ECB’S LAGARDE: ASSET BUYING AS LIKELY TO EXCEED CURRENT ALLOCATION AS TO FALL SHORT
— ECB President Denies New Language Toward PEPP Programme Reflects More Hawkish Attitude By Laurie Laird LONDON (MaceNews) – ECB warnings that it may not expend all of its emergency bond buying do not represent a more hawkish outlook toward the eurozone recovery, according to Europe’s top central banker. The rate-setting Governing Council raised eyebrows […]
IFO: GERMAN BUSINESS CONFIDENCE DECLINES IN JANUARY ON CORONA
By Marco Babic ZURICH (MaceNews) – German business conditions started the year off on a negative note as the second wave of the COVID-19 pandemic pushed both current conditions and business expectations lower, the Munich-based Ifo Institute said in a report Monday. Ifo’s Business Climate Index for January fell to 90.1 in January from a […]
DATA PREVIEW: 4Q GDP, IMF’S WEO, FOMC, DURABLE GOODS
WASHINGTON (MaceNews) – The upcoming week is packed with economic data, including the fourth quarter GDP, as well as a Federal Open Market Committee policy update and Chair Jay Powell’s news conference, and an update to the IMF’s World Economic Outlook. The GDP report is Thursday. The various GDPNow estimates don’t agree, with the New […]
JAPAN GOVT SEES CONTINUED ECONOMIC PICKUP AMID MIXED DATA, UPGRADES VIEW ON CHINA
By Max Sato (MaceNews) – Japan’s government Friday stuck to its recent assessment that the domestic economy is showing signs of a pickup from the pandemic-caused slump, pointing to a mixed bag of data – more cautious consumer spending against brighter spots in business investment and housing construction, according to its monthly report released by […]
JAPAN DEC CPI DROPS FURTHER ON LOWER ENERGY COSTS; HOTEL FEE DROP EASES AMID PANDEMIC
By Max Sato (MaceNews) – Japanese consumer prices posted a slightly sharper drop in December as energy costs continued falling. But a spike in coronavirus cases later in the month appeared to have slowed the use of the government-financed hefty discounts on hotel and transport charges, data from the Ministry of Internal Affairs and Communication […]
FOMC TO STAND PAT IN SEEKING MORE INFLATION, EMPLOYMENT
–Fed Officials Agree in Principle; Only Time Will Tell On Implementation By Steve Beckner (MaceNews) – Important questions but only tentative answers abound as the Federal Reserve approaches its first monetary policy meeting of the new year in a mood to await further economic, financial and, yes, public health developments before changing its policy settings. […]
BOJ KEEPS EASING POLICY STANCE AMID PANDEMIC, SLIGHTLY MORE UPBEAT ON FY21, 22 GROWTH
–Central Bank Still Sees Under 1% Inflation in 2 Years, Well Below 2% Target By Max Sato (MaceNews) – The Bank of Japan has maintained its policy stance, as expected, after extending the period of special easing tools last month amid growing downside risks, while continuing to forecast that the domestic economy will recover part […]
JAPAN DEC EXPORTS POST 1ST RISE IN OVER 2 YEARS AMID UNCERTAIN OUTLOOK
By Mas Sato (MaceNews) – Japanese exports recorded the first year-on-year gain in just over two years, as largely expected, thanks to a recent gradual pickup in global demand, but the outlook for one of the key growth drivers for slow domestic recovery remains uncertain amid a surge in new coronavirus cases in many parts […]
STATUS CHECK: ONE OUT OF MANY, THE RENEWED PROMISE OF INAUGURATION DAY
WASHINGTON (MaceNews) – The following is Tuesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. • Inauguration Day, and in an address tailored to the moment and maybe to the post-Trump era in the months ahead, Joe Biden kept his first day in office focused on the possibilities […]
TRANSCRIPT: PRESIDENT BIDEN’S INAUGURAL ADDRESS
–‘Democracy is Fragile. And at This Hour, My Friends: Democracy Has Prevailed’ WASHINGTON (MaceNews) – President Joe Biden Wednesday pledged, “My whole soul is in it,” as he delivered an Inaugural Address which heavily stressed the need for unity for the nation to meet the current challenges, from a still rampaging virus to internal divisions […]