DATA PREVIEW: JOBS REPORT COULD SEE 1-2-3 PUNCH FROM HURRICANES
By Kevin Kastner WASHINGTON (MaceNews) – The September employment report could be hit with a triple shot from Hurricanes Marco, Laura, and Sally, adding to the already-slowing pace of gains seen over the last three months. Hurricane Marco slammed into the Gulf Coast on August 24, followed swiftly by Hurricane Laura on August 27, both […]
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 […]
BANK OF ENGLAND’S CHIEF ECONOMIST PREDICTS PERMANENT SCARRING TO THE LABOUR MARKET
By Laurie Laird LONDON (MaceNews) – The UK labour market could suffer permanent scarring as a result of the coronavirus, according to a top central banker. “There’s a good chance that coronavirus will” accelerate a shift toward knowledge-based digital industries that was already in train before the pandemic ravaged the economy, Bank of England Chief […]
DATA FLASH: US INITIAL CLAIMS IN TIGHT RANGE; NEW HOME SALES SURGE
–Initial Claims Rise By 4,000 to 870,000; 4-Week Average Declines Further–New Home Sales Up 4.8% to 1.011 Million SAAR in Aug, High Since 2006 By Kevin Kastner WASHINGTON (MaceNews) – Initial claims rose by 4,000 in the September 19 week to a level of 870,000, below the 880,000 level expected and within the same narrow range […]
DATA PREVIEW: HOUSING SECTOR FUELED BY LOW RATES
By Kevin Kastner WASHINGTON (MaceNews) – While the retail and manufacturing sectors continue to improve from their spring lows, neither have received the benefits of record low interest rates as much as the housing sector. In the upcoming light data week, August home sales data will take center stage. After double digit gains in July, […]
FED’S BULLARD: ECONOMY CAN BOUNCE BACK QUICKLY; JOBLESS RATE DROPPING
NEW YORK (MaceNews) – St. Louis Fed President James Bullard Friday offered a sunny view of the economic outlook, saying the economy continues to rebound as businesses adapt to the pandemic, and unemployment is headed down to 6.5% by December. Bullard said much of the rise in unemployment has been due to temporary layoffs, and […]
STATUS CHECK: MORE ROUTINE JOBLESSNESS, POLITICAL SLURS
WASHINGTON (MaceNews) – The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes: The news of the day was pretty routine. Another former White House insider, Olivia Troye, accused President Trump of being a hypocrite and in turn was described by the White House as just […]
DATA FLASH: AUGUST HOUSING STARTS SLOW DUE TO DROP IN MULTIFAMILY
–Housing Starts Fall By 5.1% to 1.416 Mln SAAR, But Single-Family Up 4.1%–Initial Jobless Claims Fall 33,000 to 860,000 in September 12 Week–Philadelphia Fed Index Slips to 15.0 in September Vs 17.2 August By Kevin Kastner WASHINGTON (MaceNews) – The U.S. August home building data, released Thursday, were weaker than expected. However, the data represent […]
STATUS CHECK: VACCINES, BIG 10, 2% INFL – ALL ON THE WAY
WASHINGTON (MaceNews) – The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes: Wednesday and it seems the world is singing the old Bob Gibson song, “That’s the Way It’s Gonna Be,” also recorded by Bob Denver, The Chad Mitchell Trio, Jose Feliciano and many more. […]
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 […]