Bundesbank’s Weidmann Doesn’t Rule Out Tighter ECB Policy Amid Inflation Rise
ZURICH (MaceNews) – In the face of a sharp inflation increase, Bundesbank President Jens Weidmann said he doesn’t rule out higher interest rates from the European Central Bank. In an interview with the German newspaper Welt am Sonntag, Weidmann said that euro member states should not rely on the central bank to help finance an […]
US Data Preview Commentary: CPI, PPI, UMich and Most Important and Least Regarded, Productivity
WASHINGTON (MaceNews) – It’s inflation week, with the CPI and the PPI on Wednesday and Thursday, reigniting the now sterile speculation about whether price pressures are transitory, when it’s more important for the same question to be applied to a quite different economic statistic, Tuesday’s report on productivity. Simply stated, productivity growth is what sustains […]
Saturday/Sunday Washington Schedules from News
WASHINGTON (MaceNews) – The following are the schedules for Saturday and Sunday for the White House, Treasury, the State Department, the Capitol and for upcoming Federal Reserve events: The White House WEEKEND GUIDANCE AND PRESS SCHEDULE FORSATURDAY, AUGUST 7, 2021 AND SUNDAY, AUGUST 8, 2021 On Saturday and Sunday, the President has no public […]
Germany’s Industrial Output Unexpectedly Fell in June, Falling 1.3%
ZURICH (MaceNews) – Industrial production in Germany unexpectedly fell in June, declining 1.3 percent from the previous month, according to the latest report from the Federal Statistics Office (Destatis) The decline was in contrast to a larger-than-expected increase in factory orders reported yesterday, and also below the median for a 0.5 percent gain according to […]
Friday’s Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Friday’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 FORFRIDAY, AUGUST 6, 2021 In the morning, the President will receive the President’s Daily Brief in the Oval Office. This meeting will be […]
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 […]