US Data Preview: Rescue Plan Billions Transcend Data/FOMC
–Coming Up, Retail Sales, Housing Starts; FOMC, Leading Indicators WASHINGTON (MaceNews) – Let’s face it, far more significant than the upcoming week’s economic data and FOMC meeting – more than perhaps the entire year’s upcoming data and FOMC meetings – is that the government is beginning to dump American Rescue Plan billions – hundreds of […]
DATA PREVIEW: US RETAIL SALES, PPI, HOUSING STARTS
WASHINGTON (MaceNews) – The week ahead has a jammed schedule of economic data after Monday’s President’s Day federal holiday hiatus and most closely watched will be the report on January retail sales. While sales through December were 2.9% ahead of a year earlier, it’s the current pace that is key for an assessment of first […]
JAPAN DEC HOUSEHOLD SPENDING SLIPS Y/Y BUT OCT-DEC GAIN POINTS TO Q4 GDP GROWTH
By Max Sato (MaceNews) – Japan’s household spending in December suffered the first year-on-year drop in three months, albeit modest, as more people turned cautious about eating out and traveling outside their areas, data released Friday by the Ministry of Internal Affairs and Communications showed. But the key indicator of private consumption marked the second […]
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 […]
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 […]
DATA PREVIEW: RETAIL SALES, HOUSING STARTS, FED MEETING
By Denny Gulino WASHINGTON (MaceNews) – The November retail sales report from the Census Bureau is the highlight among the upcoming week’s economic data with housing starts along for the ride, readings in two industries doing better than expected during the pandemic. Retail sales through October were up 5.7% from a year earlier according to […]
STATUS CHECK COMMENTARY- A TRUMP GOODBYE SPEECH IN THE WORKS?
WASHINGTON (MaceNews) – The following is Monday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · A Monday night to remember, when Joe Biden won the presidency, sort of. It was a time for Biden supporters to celebrate all over again. They didn’t but they could have. The […]
STATUS CHECK COMMENTARY- THE ELECTIONS WERE FRAUD-FREE? YOU’RE FIRED.
WASHINGTON (MaceNews) – The following is Tuesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. “He had rid himself of the red sickness of battle.” So wrote Stephen Crane, in “The Red Badge of Courage.” Which relates to this presidential tweet: “The recent statement by Chris Krebs on […]
DATA FLASH: RETAIL SALES GROWTH SLOWS, UP 0.3% IN OCTOBER
–Retail Sales Ex-Motor Vehicles Rise Only 0.3%; Clothing Sales Reverse–Industrial Production Jumps By 1.1% as Utilities Production Rebounds–Business Inventories Up 0.7% in September, Business Sales Up 0.6% By Kevin Kastner WASHINGTON (MaceNews) – Retail sales rose only modestly in October, a much smaller increase than in previous months, the Commerce Department reported Tuesday. Total retail […]
STATUS CHECK COMMENTARY- TESLA NEWS VS MODERNA NEWS – A TIE?
WASHINGTON (MaceNews) – The following is Monday’s status check of developments in the U.S. that can influence economic, health and political outcomes. Was the big news of the day Moderna’s 94.5% efficacious vaccine candidate, sending that company’s stock up almost 10%, or Tesla being granted membership in the S&P 500 club beginning Dec. 21, an […]