Japan February Machine Orders Post 2nd Straight Monthly Drop Amid Uncertainty
–Japan Govt Downgrades View: Pickup in Machine Orders Stalling By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, posted a sharper-than-expected second straight monthly drop in February amid uncertainty over economic growth caused by surging producer costs and the war in Ukraine, data released Wednesday by the […]
White House and Other Schedules for Tuesday, April 12
WASHINGTON (MaceNews)—The following are Tuesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, APRIL 12, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Then, the […]
WHITE HOUSE AND OTHER SCHEDULES FOR MONDAY, APRIL 11
WASHINGTON (MaceNews)—The following are Monday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US Data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, APRIL 11, 2022 In the morning, the President will return to the White House from Wilmington, Delaware. The departure from Delaware Air […]
FOMC: Likely Bal Sheet Runoff to be $60 Bln Tsys/Month, $35 Bln MBS/Month
WASHINGTON (MaceNews) – The Federal Open Market Committee minutes released Wednesday suggested a more aggressive runoff of the balance sheet than had generally been expected – at least before Gov. Lael Brainard’s more hawkish statements Tuesday – sending markets into sudden volatility as the implications were absorbed by market participants. The details of what the […]
Biden Admin Budget Proposals Hit Billionaires, Deficit
WASHINGTON (MaceNews) – President Biden Monday afternoon formally unveils his fiscal 2023 federal government budget proposals, increasing military spending – which Republicans like – and inventing a new tax on unrealized capital gains aimed the the richest tier of Americans – which Republican pledge to kill as fast as possible. The White House fact sheet […]
US Nat’l Security Adviser Sullivan: Pres Biden to Consult w/Allies on Potential Russia Use of Nukes
WASHINGTON (MaceNews) – U.S. National Security Adviser Jake Sullivan Tuesday answered a reporter’s question about Russia’s use of possibly smaller nuclear weapons in Ukraine: by saying President Biden will this week, in his visit to Brussels, be consulting with allies on ‘that potential contingency.” Sullivan’s verbatim response follows: “President Putin, in the early days of […]
FOMC: Qtr Point Hike As Expected; Few Specifics on Future Action
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday fulfilled expectations for a quarter-point fed funds rate hike, the first such since 2018, accompanied by a pledged to begin pulling back Treasury and Agency securities holdings “at a coming meeting.” The text follows: Indicators of economic activity and employment have continued to strengthen. Job gains […]
Text: G7 Details Current and Future Sanctions Vs Russia
WASHINGTON (MaceNews) – The following is the joint statement statement Friday by the Group of Seven countries, detailing new current sanctions and anticipated future sanctions being imposed on Russia: We the Leaders of the Group of Seven (G7) remain resolved to stand with the Ukrainian people and government who heroically resist Russian President Vladimir Putin’s […]
Foreign Ministers of Russia and Ukraine Complete Unproductive Meeting in Turkey
(MaceNews) – Foreign ministers of Russia and Ukraine, Sergei Lavrov and Dmitry Kuleba, completed their meeting in the Turkish Mediterranean resort town of Antalya, the highest-level meeting between the two post-Soviet states on the15th day of shocking bloodshed in Europe since Russia invaded Ukraine on Feb. 24th. There was no progress to report but the […]
Japan January Unemployment Edges Up To 2.8% Amid Covid Restrictions
— Job Cuts Y/Y Deeper in Wholesale, Retail, Education— Hospitality Jobs Up on January 2021, When Covid State of Emergency Imposed By Max Sato (MaceNews) – Job creation in Japan remained weak in January compared to a year earlier and the unemployment rate edged up from December as more people either lost their jobs or […]