DATA FLASH: US JULY CPI SURGED 0.6%, ECHOING PPI INFLATION
–Core Prices Jump 0.6%; Ex. Only Energy, CPI Rose 0.5%.–Energy Prices Rose 2.5%, Food Prices Down 0.4% By Kevin Kastner WASHINGTON (MaceNews) – Following Tuesday’s surprisingly large gains in business prices, there was a question of whether those prices rebounds would feed down to the consumer level. That was answered Wednesday morning with an extraordinarily […]
STATUS CHECK: US STOCK MARKET EBULLIENCE SHOWS RARE VULNERABILITY TO VIRUS NEWS
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 hard not to notice a disturbance in the Force, the force of stock market ebullience, that is. It was a strong start after Russia, however prematurely, announced it was moving to […]
STATUS CHECK: BAD VIBES ACCUMULATE RE CHINA
WASHINGTON (MaceNews) – The following is Monday’s status check of developments in the U.S. that can influence economic, health and political outcomes: A new week filled with echoes of last week. Weekend rioting, Chicago after midnight looted stores. A police shooting in the afternoon and mistaken rumors about that shooting was the spark. There was […]
TRUMP SIGNS 4 EXEC ORDERS, DEFERRING PAYROLL TAX, EXTENDING EVICTIONS MORATORIUM
By Denny Gulino WASHINGTON (MaceNews) – Combining campaign promises with executive orders of questionable legality, President Trump Saturday said he is deferring payroll tax collections through the end of the year for pay of $100,00 or less and if re-elected, will “terminate” the tax. In his second televised appearance at his Bedminster, N.J. golf resort […]
STATUS CHECK: TRUMP – ‘WE’RE FINALLY HAVING IT OUT’
WASHINGTON (MaceNews) – The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes: · A long week about over and in an evening news conference the president of the United States says, “We’re having it out. We’re finally having it out.” He was talking about the […]
BOE DEFENDS FORECASTS AS AGENTS QUERY OPTIMISTIC ASSUMPTIONS
By Laurie Laird LONDON (MaceNews) – Top Bank of England officials Friday reiterated the downside risks to forecasts of a smart economic rebound under questioning from the BoE’s regional representatives about the Bank’s baseline forecasting assumptions. The central forecast released Thursday “is sensible,” albeit with “very substantial” downside risk, said Governor Andrew Bailey, addressing a […]
DATA FLASH: US JULY PAYROLLS RISE BY 1.76 MLN, UNEMPLOYMENT RATE 10.2%
-COVID-Hit Sectors Lead Gain; Hourly Earnings Up 0.2%, Up 4.8% Year/Year By Kevin Kastner WASHINGTON (MaceNews) – The July employment report reflected continued improvement in the economy, but the rate at which the U.S. is digging out the hole it fell into in March and April clearly slowed. That recovery is likely to be hindered […]
STATUS CHECK: HOLD HANDS AND REPEAT: YES, THERE WILL BE VIRUS RELIEF LEGISLATION
WASHINGTON (MaceNews) – The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes: Now at the top of the agenda, the negotiations that went another three hours, breaking up at a late hour in House Speaker Pelosi’s office on that legislation restoring some kind of enhanced […]
DATA FLASH: US INITIAL CLAIMS DECLINE, BUT OUTLOOK REMAINS UNCLEAR
––Initial Claims -249,000 to 1.186 Mln, Lowest Under COVID But Still Brisk–-Challenger Reports Layoffs Jump in July on COVID-19 Resurgence By Kevin Kastner WASHINGTON (MaceNews) – As Congress debates the fate of the extended jobless claims program, initial claims fell by 249,000 in the August 1 week to a level of 1.186 million, well below the […]
BOE HOLDS POLICY, KEEPS SUB-ZERO RATES UNDER REVIEW DESPITE CONSUMER RECOVERY
— Bank predicts 18% gain in Q3 GDP By Laurie Laird LONDON (MaceNews) – The Bank of England maintained its current policy stance at its latest rate setting meeting, but admitted that negative interest rates remain under review, despite forecasting a sharp economic rebound in the third quarter. Bank forecasters predict an 18% surge in […]