STATUS CHECK – GUESS WHICH CAMPAIGN FRIDAY CHANTED ‘CNN SUCKS’
WASHINGTON (MaceNews) – The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · President Trump’s campaign Friday night marched on, in Macon, Georgia. Pool reporter Rob Crilly who works for the Washington Examiner, described the scene: “It was dark by the time POTUS took the stage […]
DATA FLASH: RETAIL SALES SURGE, UP 1.9% IN OCTOBER
–Retail Sales Ex-Vehicles Rise 1.5% On Widespread Gains–Industrial Production Falls 0.6% On Utilities/Manufacturing, Mining Up–University of Michigan Sentiment Rose to 81.2 in Early-October–Business Inventories Up 0.3% in August, Business Sales Up 0.6% By Kevin Kastner WASHINGTON (MaceNews) – Retail sales rose for the fifth straight month in September, with gains in almost every sales category […]
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 […]
FED’S ROSENGREN WARNS ON FINANCIAL STABILITY RISK WITH RATES LOWER FOR LONGER
NEW YORK (MaceNews) – The U.S. needs more steps to limit financial stability risk in a continuing low interest rate environment, Boston Fed President Eric Rosengren said Thursday. Rosengren, in remarks for delivery to Marquette University, warned that excessive leverage has magnified the current downturn and poses a threat of additional job losses. “The increased […]
FED’S EVANS Q&A: ONUS STAYS ON FISCAL POLICY TO SUPPORT RECOVERY
NEW YORK (MaceNews) – Chicago Fed President Charles Evans suggested Wednesday he is in no rush to reassess the Federal Reserve’s monetary policy and the burden remains on fiscal policy to support the recovery. Asked by reporters whether likely delay in federal fiscal support would prompt the Fed to consider new measures to bolster the […]
FED’S EVANS: FED SHOULD RESIST INCLINATION TO ‘BACK OFF THE OVERSHOOT’ TOO SOON
NEW YORK (MaceNews) – Monetary policymakers must be wary of tightening policy too much and too soon if they are to execute the Federal Reserve’s new average inflation targeting strategy, Chicago Fed President Charles Evans said Wednesday. Evans, in remarks for delivery to the Metals Service Center Institute, repeated that the Fed is now obliged […]
FOMC MINUTES: WORRIED ABOUT MORE VIRUS WITH NO STIMULUS
By Denny Gulino WASHINGTON (MaceNews) – The minutes of the mid September Federal Open Market Committee meeting Wednesday showed Fed Board members and regional bank presidents worried about more intense virus outbreaks and the chance of no near-term government stimulus – weeks before both concern seemed to be realized. The minutes added almost nothing in […]
STATUS CHECK ANALYSIS – WHY? WHY NO 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. Another day, another tweet, another reversal that surprises everyone, especially the stock markets. No new pandemic relief until at least sometime after Election Day. So now money left over from the CARES Act […]
FED’S POWELL: TRYING TO PREVENT ECON DAMAGE GETTING WORSE
–Recovery ‘Incomplete;’ Permanent Unemployment Notably Worse By Denny Gulino WASHINGTON (MaceNews) – Federal Reserve Chair Jay Powell Tuesday said he is more concerned about preventing worse damage from the pandemic crisis than celebrating any rebound, in fact, saying the economy is slowing and unemployment is worse than indicated. Powell’s main message was that there is […]