Category: Data

DATA PREVIEW: HOUSING WEEK AND HOPEFULLY NEW BEGINNINGS

–Domestic Terrorism, Mounting Virus Death Tolls, Deep Divisions Overwhelm Data WASHINGTON (MaceNews) – The upcoming week’s events, an Inauguration Day in the armed camp “Green Zone” that is now D.C. amid threats of violence at statehouses across the country, overshadows what little economic data will be published. The week begins with a holiday, progresses to […]

ITALY RECOVERY AHEAD, BACK TO PRE-PANDEMIC LEVELS IN 2023 – BOI

By Silvia Marchetti ROME (MNI) – The Bank of Italy Friday forecast an average 3.5% GDP growth this year, 3.8% in 2022 and and 2.3% in 2023 when pre-crisis levels are expected to be recovered. In its economic bulletin the BOI said the European Central Bank’s ongoing accommodative policy stance and new European measures aimed […]

FED’S BEIGE BK SEES MODEST EXPANSION AMID MIXED SIGNALS

WASHINGTON (MaceNews) – The surge in COVID-19 cases and “stricter containment measures” have produced mixed results for consumer spending while manufacturing has continued to recover despite weaker auto sales, the Federal Reserve’s Beige Book survey suggested Wednesday. Four districts – Kansas City, Philadelphia, St. Louis and New York – reported no improvement and “a growing […]

BOE RATE SETTER: UK CONTRACTION EXAGGERATED BY STATISTICAL ANOMALIES

— MPC Member Broadbent suggests inflation has fallen by less than feared By Laurie Laird LONDON (MaceNews) – The UK economic contraction may have been exaggerated by the statistical measurement of public services, according to a Bank of England official, who also downplayed sustained below-target inflation in Britain.  “Part of the drop in GDP reflects an […]

BOE OFFICIAL MAKES FORCEFUL CASE FOR NEGATIVE UK INTEREST RATES

—Tenreyro Sees Diminishing Benefit of QE as UK Output Contracts Sharply By Laurie Laird LONDON (MaceNews) – A top Bank of England rate setter forcefully endorsed the case for sub-zero interest rates, raising questions over the continued benefits of quantitative easing with UK output in the midst of another severe contraction. “My overall assessment is […]

STATUS CHECK COMMENTARY: TRUMP HOPES FOR A REBOUND, FACES ANOTHER IMPEACHMENT

WASHINGTON (MaceNews) – The following is Friday night’s status check of developments in the U.S. that can influence economic, health and political outcomes. ·        The bastions of freedom are firmly in place, holding back the forces of Trump, at least temporarily. That’s right, Twitter, Facebook, Google, even Spotify have moved to keep the president off […]

DATA PREVIEW: RETAIL SALES AND INFLATION MEASURES

WASHINGTON (MaceNews) – Economic data in the week ahead includes the December retail sales report, along with the two major inflation measures, the CPI just a week from Inauguration Day and the PPI but market participants are unlikely to pay much attention. The major stock indexes were propelled back into record territory Friday, in part […]

STATUS CHECK COMMENTARY: THE POST-SIEGE SCRAMBLE

WASHINGTON (MaceNews) – The following is Thursday night’s status check of developments in the U.S. that can influence economic, health and political outcomes. ·        The White House scrambled Thursday to soften the accurate perceptions of President Trump’s actions that precipitated the physical attack on Congress as various threats to his remaining few days in office […]