BUSINESS ECONOMISTS GRAPPLE WITH OUTLOOK, TRY TO CATCH UP WITH DETERIORATION
WASHINGTON (MaceNews) – The National Association for Business Economics Monday published its latest survey of business conditions and 107 of its members concluded that the outlook has been clouded so much by the pandemic that there are few definitive conclusions at this early stage. The NABE’s averaged survey results showed a severe economic dislocation yet […]
FED’S POWELL WARNS AGAINST ‘FALSE STARTS’ RE REOPENING
–Up to $2.3 Trillion in Virus-Related Emergency Support -Powell: Not Worrying About Inflation By Denny Gulino WASHINGTON (MaceNews)- Federal Reserve Chair Jay Powell Thursday explained more about how the central bank is remaking itself to keep intact the structure of an enfeebled economy and he joined the chorus of voices warning against returning to work […]
BOSTON FED’S ROSENGREN Q&A: DISTRESS AHEAD FOR HEAVILY LEVERAGED
–Pandemic Likely To Be A Bigger Financial Distress Problem NEW YORK (MaceNews) – Boston Federal Reserve Bank President Eric Rosengren opposed the pre-crisis rate cuts and now he is being proven right, the pandemic’s effects will be worse than otherwise because the Fed had less ammunition while some individuals and firms accumulated too much low-interest […]
US 2ND QTR GDP: TECHNICAL NOTE EXCERPTS
WASHINGTON (MaceNews) – The following are excerpts from the U.S. Bureau of Economic Analysis technical notes which accompany Friday’s report on second-quarter GDP: GDP increased 2.1 percent (annual rate) in the second quarter of 2019, following an increase of 3.1percent in the first. The increase in second quarter real GDP primarily reflected increases in consumer […]