US Tsy: August Added $214 Bln To National Debt
By Denny Gulino WASHINGTON (MaceNews) – The U.S. Treasury reported Thursday that August’s federal budget was in deficit by $214.1 billion and the total for 11 months of the government’s fiscal year is a deficit of $898.1 billion, another step on the path to trillion dollar annual deficits forecast for the beginning of the next […]
US CPI/PPI NOT EXACTLY A REFLATION SCRIPT
By Denny Gulino WASHINGTON (MaceNews) – While not dramatically decelerating, two main measures of U.S. inflation are registering a surprising pause in their acceleration that is coupled to anecdotal reports of renewed widespread price cuts. Thursday’s Consumer Price Index for August, up 0.2%, showed an annual rate after seasonal adjustment of 2.7% – despite the […]
ECB CONFIRMS WINDING DOWN QE YEAR-END
By Laurie Laird LONDON (MaceNews) – The European Central Bank Thursday confirmed plans to wind down its quantitative easing programme by year end, despite signs of a slowdown in euro zone industrial activity toward the end of the summer. The 0.8% slump in industrial production recorded in July represented a “sign of convergence of the […]