US Data Preview: Jobs Rpt, ISMs, Lots of FedSpeak
WASHINGTON (MaceNews) – The week ahead’s economic data is highlighted by Friday’s jobs report, telling us what we already know about March, that employment improved as rebound hiring kept climbing the long road back to full employment. Monday’s appearance of Federal Reserve Chair Jay Powell is on the usually market insensitive subject of community development, […]
Eurozone April Flash HICP Rises 1.6% Y/Y on Energy Prices; Ex-Energy +0.8% Y/Y
ZURICH (MaceNews) – Inflation in the Eurozone accelerated to 1.6% year-on-year, rising from a 1.3% rate in March, driven higher by energy prices, according to the latest figures from Eurostat. The result was in-line with the median forecast of an Econoday survey of economists. Excluding energy prices which rose 10.3% on a year-on-year basis in […]
Friday White House Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Friday’s schedules for the White House, Treasury, the State Department, the Capitol and for upcoming economic data: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORFRIDAY, APRIL 30, 2021 In the morning, the President will receive the President’s Daily Brief in the Oval Office. This meeting will be closed […]
Japan Mar Factory Output Rebounds on Limited Chip Shortage Impact
By Max Sato –METI: Producers See Capex Demand to Lead April Output (MaceNews) – Japan’s industrial production unexpectedly rebounded in March as the impact of semiconductor shortages was limited and the drag from a quake-triggered supply chain constraint eased, preliminary data released Friday by the Ministry of Economy, Trade and Industry showed. In the near-term, […]
Japan Apr Tokyo CPI Slip on Lower Mobile Phone User Fees
By Max Sato –Gasoline Prices on Clear Uptrend But Energy Costs Still Down on Year (MaceNews) – Consumer prices in Tokyo, a leading indicator of the national average, posted a slightly larger year-on-year drop in the core reading in April, compared to March, as mobile carriers lowered communications fees in response to a government request, […]
ECB’S Chief Economist Highlights Effect of Corporate Bond Purchases; Hints at Clarification of Inflation Targeting
By Laurie Laird — Central banks must be willing to countenance above-target inflation, says Philip Lane LONDON (MaceNews) – Corporate bond purchases have made an important contribution to the European Central Bank’s stimulus programme, according to the ECB’s chief economist, who also hinted at a possible reinterpretation of the Bank’s efforts to meet its inflation […]
US 1Q GDP Technical Note – Breakdown of Key Elements
WASHINGTON (MaceNews) – The following is the text of the U.S. Bureau of Economic Analysis technical note on the elements of the first quarter advance GDP report published Thursday: Gross Domestic Product, First Quarter 2021 (Advance Estimate)April 29, 2021 This technical note provides background information about the source data and estimating methods used to produce […]
Eurozone Economic Sentiment Shows Strong Gains in April and Beats Expectations
ZURICH (MaceNews) – Sentiment in the Euro-area showed a marked improvement in April, driven by an all-time high for industrial sentiment, and is now above the pre-pandemic level for the first time, according to the latest European Commission report. The Economic Sentiment Index (ESI) rose to 110.3 in April, resoundingly above the 103.0 median forecast […]
Thursday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Thursday’s schedules for the White House, Treasury, the State Department, the Capito and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, APRIL 29, 2021 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]
FOMC Stands Pat; Powell Gives No Hint of Less Easy Monetary Stance
By Steven K. Beckner (MaceNews) – Despite mounting signs of economic recovery, Federal Reserve policymakers voted Wednesday to maintain their super loose credit policies, and Chairman Jerome Powell gave no hint the Fed is ready to become less aggressively expansionary. The Fed’s rate-setting Federal Open Market Committee FOMC did make significant changes in its policy […]