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 […]
Japan February Tokyo Core CPI Rise Picks Up From January on Utilities, Processed Food
–Hotel Fees Slower After 2021 Double-Digit Gains Over 2020 Subsidized Discounts–Utilities Leading Energy Higher; Durable Goods Down As Stay-at-Home Demand Wanes–Most of Base Effect in Mobile Phone User Fee Cuts To Last Through March By Mas Sato (MaceNews) – The year-on-year rise in consumer prices in Tokyo, the leading indicator of the national average, picked […]
Analysis: Japan Economy Faces Headwind in Light of Russian Invasion of Ukraine
By Max Sato (MaceNews) – Japan’s wobbly economic recovery faces downside risks from high energy and commodities prices, which have surged on tensions over Ukraine between Russia and the West and could rise further on supply concerns now that Russia has invaded its neighbour. The direct impact of economic sanctions against Moscow on Japan’s trade […]
UPDATE: Pres Biden Upgrades Sanctions Vs Russia; ‘It’s a War Without a Cause’
By Frank Csongos and Denny Gulino WASHINGTON (MaceNews) – President Joe Biden announced Thursday new economic sanctions on Russia to punish its military invasion of Ukraine. Biden denounced Russian President Vladimir Putin of waging “naked aggression” and pledged Russia will bear the consequences. “It’s a war without a cause,” he said. Biden said the U.S. […]
Pres Biden: Haven’t Verified Any Russia Withdrawal; GOP Prepares Sanctions Bill
By Eric Ham WASHINGTON (MaceNews) – President Biden Tuesday said he has not verified Russia claims it is withdrawing some forces from nearby Ukraine as Republicans prepare their own sanctions legislation. In a brief statement delivered as U.S. stocks were posting gains on the possibility of a Russian drawdown, the president tempered the optimism with […]
Future of US Inflation Depends on Shelter Costs Flywheel
By Denny Gulino WASHINGTON (MaceNews) – Last month’s strong rate of increase in consumer prices reported Wednesday was the same, and for some major categories less, than in the previous month, suggesting that mathematical base effects will force indicated inflation to decelerate later this year. Most significantly, shelter costs, that contribute a third of all […]