GERMANY SEES REBOUND IN ECONOMIC SENTIMENT IN DECEMBER ON COVID-19 – ZEW
By Marco Babic ZURICH (MaceNews) – Economic sentiment in Germany bounced back in December from a decline the previous month, as pending approvals for a COVID-19 vaccine pushed expectations higher, the Mannheim based ZEW institute reported Tuesday. The Index of Economic Sentiment for Germany rose 16.0 points to 55.0 in December, well above the median […]
NABE SURVEY FINDS MIXED SIGNALS ON VIRUS EFFECT BUT A BETTER 2021
–For 2021 ‘A Dramatic Improvement From the October Survey’ WASHINGTON (MaceNews) – Members of the National Association for Business Economics Monday were of at least two minds about several pandemic related metrics, on the one hand taking a somewhat optimistic view that despite the virus surge, growth would only moderate, not tank in the near […]
STATUS CHECK: RUMOR CHECK – 2020 WILL END AT SOME POINT
WASHINGTON (MaceNews) – The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes. Wait, this just in. The Brexit talks have fallen apart. You don’t look surprised. Or even interested. Someday a headline will flash. Brexit Talks Fall Together. Time is running out, after all. The […]
DATA PREVIEW: INFLATION MEASURES NOT EXPECTED TO RING ANY ALARM BELLS
WASHINGTON (MaceNews) – The coming week’s economic data measures updated consumer and business inflation readings in a context of higher interest rates and a slower rebuilding of the jobs market. Outside of the standard data, Congress faces a midnight Friday deadline to avoid another government shutdown which, if it happens, could delay the following week’s […]
STATUS CHECK COMMENTARY: IS PANDEMIC RELIEF CLOSER? REALLY?
WASHINGTON (MaceNews) – The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes. It would be the biggest accomplishment of the House Problem Solvers Caucus, to be the catalyst for the passage of a pandemic relief package. The approximately half a hundred Republicans and Democrats who […]
STATUS CHECK COMMENTARY – THE MOON, MARS AND ON EARTH, THE A.G.
WASHINGTON (MaceNews) – The following is Tuesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. First, it’s worth noting China’s little lander is running around on the Moon’s surface, scooping up stuff to ship back to Earth, an incredibly complicated mission. And that Elon Musk says his Space […]
STATUS CHECK COMMENTARY- THE HAVES GIVE THANKS, THE HAVE-NOTS WAIT IN LINE
WASHINGTON (MaceNews) – The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. The day before Thanksgiving, the latest economic data suggested the country is fractured economically as well as politically, with hardship increasing at the same exponential pace as virus infections while those lucky enough […]
FOMC MINUTES: MOST PARTICIPANTS WANTED TO TONE UP ASSET PURCHASES GUIDANCE
WASHINGTON (MaceNews) – The Federal Reserve’s top policymakers wanted to gear forward guidance more to explaining how asset purchases would remain calibrated to the state of the economy at their meeting at the beginning of the month, their minutes showed Wednesday. The suggestion for more definitive guidance, however, fell far short of expectations that the […]
DATA FLASH: US OCTOBER PERSONAL INCOME FALLS AS STIMULUS DISAPPEARS
–US October Personal Income -0.7% After +0.7% in October, Savings Rate 13.6%–Nominal PCE +0.5%, Real PCE +0.5%; Core Prices Flat–November Michigan Sentiment Index Revised Down to 76.9, Expectations Tumble By Kevin Kastner WASHINGTON (MaceNews) – Personal income fell in October, reflecting the removal of the Lost Wages stimulus package that lifted income in September, one […]
ECB’S SCHNABEL SUGGESTS EXTENDING TIME FRAME TO RETURN INFLATION TO TARGET
— Rate setter says the Bank has lost the “trust” of the public By Laurie Laird LONDON (MaceNews) — A key European Central Bank official Tuesday suggested adjustments to bank’s mandate, particularly the timing of returning inflation to target, while hinting that historically-loose monetary policy could become ever-less effective in stimulating economic growth. “It could […]