WHITE HOUSE WATCH COMMENTARY: ‘INADEQUATE’ VS ‘NONEXISTENT’
By Denny Gulino WASHINGTON (MaceNews) – Numbers, graphs, plaintive accounts from hospitals and communities, bereaved relatives – the worst week so far goes on and there’s no way to sugarcoat it. New cases are leveling off but past infections keep leading to deaths now in numbers never seen before. The medical experts hope deaths are […]
Faced With ‘Horrifying’ Oil Market Conditions, OPEC-Plus Agrees To Record Supply Reduction
VIENNA/WASHINGTON (MaceNews) – The OPEC-plus group of major oil producing countries – the oil cartel’s members as well as Russia and Mexico – hammered out a tentative deal Thursday, in a marathon negotiating session, to slash their oil output levels collectively by 10 million barrels per day. Saudi Arabia and Russia, the primary combatants in […]
FED’S POWELL WARNS AGAINST ‘FALSE STARTS’ RE REOPENING
–Up to $2.3 Trillion in Virus-Related Emergency Support -Powell: Not Worrying About Inflation By Denny Gulino WASHINGTON (MaceNews)- Federal Reserve Chair Jay Powell Thursday explained more about how the central bank is remaking itself to keep intact the structure of an enfeebled economy and he joined the chorus of voices warning against returning to work […]
FED LAUNCHES NEW PACKAGE OF $2.3 TRILLION IN CREDITS
By Steven K. Beckner (MaceNews) – The Federal Reserve’s aggressive credit easing measures since early March have steadied financial markets, though not the economy, but not content to rest on its laurels, the Fed continues to innovate and explore the full extent of its emergency lending powers. The Fed, in conjunction with the U.S. Treasury, […]
DATA FLASH: US INITIAL CLAIMS REMAIN HIGH DUE TO BACKLOGS; MARCH PPI -0.2%
-Initial Claims Level Fall By 261,000 to 6.606 Mln, Continuing Claims Spike -March PPI Data Show Decline in Wholesale Inflation on Energy Prices By Kevin Kastner WASHINGTON (MaceNews) – The level of initial jobless claims fell modestly in the April 4 week, but the current week’s total lifted the number of new claims filed over […]
TEXT: FED DETAILS MAIN ST., OTHER LENDING FACILITIES
WASHINGTON (MaceNews) – The following is the Federal Reserve announcement of details of its new Main Street lending facilities and other programs, released Thursday morning: The Federal Reserve on Thursday took additional actions to provide up to $2.3 trillion in loans to support the economy. This funding will assist households and employers of all sizes […]