STATUS CHECK – TOWN HALLS, QUESTIONS, MOSTLY SAME ANSWERS
WASHINGTON (MaceNews) – The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · Whew, an hour of President Trump playing defense on NBC and opponent Joe Biden for one and a half hours on ABC still being vague on his intentions for the Supreme Court […]
DATA FLASH: US INITIAL CLAIMS SURGE; MANUFACTURING DATA MIXED
–Initial Claims +53,000 to 898,000; 4-Wk Average Keeps Downward Trend–Empire State Index Falls to 10.5 in October from 17.0 in September–Philadelphia Fed Index Rises to 32.3 in October from 15.0 in September By Kevin Kastner WASHINGTON (MaceNews) – Initial claims rose by 53,000 to a level of 898,000 in the October 10 week, well above expectations […]
STATUS CHECK – WHAT’S THE OPPOSITE OF A PRESIDENTIAL DEBATE?
WASHINGTON (MaceNews) – The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · Twenty days until Election Day, a countdown to – what? Is it time to wonder what kind of lame-duck president Donald Trump would be? Of course he might win. But if not, […]
VICE CHAIR CLARIDA KEEPS FED POINTED TOWARD LONG-TERM MONETARY EASE
By Steven K. Beckner (MaceNews) – Top Federal Reserve policy-makers continue to strongly signal their long-range intention to maintain an ultra-easy monetary policy, even as they acknowledge that the economy is recovering faster than they expected from the Covid shutdown induced recession. The Fed’s commitment to a highly accommodative policy is not completely open-ended, but […]
STATUS CHECK – FINALLY, A TRILLION TREES INTERAGENCY COUNCIL
–Maybe February for the Next Round of Pandemic Relief WASHINGTON (MaceNews) – The following is Tuesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · It was chilly in Johnstown, Pennsylvania, the site of another MAGA rally Tuesday night. More masks than usual. A whole lot about Biden […]
BOE’S BAILEY DISCUSSES NEGATIVE RATE CRITERIA; STRESSES ‘WE’RE NOT THERE’ YET
By Laurie Laird LONDON (MaceNews) – The UK’s top rate setter suggested that negative interest rates may be more effective once an economy begins to recover, but repeated that the Bank of England is not considering an imminent rate cut. “We’re not there at the moment,” said BoE Governor Andrew Bailey Tuesday, addressing the House […]
DATA FLASH: US SEPTEMBER CPI ROSE BY 0.2%; GAINS SLOWING
–Core Prices Also Up 0.2%; Ex. Only Energy, CPI Still Up 0.2%–Energy Prices Rose By 0.8%, Food Prices Flat By Kevin Kastner WASHINGTON (MaceNews) – The September consumer price data were right on expectations, with 0.2% gain for both headline and core CPI. The year/year rates for inflation remain significantly below their pre-COVID levels and […]
GERMAN ECONOMIC SENTIMENT SHARPLY LOWER IN OCT AS COVID CASES RISE
By Marco Babic ZURICH (MaceNews) – Economic sentiment in Germany fell in October to its lowest level since July as increasing cases of Covid-19 in Europe and Brexit have raised uncertainly about the economy. The ZEW Indicator of Economic Sentiment Tuesday fell 21.3 points in October to 56.1, and while economists were expecting a decline, […]
STATUS CHECK – PRIME DAY HERE, KEEP CONCENTRATING ON THAT
WASHINGTON (MaceNews) – The following is Monday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · It was the best of times, it was the … well let’s not depress ourselves and just leave it there. After all, this week there are two Prime Days, Tuesday and Wednesday, […]
DATA PREVIEW: TAKE A DEEP BREATH, BECAUSE HERE COMES THE PAIN
By Kevin Kastner WASHINGTON (MaceNews) – Nothing in life is free. That also applies to the data schedule. After a week that was extremely short on major data, the upcoming week’s schedule is overflowing with it, with the mid-month price, production and sales data crammed into a holiday-shortened four-day week. Hurricane Delta is hitting the […]