Fed’s Beige Book: Economy Weighed by Delta Variant with Growth ‘Downshifted’
WASHINGTON (MaceNews) – The Federal Reserve’s survey of economic conditions nationwide Wednesday found the economy “downshifted slightly” during the summer as the Delta variant hurt restaurants, tourism and travel while supply disruptions, labor shortages and semiconductor shortages added to the slowing. The survey of the 12 regional Fed districts was conducted through Aug. 30 and […]
US Data Preview Commentary: PPI, JOLTS, Beige Book and Many, Many Questions
WASHINGTON (MaceNews) – This week – for many, the last gasp of summer – has less guidance in the form of fresh U.S. economic data than any week this year, and the two major reports that are arriving raise more questions than answers. Wednesday’s JOLTS report says so much about job openings and the record […]
Friday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Friday’s schedules for the White House, Treasury, the State Department, USTR, the Capitol and for upcoming Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORFRIDAY, SEPTEMBER 3, 2021 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Then, the […]
US Data Preview Commentary: Jobs Rpt, ISMs, Confidence and The Departure
WASHINGTON (MaceNews) – It’s a week light on major data other than the August jobs report, the two momentum reports ISM’s manufacturing and services indexes – and a Conference Board consumer confidence measure more closely watched since the collapse of the UMich consumer sentiment reading for the month. The optimists think confidence will sink by […]
Saturday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Saturday’s schedules for the White House, Treasury, the State Department, USTR, the Capitol and for upcoming Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORSATURDAY, AUGUST 28, 2021 In the morning, the President and the Vice President will meet with their national security team to hear […]
Cautious Powell Stops Short of Signaling Near-Term Tapering In Jackson Hole Talk
‘Progress’ on Employment Made But Much More Ground To Cover Cites Downside Risks From Delta Variant Warns Would Be ‘Mistake’ To Tighten Policy Too Soon By Steven K. Beckner (MaceNews) – A cautious Federal Reserve Chairman Jerome Powell Friday continued to indicate that the Fed is getting closer to scaling back asset purchases, but stopped […]
US Data Preview Commentary: CPI, PPI, UMich and Most Important and Least Regarded, Productivity
WASHINGTON (MaceNews) – It’s inflation week, with the CPI and the PPI on Wednesday and Thursday, reigniting the now sterile speculation about whether price pressures are transitory, when it’s more important for the same question to be applied to a quite different economic statistic, Tuesday’s report on productivity. Simply stated, productivity growth is what sustains […]
Friday’s Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Friday’s schedules for the White House, Treasury, the State Department, the Capitol and for upcoming Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORFRIDAY, AUGUST 6, 2021 In the morning, the President will receive the President’s Daily Brief in the Oval Office. This meeting will be […]
Thursday’s Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Thursday’s schedules for the White House, Treasury, the State Department, the Capitol and for upcoming Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, AUGUST 5, 2021 In the morning, the President will receive the President’s Daily Brief in the Oval Office. This meeting […]
Tuesday’s Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, the State Department, the Capitol and for upcoming Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FOR TUESDAY, AUGUST 3, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval […]