FED’S POWELL: PROBABLE ‘LONG TAIL’ OF THOSE SLOW TO GET JOBS BACK
By Denny Gulino WASHINGTON (MaceNews) – Federal Reserve Chair Jay Powell, following a hold-in-place policy meeting, Wednesday stayed away from any happy talk about progress against the virus and unemployment, saying it will be quite a while before low jobless rates return. Referring to the “tail” outside the bulk of the reemployment distribution curve, Powell […]
TEXT OF FOMC POLICY STATEMENT JULY 29, 2020
The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. The coronavirus outbreak is causing tremendous human and economic hardship across the United States and around the world. Following sharp declines, economic activity and employment […]
STATUS CHECK: BITTER PARTISAN DIVISIONS ON DISPLAY; CONSUMER CONF DETERIORATES
WASHINGTON (MaceNews) – The following is Tuesday’s status check of developments in the U.S. that can influence economic, health and political outcomes: A VIX somewhat more tense Tuesday, worsening 2.83% to 25.44, as U.S. stocks backed into the red by moderate amounts, worsening in a steep downdraft in the last hour of trading. The S&P […]
STATUS CHECK: FOMC; THE SHADOW VIRUS TASK FORCE; AS GOES BASEBALL …
WASHINGTON (MaceNews) – The following is Monday’s’ status check of developments in the U.S. that can influence economic, health and political outcomes: A VIX improved by a large amount, 4.28%, to 24.74, backgrounded a mildly positive day for U.S. stocks, with the DJIA +0.43%/+114.88; S&P +0.74%/+23.78 and the Nasdaq +1.67%/+173.09. After-hours futures were much the […]
THE JULY FOMC AND BEYOND – WHAT TO EXPECT FROM THE FED
By Steven K. Beckner (MaceNews) – Even though the U.S. economy’s partial recovery has lately shown signs of faltering in face of renewed anti-coronavirus restrictions, it would be little short of astonishing if the Federal Reserve’s policy making Federal Open Market Committee were to announce any new monetary stimulus initiatives at the conclusion of its […]
US NABE SURVEY: ECONOMIC IMPROVEMENT SEEN FROM NOW ON
WASHINGTON (MaceNews) – The National Association for Business Economics Monday published the latest survey of its members, the Business Conditions Survey, showing marked improvements compared to April’s previous survey and expectations of expansion through the second half of next year. The following are excerpts from the survey of 104 members through July 14: “The July […]
STATUS CHECK: NEXT WK, FOMC AND US GDP. MORE NASDAQ WOES?
WASHINGTON (MaceNews) – The following is Friday’s’ status check of developments in the U.S. that can influence economic, health and political outcomes: The VIX stayed about the same at 25.84 Friday after U.S. stocks were modestly negative for a second day. The DJIA finished -0.68%/-`82.94 and off 0.76% for the week. S&P -0.67%/-20.03 and also […]
DATA PREVIEW: THE COVID BILL COMES DUE WITH Q2 US GDP
By Kevin Kastner WASHINGTON (MaceNews) – All throughout the COVID-19 shutdown, everyone from talking heads to economists to politicians spoke about second quarter GDP in ominous terms – a data point that was way down the road at the time. So now here we are. The advance estimate of second-quarter GDP will be released Thursday […]
STATUS CHECK: TRUMP: ‘WORSE BEFORE IT GETS BETTER;’ GA VIRUS SHOWDOWN DELAYED
WASHINGTON (MaceNews) – The following is Tuesday’s updated status check of developments in the U.S. that can influence economic, health and political outcomes: With the VIX down 1.6% to maintain moderately elevated 24.84, U.S. stocks had a mixed session Tuesday with a much different composition than Monday’s Nasdaq blowout. In fact the Nasdaq ended in […]
STATUS CHECK: NASDAQ WOWS; TRUMP REPEATS; SHELTON UP
WASHINGTON (MaceNews) – The following is Monday’s updated status check of developments in the U.S. that can influence economic, health and political outcomes: With the VIX down 4.13% to a calmer 24.60, the Nasdaq set another record in a big way, gaining 2.51% or 263.90 on the back of Tesla (+9.47% to record high), Peloton […]