FACT SHEET: THE BIDEN-HARRIS ADMINISTRATION’S NEW APPROACH TO THE U.S. – CHINA TRADE RELATIONSHIP
WASHINGTON (MaceNews) – The following is a fact sheet issued by the U.S. Trade Representatives Office and the White House, summarizing the comments by USTR Katherine Tai Monday in an appearance at the Washington think tank CSIS: Joe Biden ran for president on a promise to restore the backbone of this country, the middle class. […]
BOJ Sept Key Tankan Business Sentiment Up But Outlook Uncertain
— Higher Energy, Commodities Markets Support Some Producers— Automakers Report Worse Sentiment As Supply Constrains Linger— Face-To-Face Service Providers Suffer Amid Covid-19 Spike— BOJ Survey Also Shows Companies Revise Up FY21 Capex Plans By Max Sato (MaceNews) – Higher energy and commodities prices this year further boosted confidence among many manufacturers, big and small, while […]
MaceNewsViews: Commentary – Even With a Prisoner Exchange, China Seen as Heavy-Handed
By Eric Ham WASHNGTON (MaceNews) – Now that China has completed a prisoner exchange with Canada and the United States with high-stakes trade and economic ramifications, its international reputation as heavy-handed and clumsy has not necessarily been improved. Canadians Michael Kovrig and Michael Spavor landed in Calgary, Alberta early Saturday in exchange for Meng Wanzhou, […]
Dallas Fed’s Kaplan, Boston’s Rosengren Departures Leaves Many Questions So Far Unanswered
By Denny Gulino WASHINGTON (MaceNews) – New rules goverinng how Federal Reserve officials handle their personal finances are now imminent as the Fed tries to get them in place before Congress imposes new rules of its own and meanwhile questions abound as to how the case of the Dallas regional bank president has been handled. […]
MaceNewsViews: Commentary – Sorry, Europe, the US – and China – Won’t Let You Sit This One Out
By Denny Gulino WASHINGTON (MaceNews) – The German federal election proceeds as if the choices don’t matter all that much. Regardless of the personalities a relatively centrist coalition will finally endeavor to strike the path ahead, in Germany’s case, a path of least resistance – as long as it can. Climate, stability, prosperity. Chances are, […]
MaceNewsViews – Commentary: Nihilism’s Dream – The US Defaults
By Denny Gulino WASHINGTON (MaceNews) – Those knowing think pieces and Op-Eds by veteran graybeards, scoffing at the super-hyped headlines about the dangers of a pending debt-limit impasse, should be reassuring. They’ve seen it all before, the six dozen or more times Congress allows the nation’s Treasury to start borrowing again, often at the last […]
FOMC Policy Statement: Tapering ‘May Soon be Warranted’
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday put off any declarations on when it might begin the tapering process other than saying “it may soon be warranted.” Inflation? It’s still largely transitory.. The text of the statement follows: The Federal Reserve is committed to using its full range of tools to support the […]
Commentary: Ignoring the US Housing Timebomb
WASHINGTON (MaceNews) – The latest trove of housing data Wednesday collected by the National Association of Realtors provided more definition to America’s bifurcated housing market, one in which the haves get what they want, expensive houses that are available for sharply escalating prices, and the have nots, the younger generations buying their first home, who […]
Eurozone Consumer Inflation Rose 3.0 Percent in August, Confirming Flash Estimate
ZURICH (MaceNews) – Inflation in the Eurozone rose to 3.0 percent in August, led by double-digitgrowth in energy costs, according to the latest report from Eurostat. Today’s result confirmed the flash estimate released previously and is faster than the 2.2 percentannual rate registered in July. Inflation has risen consistently over the past twelve months; a […]
US, UK And Australia Announce ‘New Alignment’ in the Indo-Pacific
WASHINGTON (MaceNews) – The following is the White House transcript of the background press call on AUKUS, the sweeping declaration of cooperation among the U.S., the UK and Australia, to strengthen joint defense against China. The transcript of the call, held on an embargoed basis before the official announcement available at whitehouse.gov, adds much additional […]