Archive

Data Round-Up: CPI Shows Higher Core Inflation; FOMC Still Likely to Stand Pat

written by Michael Lewis on Wednesday, March 16, 2016

FMI’s analyses of today’s February CPI, Industrial Production, and Housing Starts reports.

FOMC Eyes a More Dovish Course: Just 2 Rate Hikes in 2016

written by Michael Lewis on Wednesday, March 16, 2016

FMI’s commentary on today’s FOMC post-meeting statement and Yellen news conference.

Data Round-Up: March Fed Surveys Show Green Shoots in Manufacturing

written by Michael Lewis on Thursday, March 17, 2016

FMI’s review of today’s March Philadelphia Fed regional manufacturing survey, January JOLTS data and the latest Weekly UI Claims & Rail Traffic results.

TOE March 2016

written by Richard Katz on Monday, March 7, 2016

Richard Katz's March 2016 issue of the Oriental Economist. Topics include Abe’s Approval: A Mile Wide, Just An Inch Deep, So Strong and Yet So Weak; Negative Rate Backfire, Tax Postponement Mulled; Raising Profits without Raising Sales, A New Bottom Line; Nuke Power Plans Don’t Add Up and Flood of New Diet Members Decimates LDP ‘Old Guard’ - Abe’s New Conservativism

TOE Alert: Court Injunction Probably Just Delays, Not Prevents, Nuke Restarts

written by Richard Katz on Thursday, March 10, 2016

Key points: - Court decision ordering shutdown of two nuclear reactors will likely just delay, rather than prevent, restarting many of Japan’s reactors - High courts will likely maintain their past rulings that lower courts must defer to the expertise of the nuclear regulators - Still, the decision could lead to other court cases causing further delays and more costs for the utilities - If the courts make the utilities add additional safety measures, that could lead the utilities to lessen the number of reactors they find financially viable - Tomorrow is the fifth anniversary of the march 2011 Fukushima disaster, and only two nuclear reactors are back in operation, far less than any pro-nuclear policymaker to whom we spoke expected by this time - The Abe administration policy is to have nuclear power supply 20-22% of all electricity in Japan by 2030; this goal is unlikely to be met

Inventory Correction Should Be Essentially Done by Spring

written by Michael Lewis on Friday, March 11, 2016

FMI’s Commentary on the soon-to-be-concluded inventory correction, as well as our review of February U.S. Dollar and Trade Prices data and our Preview of the coming week’s major data releases.