Data Preview: But First, March Payrolls Were Strong – and Irrelevant for the Long Haul – As ‘Benchmark Effect’ Skews Perceptions
WASHINGTON (MaceNews) – The next steps for the U.S. economy and the monetary policy that nurtures and sustains it beyond Friday’s strong jobs report are the same as before the report, a long slog of many more such reports before the recovery approaches, re-employment becomes new employment and rates edge up to normal. The phase […]
Friday Washington Schedules from Mace News
WASHINGTON (MaceNews) – The following are Friday’s schedules for the White House, Treasury, the Capitol and for upcoming economic data and Federal Reserve events The White House DAILY GUIDANCE AND PRESS SCHEDULE FORFRIDAY, APRIL 2, 2021 In the morning, the President will receive the President’s Daily Brief in the Oval Office. This meeting will be […]
Strong Recovery Demand Masking US Supply Chain Crisis as Wht Hse Fixes Lag
WASHINGTON (MaceNews) – The day’s ISM report on manufacturing focused on supply-chain blockages that will continue into the late summer with the White House effort to diagnose the problem lagging. The Institute for Supply Management’s report showed manufacturing momentum powered up in March, with the index coming in considerably above expectations at 64.7. The new […]
BOJ Mar Tankan Business Sentiment Up But Many Cautious Ahead – Corrected
By Max Sato — Companies Plan More Active Capex in FY’21 Vs FY’20— Firms Assume Dollar/Yen To Fall Slightly in FY21, Euro/Yen To Rise (MaceNews) – Japanese firms in many industries reported their sentiment improved in March from three months earlier, thanks to a pickup in global and domestic demand on hopes that vaccines will […]
Thursday Washington Schedules from MaceNews
WASHINGTON (MaceNews)– The following are Thursday’s schedules for the White House, Treasury, the Capitol and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, APRIL 1, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval Office. This […]
Eurozone March Flash HICP Rises to 1.3% Year-on-Year on Energy Costs
ZURICH(MaceNews) – Inflation in the Euro-area increased in March, rising 1.3% year-over-year, driven higher by rising energy costs, according to data released by Eurostat. The March result matched the median forecast of an Econoday survey of economists, and was well above the 0.9% rate in February. Compared to a month ago, prices also rose 0.9%, […]
Japan Feb Factory Output Slips; Carmakers Hit by Global Chip Shortage
By Max Sato — Japan’s METI Says Feb. 13 Quake Also Delayed Auto Parts Supply (MaceNews) – Japan’s industrial production posted the first drop in two months after a sharp rebound in January, as global semiconductor shortages had prompted carmakers to trim output, preliminary data released Wednesday by the Ministry of Economy, Trade and Industry […]
Wednesday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, the Capitol and for upcoming economic data and for Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, MARCH 31, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval […]
Eurozone Economic and Consumer Confidence Improved in March
ZURICH (MaceNews) – Economic sentiment in the Euro-area rose sharply in March and is above it’s long-term average for the first time since the COVID-19 outbreak began, the European Commission said in its latest report Tuesday The Economic Sentiment Indicator (ESI) rose 7.6 points in March to 101.0, exceeding the median forecast of 96.0 in […]
Tuesday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, Capitol Hill and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, MARCH 30, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval Office. […]