FRIDAY WHITE HOUSE SCHEDULE
WASHINGTON (MaceNews) – The following is Friday’s public White House schedule: DAILY GUIDANCE AND PRESS SCHEDULE FORFRIDAY, NOVEMBER 6, 2020 EST 10:00AM In-Town Pool Call Time THE PRESIDENT has no public events scheduled. ### — Content may appear first or exclusively on the Mace News premium service. For real-time email delivery contact tony@macenews.com. […]
JAPAN SEPT TOTAL WAGES CONTINUE FALLING; BASE PAY ON MODEST UPTREND
By Max Sato (MaceNews) – Average wages in Japan remained depressed in September as the coronavirus has triggered layoffs and bankruptcies, while base wages, the key indicator for overall cash earnings, showed modest gains, data released Friday by the Ministry of Health, Labour and Welfare showed. The key points from the Monthly Labour Survey: * […]
JAPAN SEPT HOUSEHOLD SPENDING DOWN Y/Y BUT Q3 RISE TO SUPPORT GDP GROWTH
By Max Sato (MaceNews) – Japan’s household spending in September continued to slump from a year earlier, hit by the October 2019 sales tax hike and the global pandemic, but a quarter-on-quarter gain indicates consumption supported solid GDP growth after a third consecutive contraction through April-June, data released Friday by the Ministry of Internal Affairs […]
FED’S POWELL ACKNOWLEDGES SLOWDOWN, NEED FOR STIMULUS
By Denny Gulino WASHINGTON (MaceNews) – Federal Reserve Chair Jay Powell was as low key as possible in answering questions about the latest policy meeting as vote counts are deciding the next president but he did drop a hint that the asset purchase program may be in for some innovation. “The recent rise in new […]
FOMC POLICY STATEMENT AS IS
WASHINGTON (MaceNews) – The following is the Federal Open Market Committee policy statement issued Thursday, which added nothing to the previous stand-still statement: The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. The COVID-19 […]
ECB RATE SETTER SEES VALUE IN A SYMMETRICAL INFLATION TARGET
— Bundesbank’s Weidmann refuses to rule out further ECB rate cuts By Laurie Laird LONDON (MaceNews) – A key European Central Bank official Thursday expressed support for symmetrical inflation targeting, and suggested that the Bank could cut rates further into negative territory to lift stubbornly-low Eurozone inflation back to target. A “make-up” strategy that allows […]
DATA FLASH: US INITIAL CLAIMS SLIP; PRODUCTIVITY UP SHARPLY
–Initial Claims Decline By 7,000 to 751,000; 4-Week Average Slides–Nonfarm Productivity +4.9% as Output, Hours Worked Both Rebound By Kevin Kastner WASHINGTON (MaceNews) – Initial claims fell by 7,000 to a level of 751,000 in the October 24 week, slightly above expectations for a decline to 745,000. The four-week moving average for initial claims declined by […]
UK EXTENDS GOVERNMENT FURLOUGH SCHEME UNTIL MARCH FOLLOWING WEAK BOE OUTLOOK
By Laurie Laird LONDON (MaceNews) – The UK government has extended its job support scheme until the end of March, just hours after the Bank of England downgraded its economic forecast for the fourth quarter. The UK’s top finance official, Chancellor of the Exchequer Rishi Sunak, told parliament that the programme will provide 80% of […]
BANK OF ENGLAND EXPANDS QE PROGRAMME; LEAVES RATES UNCHANGED
— Forecasts Q4 GDP Contraction Raises Speculation Negative Rates in 2021 By Laurie Laird LONDON (MaceNews) – The Bank of England Thursday expanded its bond-buying programme but left its benchmark interest rate unchanged at its latest policy meeting, acknowledging the downside risks to forecasts as a second wave of coronavirus grips the country. The Bank […]