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 […]
DATA FLASH: US SEPTEMBER PAYROLLS UP 661,000; UNEMPLOYMENT RATE 7.9%
–Leisure and Hospitality, Retail Sectors Lead Gain; Hourly Earnings +0.1% By Kevin Kastner WASHINGTON (MaceNews) – The September employment report Friday showed solid, but softer than expected payrolls improvement and a modest increase in hourly earnings. A sharp drop in local education payrolls was a key factor. At the same time, the unemployment rate fell […]
WHITE HOUSE ROILED AS TRUMP’S POSITIVE TEST RIPPLES THROUGH GOVT
–VP Pence, Tsy’s Mnuchin Test Negative; NYT Says Trump Has Mild, Cold-like Symptoms By Denny Gulino WASHINGTON (MaceNews) – As President Trump and the First Lady are restricted to their living quarters in the White House Friday, some of the implications of their COVID-19 diagnoses are being revealed minute by minute. Much, however, has not […]
STATUS CHECK – AS PANDEMIC RELIEF TALKS GO ON, A DEEPENING CRISIS
–Presidential Aide Hope Hicks Tests Positive WASHINGTON (MaceNews) – The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · Amazon said Thursday 20,000 of its 1.4 million employees have tested positive for the coronavirus and on Wednesday alone, another 41,000 cases were diagnosed positive across […]
DATA FLASH: US MANUFACTURING CONDITIONS EXPAND FURTHER
–ISM Mfg Index Falls Slightly to 55.4 in September, Below Expectations–Aug Construction Spending Stronger Than Expected;, Residential Surge–Personal Income Falls on Waning Benefits; PCE Gains Slowing–Initial Claims Decline Further; Continuing Claims Lowest Virus Count By Kevin Kastner WASHINGTON (MaceNews) – The September ISM index Thursday showed U.S. manufacturing sector activity expanded further, but at a […]