FED’S BEIGE BK: SOME BOUNCEBACK FROM STILL VERY LOW LEVELS
WASHINGTON (MaceNews) – The latest Federal Reserve Beige Book survey of economic conditions in all 12 Districts published Wednesday was particularly uninformative this time around, providing little insight beyond generally available information on what’s happening to guide the upcoming meeting of the Federal Open Market Committee. The summary and District-by-District snapshots, assembled by the Chicago […]
EXCERPTS: BOC’S MACKLEM: REOPENING SURGE TO GIVE WAY TO BUMPINESS
OTTAWA (MaceNews) – Bank of Canada Gov. Tiff Macklem Wednesday said the decision to hold the policy rate at the lower bound and maintain the pace of quantitative easing was based on the assessment that the current rebound of economy activity will give way to a “slower and bumpier recuperation phase.” The following are excerpts […]
DATA FLASH: US JUNE INDUSTRIAL PRODUCTION SURGES ON VEHICLES
-Industrial Production Up 5.4%, Motor Vehicle Production Jumps 105%-Manufacturing Production Up 7.2%, Rises 3.9% Excluding Motor Vehicles-Utilities Production Up 4.2%, Mining Production Down 2.9%-Empire State Index Rises to 17.2 in July from -0.2, First Positive Under COVID By Kevin Kastner WASHINGTON (MaceNews) – Industrial production, released by the Federal Reserve Wednesday, rose by 5.4% in […]