much Stockpiling During Iran War as Seen in Early Days of High US Tariffs Slapped Last Year–Spence: Still Cautious about 2026 Outlook but June, Semiannual Reports Indicate Optimism Among Firms By Max Sato (MaceNews) – U.S. manufacturing activity expanded for the sixth straight month in June but at a slower pace than […]
Japan Government Keeps Gradual Economic Recovery View as Global Energy Prices Have Eased, Consumer Sentiment Has Picked Up from Recent Bottom
–Government Also Warns Mideast Conflict Has Triggered a Spike in Producer, Import Costs By Max Sato (MaceNews) – Japan’s government continues to predict that the economy will stay on a gradual recovery track, noting that its fuel subsidies and free high school education are helping ease inflation and hot weather is lifting consumer sentiment, but it also […]
Japan Week Ahead: BOJ June Quarter Tankan Business Survey to Show Mideast Conflict Dented Confidence Slightly, Pushed Up Costs for Many Sectors
–Hot Weather, Rising Stock Markets Seen Lifting Retail Sales in May, Job Creation Continues, Factory Output to Extend Monthly Gain on Export Demand By Max Sato (MaceNews) – The tentative U.S.-Iran peace agreement has led crude oil prices lower to pre-war levels, calming jitters among policymakers and investors, but Japanese households and businesses will still […]
Preview: Forecasters See Japan Tokyo CPI Accelerating in June as Commodity Prices Rise
By Chikafumi Hodo TOKYO (MaceNews) – Tokyo’s consumer price index, a leading indicator of the national inflation trend, is expected to accelerate in June, reflecting higher energy costs and supply concerns surrounding naphtha, other oil products and chemicals amid heightened geopolitical tensions in the Middle East following the conflict involving the United States and Iran. […]
The ‘Maestro’ Knew How to Move Markets When He Wanted
By Denny Gulino WASHINGTON (MaceNews) – For any reporter covering Alan Greenspan there was a reliable imperative, read the text of his latest speech very closely because there was likely a zinger in there, a sentence that he intended to be the quote of the day, whether “irrational exuberance” or the ‘winner-take-all economy.” It was […]
Analysis: What’s Next after Starmer Resigns as UK Prime Minister
By Laurie Laird LONDON (MaceNews) – UK Prime Minister Keir Starmer resigned as leader of the Labour Party early on Monday, bringing an end to his turbulent two-year spell as prime minister. A visibly-emotional Starmer acknowledged that he’d lost the confidence of his Labour Party colleagues and pledged his full support to his successor. He’ll […]
Update: Japan Week Ahead: Markets Look for Signs of Follow-Up BOJ Move in A Few Months After Milestone Rate Hike in June, Warning about Inflation
–Updates to Show New Date for Monthly Economic Report –June Tokyo CPI Inflation Seen Accelerating on Rising Costs for Plastics, Other Goods amid Mideast Materials Supply Squeeze but Still Below 2% BOJ Target By Max Sato (MaceNews) – Financial markets are expected to be volatile in the coming week after Iran announced on the weekend […]
FOMC Holds Rates Steady; Drops Easing Bias By Ending Forward Guidance
— SEP Shows Fed Officials See Funds Rate Rising To 3.8% By End ‘26; Back to 3.6% end ’27 – -SEP Inflation Forecast Lifted for 2026 From 2.7% to 3.6% — Warsh Didn’t Submit Funds Rate Dot; Half Want Rate Same or Lower; Half Want Rate Hike – -Warsh Committed To 2% Inflation; ‘Compatible’ With […]
TRANSCRIPT: Fed Chair Warsh Says Wants Changes, Appoints Five Task Forces, But Will Keep 2% Inflation Target
WASHINGTON (MaceNews) – The following is a rough transcript of the responses of the new Federal Reserve chair, Kevin Warsh, to reporters’ questions in his first post-Federal Open Market Committee news conference Wednesday: >> Good day. It’s an honor, a true honor to take up this duty at a time of such consequence. I’ve been […]
ABBREVIATED FOMC STATEMENT CONTAINS NO FORWARD GUIDANCE
WASHINGTON (MaceNews) – The drastically abbreviated Federal Open Market policy statement follows, containing no forward guidance, no dissents, no rate change and which drops easing bias, as expected: The Federal Open Market Committee approved the following statement for release by a 12 – 0 vote: The Committee decided to maintain the target range for the […]