STATUS CHECK: SIGNALS SENT, WITH SIGNINGS – AND ROCKETS
WASHINGTON (MaceNews) – The following is Tuesday’s status check of developments in the U.S. that can influence economic, health and political outcomes A lot of signaling embedded in the day’s news, starting with the signing of three documents at the White House, formally committing Bahrain, the UAE and Israel to open embassies in each other’s […]
BofA GLOBAL MANAGERS’ SURVEY: STILL UPBEAT RE WORLD GROWTH PROSPECT; BULLISH EQUITIES
— Inflation Fears Persist By Vicki Schmelzer NEW YORK (MaceNews) – Global investors polled in September remained upbeat about world growth prospects and bullish towards equities, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. This month, a net 84% of fund managers looked for global growth to strengthen […]
DATA FLASH: US INDUSTRIAL PRODUCTION SUGGEST RECOVERY SLOWING
–Industrial Production Up Only 0.4%, Motor Vehicle Production Falls 3.7%–Manufacturing Production Up 1.0%, Rises 1.4% Excluding Motor Vehicles–Utilities Production Fall By 0.4%, Mining Drops 2.5% After Two Gains–Empire State Index Rises to 17.0 in September from 3.7 in August By Kevin Kastner WASHINGTON (MaceNews) – Industrial production posted another gain in August, continuing the string […]
STATUS CHECK: ALL THE NEWS THAT FITS, REGARDLESS
WASHINGTON (MaceNews) – The following is Monday’s status check of developments in the U.S. that can influence economic, health and political outcomes The beginning of the week and instead of a nice orderly prioritization of the day’s key events, a mélange of the sometimes sober, sometimes hard to believe, sometimes truly absurd happenings that were […]
FOMC PREPARES FOR FIRST MEETING IN NEW MONETARY FRAMEWORK ERA
By Steven K. Beckner (MaceNews) – There was very little chance the Federal Reserve was going to raise interest rates anytime soon but, just to make sure, the Fed’s rate-setting Federal Open Market Committee gave itself a dual justification for holding rates down indefinitely with the new monetary policy framework it announced on Aug. 27 […]
STATUS CHECK: THEN AND NOW, A DAY THAT SHOWS AMERICA TO ITSELF
WASHINGTON (MaceNews) – The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes: Friday night and another typical week passes into history, but not before President Trump compared himself to Winston Churchill. He said he was not lying. He was advising the country to, “Keep calm […]
DATA PREVIEW: IS IT TOO EARLY TO CARE ABOUT 2023?
By Kevin Kastner WASHINGTON (MaceNews) – The upcoming week’s key events are concentrated into the middle of the week, with Wednesday’s FOMC meeting the highlight. While it is doubtful that the meeting will produce anything earth-shattering, it should confirm the shift in attention toward improving the employment situation and supporting the economic recovery rather than […]
FOMC PREPARES FOR FIRST MEETING IN NEW MONETARY FRAMEWORK ERA
By Steven K. Beckner (MaceNews) – There was very little chance the Federal Reserve was going to raise interest rates anytime soon but, just to make sure, the Fed’s rate-setting Federal Open Market Committee gave itself a dual justification for holding rates down indefinitely with the new monetary policy framework it announced on Aug. 27 […]
ECB’S LANE: BASELINE FORECASTS BASED ON WIDESPREAD COVID JAB BY END-2021
By Laurie Laird LONDON (MaceNews) – The most recent ECB economic forecasts assume that a vaccine to combat Covid-19 virus could be available by the end of next year, according to the central bank’s chief economist, Philip Lane Friday. The “baseline” estimates assume that “maybe a vaccine will be found by the middle of next […]
BOC’S MACKLEM Q&A: AS BANK ASSESSES ASSET PURCHASES, ‘COULD BE MORE, COULD BE LESS’
NEW YORK (MaceNews) – Bank of Canada Governor Tiff Macklem Thursday said the bank’s “recalibration” of its asset purchases means it will consider adjusting the scale of its buying, and the maturities of its debt purchases. Macklem, speaking at a press conference, was asked to explain the bank’s recent statements that it will “recalibrate” its large-scale asset […]