US REMOVES CHINA’S DESIGNATION OF CURRENCY MANIPULATOR BUT WATCHING CLOSELY
By Denny Gulino THE TREASURY DEPARTMENT (MaceNews) – The designation of China as a currency manipulator, imposed in August on President Trump’s order but not backed up by the IMF, was removed late Monday as expected both because of the imminent signing of a “Phase One” trade pact and because Fox News earlier broke the […]
US TSY: CORP TAX REVENUE SURGE CONTINUES; DEC DEFICIT -$13.3B
WASHINGTON (MaceNews) – The official U.S. budget deficit in December was $13.3 billion and after adjustment for some calendar quirks affecting benefit payments was $40 billion, both close to last year’s totals, and striking was how the surge in corporate tax revenues that began in June is continuing, the Treasury Department reported Monday. For the […]
BOSTON FED’S ROSENGREN FLAGS UPSIDE INFLATION, FINANCIAL STABILITY RISKS
NEW YORK (MaceNews) – Fed policy-makers see a benign economic outlook but they should remain alert to upside inflation and financial stability risks posed by prolonged low unemployment and low interest rates, Boston Fed President Eric Rosengren said Monday. Rosengren, who opposed the Fed’s three rate cuts in 2019 along with Kansas City Fed President […]