BOAML SURVEY: THE ‘BULLS ARE BACK” AS GLOBAL GROWTH OPTIMISM SURGES IN NOVEMBER
By Vicki Schmelzer NEW YORK (MaceNews) – Global investor sentiment improved markedly in November, as world recession fears abated and “global growth optimism” surged, according to the findings of the latest Bank of America Merrill Lynch monthly fund managers’ survey, released Tuesday. “The bulls are back,” the survey said, adding that the “fear of missing […]
FED’S ROSENGREN: BANK CAPITAL BUFFERS SHOULD RISE NOW SO THEY CAN DECLINE IN DOWNTURN
NEW YORK (MaceNews) – Given low interest rates, policy-makers should consider raising bank capital requirements and other regulatory steps means to shield the financial system in the event of another downturn, Boston Fed President Eric Rosengren said Monday. Rosengren, in remarks prepared for delivery at a conference on bank supervision at the Norges Bank in […]
FED’S EVANS: AFTER THREE RAT CUTS, POLICY IS ACCOMMODATIVE ENOUGH
NEW YORK (MaceNews) – The economy is “in a good place” and the Federal Reserve’s monetary policy is now accommodative enough, Chicago Fed President Charles Evans said Wednesday. Uncertainties facing the economy prompted policy-makers to make policy adjustments to “lean toward an accommodative stance,” Evans said during a moderated discussion at the Council on Foreign […]
WHITE HOUSE WATCH: A BRIEF MOMENT OF SURREAL NORMALITY
By Denny Gulino THE WHITE HOUSE (MaceNews) – It was Monday – so long ago in the Trump era – and the memory won’t fade even though Tuesday is full of news about fresh transcripts, the quid pro quo now remembered by ex-ambassador Gordon Sondland, the Roger Stone trial’s jury selection, more about Lev.Parnas and […]
FED’S QUARLES HINTS AT PAUSE IN RATE CUTS
By Jerry Kronenberg NEW HAVEN, Conn. (MaceNews) – Federal Reserve Vice Chairman Randal Quarles hinted Friday the central bank’s rate cut this week could be the last one for a while. Quarles said in a speech at Yale University that current monetary policy is “likely to remain appropriate as long as incoming information about the […]
NY FED’S WILLIAMS: ECONOMY IN A GOOD PLACE
By Vicki Schmelzer NEWARK, N.J. (MaceNews) – The U.S. economy is “strong” and in a “good place,” New York Fed President John Williams said Friday. Williams, during an appearance at Rutgers University, expressed optimism about the regional New York-New Jersey economy, and the country as a whole, noting that U.S. job growth was “strong.” On the […]
US JOBS OCT RPT SHOUTS A NEW POSITIVE NARRATIVE WITH UNEXPECTED STRENGTH
–Payrolls +128K; Unemp Rate 3.6%; Wages +3.0% Annual; 2-Mos Revisions +95K –Labor Participation Rate Highest Since August 2013 By Denny Gulino WASHINGTON (MaceNews) – The October jobs report Friday surprised by challenging the scenario of a deepening slowdown with an above-expectations payrolls total of 128,000 despite GM strike effects, a 93,000 positive contribution from two […]