Category: Economy

Updated: Preview: Japan Q3 GDP Seen Posting 1st Contraction in a Year on Pullback in Net Exports, Public Works; Consumption, Capex Likely Rebound but Sluggish

–Updates Household Spending and BOJ Consumption Activity Index Information in 9th and 10th Paragraphs –Pent-Up Demand for Eating Out, Travel Appears to Wane –Q4 GDP Seen Up but Faces Slowing Global Growth By Max Sato (MaceNews) – Japan’s gross domestic product for the July-September quarter is forecast by economists to post its first contraction in […]

White House and Other Schedules for Monday, Nov 5

WASHINGTON (MaceNews) – The following are Monday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULEFOR MONDAY, NOVEMBER 6, 2023  In the morning, the President will travel to New Castle County, Delaware from Rehoboth Beach, Delaware. The […]

Italy’s Meloni one-year rule delivers more debt, likely rejection of ESM reform – say opposition sources, analysts

–Analysts see negative fallout for financial markets –Issuance of USD-denominated bonds set aside By Silvia Marchetti ROME (MaceNews) – Italian Premier Giorgia Meloni’s one-year anniversary of government rule has led to few results on the economy, say opposition forces, with more public debt piling up and the likely rejection of the key European Stability Mechanism […]

ISM: US October Services Sector in Expansion for 10th Straight Month but Slows Down Sharply in Light of Geopolitical Risks, Labor Costs and Shortages

–ISM’s Nieves: Purchasers’ Sentiment Mixed; Some Optimistic, Others Concerned about Inflation, Interest rates and Geopolitical events –Nieves: Too Early to Tell How Labor Strikes Will Affect Services Sector–Nieves: Given Rise in New Orders, Sector Might See an Uptick in November    By Max Sato (MaceNews) – Business activity in the U.S. services sector was in positive […]

White House and Other Schedules for Friday, Nov 3

WASHINGTON (MaceNews) – The following are Friday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULEFOR FRIDAY, NOVEMBER 3, 2023  In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]

White House and Other Schedules for Thursday, Nov 2

WASHINGTON (MaceNews) – The following are Thursday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR THURSDAY, NOVEMBER 2, 2023  In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Then, […]

FOMC Stays On Hold But Tilts Toward Another Funds Rate Hike

– Powell: Policy ‘Restrictive’ But Must Be Confident It’s ‘Sufficiently Restrictive’ – Powell: FOMC Not Considering Rate Cuts Or Halting Quantitative Tightening – Powell: ‘Proceed Carefully’ In Deciding How Much More Higher Rates May Go – Powell Declines To Say Bond Yield Spike Substitutes For Fed Rate Hikes By Steven K. Beckner (MaceNews) – The […]

TRANSCRIPT: Fed Chair Powell’s Post-FOMC Q&A

WASHINGTON (MaceNews) – The transcript of Federal Reserve Chair Jerome Powell’s post-FOMC news conference: .>> Good afternoon, everyone. Welcome. My colleagues and I remain squarely focused on our dual mandate to promote maximum employment and stableness for the American people.

FOMC Keeps Rates Unchanged And Preserve Possibility of Future Tightening; Financial Conditions Tighter

WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday fulfilled expectations for a stand-still policy statement, noting financial and credit conditions have tightened and job gains have moderated – “but remain strong.” The barer-bones statement, very similar to the language in the preceding statement, follows: Recent indicators suggest that economic activity expanded at a strong […]