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 […]
STATUS CHECK: CULTURE WAR MORE COMPLICATED AT GROUND LEVEL
WASHINGTON (MaceNews) – The following is Tuesday’s status check of developments in the U.S. that can influence economic, health and political outcomes: The conflicted national mood was well represented Tuesday, with the stark warnings from the Republican National Convention speakers the night before of what was described as a choice between “church, work and school […]
DATA FLASH: US AUGUST CONFIDENCE FALLS FURTHER AS CONCERNS GROW
–Confidence in Both Current Conditions, Expectations Drop Sharply–July New Home Sales Jump by 13.9% To 901,000 SAAR, up 36.3% Yr/Yr –Manufacturing Regional Data Mixed, But Further Services Improvement By Kevin Kastner WASHINGTON (MaceNews) -The Conference Board’s U.S. consumer confidence index fell to a reading of 84.8 in August from a downward revised 91.7 reading in […]
GERMAN BUSINESS SENTIMENT CONTINUED TO IMPROVE IN AUGUST
By Marco Babic ZURICH (MaceNews) – Business sentiment in Germany improved for the fourth consecutive month in August as both current conditions and expectations for the situation in the next six months rose. The Ifo Index of Business Sentiment rose to 92.6 in August, slightly above the median forecast of 92.4 in an Econoday survey […]
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 […]
DATA FLASH: EXISTING HOME SALES NOW IN ‘BOOMING PHASE’
-Existing Home Sales Surge by 24.7% to a 5.86 Mln Rate, High Since 2006-Supply Continues To Contract, Lifting Prices To Record High-Markit Flash Data Rise, Contradicting Regional Data to Date By Kevin Kastner WASHINGTON (MaceNews) – U.S. existing home sales surged to a 14-year high in July on record low mortgage rates and an increased […]
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 […]