STATUS CHECK – STILL COUNTING, FUMING AND SUING
WASHINGTON (MaceNews) – The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes. Peace, harmony and finally a resolution to a hard-fought campaign? Of course not. This is 2020. Thursday night and key states still too close to call, with Joe Biden’s lead in Arizona diminishing […]
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 […]
STATUS CHECK – FROM THE SEAT OF POWER, POWERLESSNESS AS VOTES TOTALED
WASHINGTON (MaceNews) – The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. The networks plodded on Wednesday night, with nothing much new to report, as talking heads artfully kept the ball rolling, even if it was in circles, waiting. President Trump was watching, likely clicking […]
STATUS CHECK COMMENTARY – OK, NO VOTER APATHY. WHAT’S NEXT?
WASHINGTON (MaceNews) – The following is Monday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · So many voters. So many of them early voters, about a hundred million. A nation’s electorate energized, an outpouring of civic determination. A tidal wave of turnout already accomplished and projected. And […]
DATA FLASH: US MANUFACTURING CONDITIONS IMPROVE FURTHER IN OCTOBER
–ISM Manufacturing Index Rose to 59.3 in October, Above Expectations–Sept Construction Spend Softer Than Expected; Residential Surged By Kevin Kastner WASHINGTON (MaceNews) – The October ISM index showed U.S. manufacturing sector activity improved further, showing extraordinarily strong expansion. The headline PMI index rose to 59.3 from 55.4 in September, well above expectations for a small […]
EUROZONE OCTOBER MANUFACTURING PMIS HIT TWO-YEAR HIGH
–Germany Accounts For Much Of Rise By Laurie Laird LONDON (MaceNews) — Business activity at European factories accelerated to a more than two-year high in October, according to purchasing managers’ indexes released by IHS Markit on Monday, confirming the European Central Bank’s forecast of continuing industrial strength. The Eurozone manufacturing PMI jumped to 54.8 last […]
STATUS CHECK COMMENTARY – COMING UP, CATHARSIS, HEALING?
WASHINGTON (MaceNews) – The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · Saturday makes it three days. Three days until catharsis, healing and finally a truce in the culture wars. You could see it on Fox News, where Sean Hannity was mellowing, praising candidate […]
DATA PREVIEW: OCTOBER EMPLOYMENT REPORT TAKES A RARE BACKSEAT
By Kevin Kastner WASHINGTON (MaceNews) – It takes a lot to knock the employment report off its perch as the week’s most important economic event, but that will be case in the upcoming week. By the time we get to Friday’s release for October, fatigue may have set it. Obviously, the main event for the […]
DATA FLASH: US SEPTEMBER PERSONAL INCOME REBOUNDS, PCE JUMPS
–US Sept Personal Income +0.9% After -2.5% in August, Savings Rate 14.3%–Nominal PCE +1.4%, Real PCE +1.2%; Core Prices +0.2%–Chicago PMI Slips to Still-Strong 61.1 in October from 64.2 in September–Oct Michigan Sentiment Index Revised Up to 81.1, Vs 80.4 in September By Kevin Kastner WASHINGTON (MaceNews) – Personal income rebounded in September, reflecting a […]