Category: Economy

Fed’s Warsh Issues Strong Warnings About Inflation at Fed’s Jackson Hole Symposium

– Warns Expectations Could Become Unanchored if Inflation Stays Elevated – Reaffirms that the Fed’s Job Is To ‘Deliver Stable Prices’ – Sees Labor Markets, Economy Performing Strongly Without Financial Restraint – Says Inflation ‘Has Not Meaningfully improved’ – Again Rejects ‘Forward Guidance’ Or Revealing Fed ‘Reaction Function’ By Steven K. Beckner (MaceNews) – Although […]

Japan Week Ahead: July Data to Show Mixed Start to Q3 after BOJ Deputy Governor Himino Downplays Weak Q2 GDP Growth, Keeps September Rate Hike Talk Alive

–July Factory Output to Show Pullback After Recent Gains, Heat Wave Props Up Retail Sales, Sluggish Household Spending Continues amid High Costs By Max Sato (MaceNews) – Financial markets have largely priced in a follow-up interest rate hike by the Bank of Japan in September, with only a three-month interval instead of an earlier expectation […]

Fed’s Collins: ‘Appropriate to Tighten Policy Soon’ If Inflation Doesn’t Recede

By Steven K. Beckner (MaceNews) – Boston Federal Reserve Bank President Susan Collins is willing to support an increase in short-term interest rates if forthcoming reports on inflation don’t show it coming down as she hopes, comments released by the bank Tuesday reveal. Without evidence of moderating inflation, she believes “it will be appropriate to […]

Japan Week Ahead: Markets Seek Hints from BOJ Deputy Governor Himino’s Speech on Board Concerns About Upside Inflation Risks amid Weak Q2 GDP Growth

By Max Sato (MaceNews) – Market participants are looking for any clues to whether the Bank of Japan board is getting closer to raising interest rates further in September, instead of waiting until October, when the board updates its economic projections and risk analysis in the quarterly Outlook Report. BOJ Governor Kazuo Ueda clearly indicated […]

Fed Officials Proceed Cautiously Ahead of September FOMC Meeting, Jackson Hole

By Steven K. Beckner (MaceNews) – Federal Reserve officials generally agree on the need to lower inflation, but they take divergent positions on what path monetary policy needs to take in the near term to achieve that, and on how quickly the Fed needs to take action. There was considerable support for higher interest rates […]

Preview: Forecasters See Japanese CPI Inflation Picking Up Steam in July Data

Consensus outlook for Mace NewsFriday, Aug 21, 20260830 JST (2330 GMT/1930 EDT Thursday, Aug 20) The Ministry of Internal Affairs and Communications releases July CPI. Mace News median: total CPI +1.9% y/y (range: +1.8% to +2.0%) vs. June revised down to +1.6% under new base year formula from +1.7%; core CPI (ex-fresh food) +1.8% y/y […]

Preview: Forecasters See Japanese Exports Surging Again in July Trade Report

Consensus outlook for Mace NewsThursday, Aug 20, 20260850 JST (2350 GMT/1950 EDT Wednesday, Aug 19) The Ministry of Finance releases July trade.Mace News median: exports +21.2% y/y (range: +19.0% to +23.8%) vs. +19.3% in June; imports +26.5% y/y (range: +21.0% to +29.2%) vs. +25.4% in June; trade deficit ¥670.70 billion (range: a deficit of ¥708.80 […]

Preview: Forecasters See Japanese Machinery Orders Bouncing Back in June Report

Consensus outlook for Mace News Wednesday, August 19, 20260850 JST (2350 GMT/1950 EDT Tuesday, August 18) The Cabinet Office releases June and April-June machinery orders.Mace News median: core orders +8.6% m/m (range: +6.5% to +11.7%) vs. May -12.4%; +11.0% y/y (range: +8.9% to +15.1%) vs. May -1.9% By Chikafumi Hodo TOKYO (MaceNews) – Japan’s core […]