DATA FLASH: US INITIAL CLAIMS SLIP FURTHER, BUT NOT VERY QUICKLY
-Initial Claims -9,000 to 840,000; 4-Wk Average Has 10th Straight Decline By Kevin Kastner WASHINGTON (MaceNews) – Initial claims fell by 9,000 in the October 3 week to a level of 840,000, above expectations for a level of 819,000, the Labor Department reported Thursday. While any decline is welcomed, the tight range in which initial claims […]
BANK OF CANADA’S MACKLEM: RESUMPTION OF PAYMENTS ‘GOING WELL’ AS DEFERRALS EXPIRE
NEW YORK (MaceNews) – So far, so good is the message from Bank of Canada Governor Tiff Macklem Thursday as Canadian borrowers resume loan payments deferred during the pandemic. Still, the BOC will watch closely to see how well households and businesses cope with expiring loan deferrals and will also monitor whether excessive debt is […]
ECB’S SCHNABEL RAISES THE ALARM ON EU BANKING SECTOR
—But BOE’s Bailey Hails Health of UK banks at Banking Stability Conference By Laurie Laird LONDON (MaceNews) – A top European Central Bank official lamented the health of the European banking sector, calling for greater integration and risk sharing across the eurozone. The return on equity for eurozone banks fell to 0.01% at the end […]
OPEC SEES PARTIAL OIL DEMAND RECOVERY IN 2021, EXPECTS MEMBERS TO GROW MKT SHARE
–US Shale Sector To Recover Quickly As Market Conditions Improve –Sees Longer-Term Decline In OECD Oil Demand, Increased Consumption In Non-OECD Region By Brai Odion-Esene, SW4 Insights for Mace News WASHINGTON (MaceNews) – Influential oil group OPEC Thursday predicted a partial rebound in oil demand next year, although the coronavirus outbreak remains a major X-factor, […]
FOMC MINUTES: WORRIED ABOUT MORE VIRUS WITH NO STIMULUS
By Denny Gulino WASHINGTON (MaceNews) – The minutes of the mid September Federal Open Market Committee meeting Wednesday showed Fed Board members and regional bank presidents worried about more intense virus outbreaks and the chance of no near-term government stimulus – weeks before both concern seemed to be realized. The minutes added almost nothing in […]
STATUS CHECK ANALYSIS – WHY? WHY NO PANDEMIC RELIEF?
WASHINGTON (MaceNews) – The following is Tuesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. Another day, another tweet, another reversal that surprises everyone, especially the stock markets. No new pandemic relief until at least sometime after Election Day. So now money left over from the CARES Act […]
FED’S POWELL: TRYING TO PREVENT ECON DAMAGE GETTING WORSE
–Recovery ‘Incomplete;’ Permanent Unemployment Notably Worse By Denny Gulino WASHINGTON (MaceNews) – Federal Reserve Chair Jay Powell Tuesday said he is more concerned about preventing worse damage from the pandemic crisis than celebrating any rebound, in fact, saying the economy is slowing and unemployment is worse than indicated. Powell’s main message was that there is […]
STATUS CHECK – A DAY OF SYMBOLISM MARRIED TO COVID REALITY
WASHINGTON (MaceNews) – The following is Monday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · A leader sacrificing himself for others, or sacrificing others for himself? That was the question dividing Americans on a Monday night 30 days before a presidential election. “I stood out front. I […]
STATUS CHECK – REMDESIVIR, A NEW TWEET AND LOTS OF WAITING
WASHINGTON (MaceNews) – The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · The wrenching change was overpowering, leaving Friday night an empty wasteland of spent emotions, whether for those in MAGA land or for many of those who were just wondering if they really […]
DATA PREVIEW: DATA TAKES BACKSTAGE TO PENCE VS HARRIS
By Kevin Kastner WASHINGTON (MaceNews) – Sandwiched between two extremely busy weeks, a quiet period is on tap in the upcoming week – for data at least. After the “pageantry” of the first presidential debate, there is a hope that Wednesday’s undercard debate between Vice President Mike Pence and Senator Kamala Harris will be a […]