Japan June Household Spending Dips Against Subsidy-Led 2020 Shopping
–Expenditures Rebound in Q2 But Still Sluggish Amid COVID Restrictions By Max Sato (MaceNews) – Japan’s household spending lost some steam in June amid restrictions on economic activity aimed at slowing the spread of the pandemic and in reaction to high purchases of appliances a year earlier spurred by COVID-19 cash handouts, data released Friday […]
German June Manufacturing Orders up 4.1% M/m, Driven by Large Orders
ZURICH (MaceNews) – Demand for German manufactured goods rose 4.1 percent in June from the previous month, driven by large orders, the Federal Statistics (Destatis) office in Wiesbaden reported. The result far exceeded expectations, with the median of and Econoday survey of economists’ forecasts calling for a 1.5 percent gain, and reversing the revised decline […]
Thursday’s Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Thursday’s schedules for the White House, Treasury, the State Department, the Capitol and for upcoming Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, AUGUST 5, 2021 In the morning, the President will receive the President’s Daily Brief in the Oval Office. This meeting […]
Fed’s Clarida Conditionally Points Toward Tapering Announcement ‘Later This Year’
–But Fed Vice Chairman Wants ‘Several Months’ of Labor Market Data By Steven K. Beckner (MaceNews) – Federal Reserve Vice Chairman Richard Clarida pointed toward a potential announcement of reduced asset purchases “later this year,” but said it will probably take “several months” to get a clear employment picture. Clarida was upbeat in a webinar […]
Italy Buys Time to Clear Ambitious Fiscal Reform, Resources Needed for Tax Cuts – Sources
By Silvia Marchetti ROME (MaceNews) – Italy’s government is expected to clear after the summer break a series of tax cuts to support low earners and struggling firms but needs time to find resources, according to ruling coalition sources. “This is a key fiscal reform which we were hoping to approve before parliament shuts this […]
Wednesday’s Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, the State Department, the Capitol and for upcoming Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, AUGUST 4, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the […]
Tuesday’s Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, the State Department, the Capitol and for upcoming Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FOR TUESDAY, AUGUST 3, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval […]
July Core Tokyo CPI Marks 1st Y/Y Rise in A Year on Higher Energy Costs
— Smaller Processed Food Price Drop, Newspaper Markups Also Support CPI— Total CPI in Capital Dips on Slump in Volatile Fresh Food Prices By Max Sato (MaceNews) – Consumer prices in Tokyo, a leading indicator of the national average, posted the first year-on-year rise in 12 months in July in the core measure, as gasoline-led […]
Monday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Monday’s schedules for the White House, Treasury, the State Department, the Capitol and for upcoming Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, AUGUST 2, 2021 In the morning, the President will receive the President’s Daily Brief at Camp David. This meeting will be […]
US Data Preview Commentary: Jobs Report, ISMs and Again, Evictions, Delta Variant Threats and Questions about Booster Shots
WASHINGTON (MaceNews) – A muted deep summer week ahead with a jobs report that will surprise no one, no matter what it says. There will have been a lot of hiring in July, an unemployment rate that may improve a little and still many, many unemployed people. The weekly benefit claims for the survey week […]