This week is the week everyone has been waiting for. Stocks and the economy have slumped this week as key inflation data are released, as well as the Federal Open Market Committee’s rate decision and Federal Reserve Chairman Jerome Powell’s press conference. Investors are hopeful that they will finally have a clearer picture of what … Read more
Richmond Fed President Barkin said the U.S. economy may be entering an era of prolonged labor supply constraints. That situation will continue to put upward pressure on inflation, and companies may need to pay more to attract and retain talent, he said. The governor will give a lecture in Virginia on the 2nd. “The labor … Read more
The U.S. personal consumption expenditures (PCE) core price index fell short of market expectations in October, posting the second slowest growth of the year. Growth in personal consumption expenditure accelerated. The move raised hopes that the Fed could keep inflation under control without triggering a recession, even as it continues to raise interest rates. Key … Read more
The number of US job openings in October fell from the previous month, further suggesting a cooling labor market. That bodes well for the Fed, which is looking to curb demand across the economy. U.S. Private Employment Grows at Lowest in Nearly Two Years; Wage Growth Slows – ADP (1) Key Point The number of … Read more
Unrealized gains and losses on JGBs held by the Bank of Japan fell to minus 874.9 billion yen at the end of September. This is the first unrealized loss since the introduction of a different level of monetary easing in April 2013. 22nd yearFirst half financial resultswas announced on the 28th. Under its yield curve … Read more
In the Tokyo foreign exchange market, the yen traded against the US dollar at the low 150 yen level, near the lowest level in 32 years. Against the backdrop of the rise in US long-term interest rates, the yen-selling and dollar-buying pressure continues as the interest rate gap between Japan and the US widens. On … Read more
Yoichi Miyazawa, chairman of the Liberal Democratic Party’s tax system research, said that he would consider revising financial income taxation during the ruling party’s discussions on tax reform toward the end of the year, while also taking market trends into consideration. 17, he said in an interview with reporters. Mr. Miyazawa pointed out that there … Read more
Wall Street had hoped the Fed might be able to ease its attack on inflation later this year. This hope was definitively dashed on the 13th. The U.S. consumer price index (CPI), released Wednesday, posted better-than-expected gains in September, pushing the core index, which excludes volatile food and energy, to a 40-year high. U.S. core … Read more