DATA PREVIEW: AUGUST PAYROLLS, HURRICANE LAURA TOP OF MIND
By Kevin Kastner WASHINGTON (MaceNews) – The impact of Hurricane Laura, which ripped through the Gulf Region on Thursday and is carving its way up the middle of the U.S. as we speak, will be felt in the weekly initial claims and rig count data next week and could also affect retail sales and other […]
ANALYSIS: FED CAN NOW HAVE FULL-THROATED RECOVERY FOCUS ON JOBS
By Denny Gulino WASHINGTON (MaceNews) – The pandemic’s destruction of U.S. employment was not the trigger for the new Federal Reserve policy framework, in the works long before the virus hit. However the jobs crisis is a perfectly appropriate context for the focus on employment. That focus had already become the hallmark of the Jay […]
TEXT: FED’S GUIDE TO LONGER-RUN GOALS, MONPOL STRATEGY
WASHINGTON (MaceNews) – The following is the text of the Federal Reserve’s guide to the changes in its longer-run goals and monetary policy strategy that was released along with Fed Chair Jay Powell’s remarks Thursday morning: In the revised Statement on Longer-Run Goals and Monetary Policy Strategy shown below, bold red text shows additions and […]
DATA FLASH: US 2ND QTR GDP REVISED UP TO -31.7%
—Second Quarter PCE Revised Up to -34.1% From -34.6% Previously–Initial Jobless Claims Fell By 98,000 to 1.006 Million in August 22 Week By Kevin Kastner WASHINGTON (MaceNews) – Second quarter GDP was revised up due to upward adjustments to all its components. Even with the small improvement, though, the second quarter reading remains the largest […]
DATA PREVIEW: STIMULUS GRIDLOCK, COVID CUTS INTO CONFIDENCE
By Kevin Kastner WASHINGTON (MaceNews) – The inability to pass new stimulus measures in the face of rising COVID-19 cases likely had a dampening effect on consumer confidence in August, even as interest rates have hit rock-bottom, gasoline prices are low and with the U.S. stock markets to a large extent having eclipsed their pre-COVID […]
STATUS CHECK: OF SIDESHOWS AND MAIN EVENTS
WASHINGTON (MaceNews) – The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes: In the latter half of August, all kinds of news. Another former top aide to the president indicted. A 77-year-old white man accepts the nomination to be president. A coronal mass ejection – […]
DATA FLASH: US INITIAL CLAIMS, PHIL FED INDEX DISAPPOINTS
–-Initial Claims +135,000 to 1.106 Mln In August 15 Week–-Philadelphia Fed Index Falls to 17.2 in August from 24.1 in July–-Leading Indicators Index Rises 1.4%/July, But Suggests Recovery Slowing By Kevin Kastner WASHINGTON (MaceNews) – The future of the enhanced jobless claims program remains uncertain as talks between the Administration and Congress have gone silent, but […]
STATUS CHECK: IF YOU CAN’T SAY SOMETHING NICE … SPEAK AT THE DNC
WASHINGTON (MaceNews) – The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes: The exposition of democratic ideals brought down to Earth or simply a political culture war, the insults flew, the arrows of invective were launched at the enemy, the Democrats railed against the man […]
STATUS CHECK: MIDDLE EAST BREAKTHROUGH; VIRUS RELIEF STALEMATE
WASHINGTON (MaceNews) – The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes: An authentic though preliminary breakthrough, a third Arab country normalizing relations with Israel. With the UAE’s agreement, Israel suspends its claims of sovereignty over the West Bank claimed by Palestinians for a future […]
DATA FLASH: US INITIAL CLAIMS DIP AS FUTURE STILL UNDER DEBATE
–Initial Claims -228,000 to 963,000; First Reading Below 1 Million Under COVID–July Import Prices Rose 0.7%, But Only 0.2% Ex. Fuels By Kevin Kastner WASHINGTON (MaceNews) – As Congress and the White House continue to spar – or currently refuse to spar – on the future of the enhanced jobless claims program, initial claims fell by […]