DATA FLASH: US AUGUST PPI UP 0.3%; FOOD AND ENERGY DOWN
–Prices Ex. Food and Energy Rose 0.4%; Up 0.3% Excluding Trade Services as Well–Energy Prices Fall 0.1% After Two Gains; Gasoline Prices Down 1.4%–Food Prices Down 0.4%, Continuing Downward Trend–Initial Jobless Claims Unchanged at 884,000 in the August 5 Week By Kevin Kastner WASHINGTON (MaceNews) – U.S. business prices rose by 0.3% in August, as […]
STATUS CHECK: “I SAID, ‘DON’T PANIC'”
WASHINGTON (MaceNews) – The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes: You’ve heard the recordings, read the excerpts. What’s more to say? So skipping ahead, of course once The Washington Post’s Web site unveiled the excerpts of Bob Woodward’s latest book “Rage,” complete with […]
STATUS CHECK: LOOKING BEYOND THE ELECTION
WASHINGTON (MaceNews) –-The following is Sunday’s status check of developments in the U.S. that can influence economic, health and political outcomes: On this holiday weekend, instead of the usual recounting of the significant news of the day – of which there is none right now – today’s “Status Check” reflects on a speculative future beyond […]
STATUS CHECK: AN UNEXPECTED SILVER LINING IN A TRUMP TWEET
WASHINGTON (MaceNews) –-The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes: A week of many parts, – some scary, some absurd, some mystifying – and yet only a very few worth holding on to, with meaning for the future. That narrows it down to Tuesday’s […]
DATA PREVIEW: IS INFLATION NOW A TREE FALLING IN THE FOREST?
By Kevin Kastner WASHINGTON (MaceNews) – The highlight of next week, not counting a Monday holiday of course, will be the August readings of business and consumer inflation at the end of the week–indicators that were closely-watched before the COVID crisis. But now, thanks to much more pressing issues this year, inflation was put on […]
DATA FLASH: US AUGUST PAYROLLS UP 1.371 MLN; UNEMP RATE 8.4%
-Retail, Government Sectors Lead Gain; Hourly Earnings Up 0.4% By Kevin Kastner WASHINGTON (MaceNews) – The August employment report showed continued payrolls improvement, though the size of those gains continues to slow and likely reflects the return of laid-off workers rather than new job creation. Likewise, the unemployment rate fell sharply in the month to […]
FED’S EVANS: ‘PARTISAN POLITICS’ THREATENS FISCAL RELIEF; POSES ‘SIGNIFICANT DOWNSIDE RISK’
NEW YORK (MaceNews) – Political wrangling threatens needed fiscal support for the U.S. economy, and poses a big downside risk, Chicago Fed President Charles Evans said Thursday. In unusually blunt language, Evans called out politicians for lack of action, saying the expiration of an array of federal programs threatens the recovery, and that more fiscal […]
DATA FLASH: US INITIAL CLAIMS FALL ON TECHINICAL FACTORS
–-Initial Claims -130,000 to 881,000, No Mention of Hurricane Laura–July Trade Gap Widens to 12-yr High $63.6 Billion; Sharp Gain in Imports–Nonfarm Productivity Revised Up on Smaller Output Plunge By Kevin Kastner WASHINGTON (MaceNews) –Initial claims fell by 130,000 in the August 29 week to a level of 881,000, well below the 958,000 level expected and […]
STATUS CHECK: TRUMP WANTS TO DISOWN NYC, PORTLAND, D.C.
WASHINGTON (MaceNews) –-The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes: The day was full of campaign moves, some disguised as something else. For instance, President Trump’s memo to government agencies late in the day directed preparations be made to disown certain cities that he […]
STATUS CHECK: FROM JACOB BLAKE TO CHADWICK BOZEMAN, A WEEK TO REMEMBER – AND FORGET
WASHINGTON (MaceNews) – The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes: A week filled with news is over. No more apocalyptic-themed Republican National Convention. The ghost of Hurricane Laura is cutting across the Washington-to-Philadelphia area toward the Atlantic. The Federal Reserve has formalized its […]