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 […]
STATUS CHECK – A DAY OF SYMBOLISM MARRIED TO COVID REALITY
WASHINGTON (MaceNews) – The following is Monday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · A leader sacrificing himself for others, or sacrificing others for himself? That was the question dividing Americans on a Monday night 30 days before a presidential election. “I stood out front. I […]
STATUS CHECK – REMDESIVIR, A NEW TWEET AND LOTS OF WAITING
WASHINGTON (MaceNews) – The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · The wrenching change was overpowering, leaving Friday night an empty wasteland of spent emotions, whether for those in MAGA land or for many of those who were just wondering if they really […]
DATA PREVIEW: DATA TAKES BACKSTAGE TO PENCE VS HARRIS
By Kevin Kastner WASHINGTON (MaceNews) – Sandwiched between two extremely busy weeks, a quiet period is on tap in the upcoming week – for data at least. After the “pageantry” of the first presidential debate, there is a hope that Wednesday’s undercard debate between Vice President Mike Pence and Senator Kamala Harris will be a […]
FED’S WILLIAMS: IF NO MORE FEDERAL FISCAL AID, WOULD MEAN ‘SOMEWHAT WEAKER OUTLOOK’
NEW YORK (MaceNews) – The U.S. economic recovery is likely to continue even if new federal fiscal support is not forthcoming, New York Fed President John Williams said Tuesday. “If we do see more fiscal support for the economy, that will give a boost,” he told reporters. “If we don’t, that’s going to be a […]
STATUS CHECK: SOLEMNITY AND THE USUAL DISCORDANT NOTES
WASHINGTON (MaceNews) – The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes. The quiet day-long procession of Americans paying respect to Ruth Bader Ginsburg was the day’s solemn background music, an impressive tribute to a remarkable woman. And then President Trump came by, wearing a […]
STATUS CHECK: WHOSE COGNITIVE ILLUSION IS BETTER?
WASHINGTON (MaceNews) – The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. So much for a Wednesday. Noise perhaps. Confusion. Ominous sometimes, repetitious often and sadly, no longer surprising. Hardly news but too important to be ignored. Beginning with President Trump, in his evening news […]
FED’S ROSENGREN WARNS OF COVID RECURRENCE, HIT TO LENDERS AS BAD LOANS RISE
NEW YORK (MaceNews) – Boston Fed President Eric Rosengren Wednesday warned of a possible credit crunch as small- and medium-sized lenders see rising non-performing loans as a second wave of the Covid-19 pandemic strikes and more business go bankrupt. Rosengren, in remarks for delivery to the Boston Economic Club, warned of “more substantial headwinds” for […]