WHITE HOUSE WATCH COMMENTARY: FEDERAL GOVT STILL CATCHING UP WITH VIRUS NEEDS
By Denny Gulino WASHINGTON (MaceNews) – What’s become a literal American deathwatch was a grinding slog on Wednesday with whatever major progress being made behind the scenes obscured by the questions on why progress is not faster. The evening’s Corona Virus Task Force briefing seemed more bogged down with vague answers rather than being illuminated […]
BOSTON FED’S ROSENGREN Q&A: DISTRESS AHEAD FOR HEAVILY LEVERAGED
–Pandemic Likely To Be A Bigger Financial Distress Problem NEW YORK (MaceNews) – Boston Federal Reserve Bank President Eric Rosengren opposed the pre-crisis rate cuts and now he is being proven right, the pandemic’s effects will be worse than otherwise because the Fed had less ammunition while some individuals and firms accumulated too much low-interest […]
FED’S ROSENGREN: UNEMPLOYMENT TO RISE ‘DRAMATICALLY’; FOCUSING ON PLIGHT OF WORKERS
NEW YORK (MaceNews) – The Federal Reserve is working to limit economic fallout from the pandemic and promote recovery, but unemployment is surging, and fiscal policy is “crucial,” Eric Rosengren, president of the Federal Reserve Bank of Boston, said Wednesday. “The Federal Reserve is working to limit the financial and economic distress – to take […]
DATA FLASH: US MARCH MANUFACTURING ISM TICKS DOWN ON UNCERTAINTY
-Decline Follows Disappointing Regional Data, Markit Revised Lower By Kevin Kastner WASHINGTON (MaceNews) – Manufacturing sector activity contracted modestly in March according to the Institute of Supply Management, slightly better than the regional data leading up to it, but likely the first in a string of monthly declines. The headline PMI index fell to 49.1 […]