WHITE HOUSE WATCH: TRAGIC VIRUS DISCONNECTS MAY BEGIN TO YIELD TO PHASE 3
By Denny Gulino WASHINGTON (MaceNews) – The sharply different accounts, stories of critical shortages from hospitals and medical personnel versus sweeping assurances from the White House, were in especially sharp contrast Friday while both sides looked to the new rules and mountains of money that finally became available with the day’s signing of Phase 3 […]
BANK OF CANADA CUTS RATES ANOTHER 50 BPS
By Gloria Galloway OTTAWA (MaceNews) – The Bank of Canada has dropped its target overnight rate for the third time in less than a month as it tries to mitigate the financial and economic damage of the COVID-19 pandemic. Stephen Poloz, the bank’s governor, announced Friday morning that the rate would fall 50 basis points […]
Data Flash: February Real PCE Up 0.1%, But March Plunge to Come
–US February Personal Income Up 0.6%, Nominal PCE Up 0.2%, Core Prices +0.2% –U.S. March Michigan Sentiment Index Revised Down to 89.1 By Kevin Kastner WASHINGTON (MaceNews) – Real Personal Consumption Expenditures rose by 0.1% in February, a second straight gain and a positive for first quarter consumption and GDP, the Commerce Department reported Friday. […]