Fed’s Beige Book Sees ‘Somewhat Faster Rate’ of Activity, With Higher Prices, Disruptions Offset Somewhat by High Demand
WASHINGTON (MaceNews) – The Federal Reserve’s Beige Book survey of economic conditions coast to coast, prepared for the mid-June FOMC meeting, Wednesday reflected faster growth, higher prices, supply disruptions and firms struggling to cope while benefiting from strong demand coupled with inadequate hiring candidates. The survey, prepared by the Cleveland Federal Reserve Bank up to […]
Italy’s Layoff Freeze Soon to End But Government Eyes Job ‘Incentives’, Confident In Recovery – Sources
By Silvia Marchetti ROME (MaceNews) – Italy’s pandemic layoff freeze will be lifted at the end of June but the recovery underway and special government incentives will likely push firms to keep their employees and potentially hire more, said ruling coalition sources. “The layoff freeze has been a key measure which was adopted right after […]
Euro Use Remained Near Historic Lows in 2020; Share of Official Reserves Falls
–ECB’S Panetta Hails Steadiness in Comparison with Sovereign Debt Crisis By Laurie Laird LONDON (MaceNews) – The euro’s share in global transactions remained at 19% in 2020, a performance hailed as an accomplishment by a senior ECB official given the low rates of return in the bloc. The share of euro transactions “has not decreased; […]
Wednesday’s Washington Schedules from Mace News
WASHINGTON (MaceNews) – The following are Wednesday’s public schedules for the White House, Treasury, the State Department, the Capitol and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FOR WEDNESDAY, JUNE 2, 2021 In the morning, the President and the Vice President will receive the President’s Daily […]
Tuesday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Tuesday’s public schedules for the White House, Treasury, the State Department, the Capitol and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE ANd PRESS SCHEDULE FOR TUESDAY, JUNE 1, 2021 In the morning, the President will receive the President’s Daily Brief. This meeting will […]
Monday’s Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Monday’s public schedules for the White House, Treasury, the State Department, the Capitol and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, MAY 31, 2021 In the morning, the President will receive the President’s Daily Brief. This meeting will be […]
Japan April Factory Output Rises To Pre-Pandemic Level on Capex Demand
— Japan’s METI Keeps View Output Picking Up Despite Fluctuations By Max Sato (MaceNews) – Japan’s industrial production marked the second monthly straight rise in April, recovering to the pre-pandemic level, as solid demand for capital investment in chip-making equipment among others more than offset automobile output cutbacks caused by semiconductor shortages, data released Monday […]
Saturday/Sunday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are the public schedules for the White House, Treasury, the State Department, the Capitol and for upcoming economic data and for Federal Reserve events: The White House WEEKEND GUIDANCE AND PRESS SCHEDULE FORSATURDAY, MAY 29, 2021 AND SUNDAY, MAY 30, 2021 On Saturday, the President has no public events scheduled. On […]
US Data Preview: Jobs Report, Beige Bk, ISMs and the Inflation-Deflation Conundrum
WASHINGTON (MaceNews) – Who cares if AMC is up more than 40% one hour and then down 2% another hour, that the U.S. Senate wears itself out going nowhere, that the Biden administration’s budget wish list sees growth back down to 2.2% then lower after next year. Not to worry, we’re at the beach – […]
Eurozone Economic Sentiment Improves in May on Boost from Services
ZURICH (MaceNews) – Economic sentiment in the Eurozone rose to higher-than-expected levels in May, driven by a strong performance in the services sector, the latest report from the European Commission showed. The Economic Sentiment Index (ESI) rose to 114.5 in May from 110.5 in April, beating the median of 112.1 in an Econoday survey of […]