FOMC DOUBLES DOWN ON INFLATION OVERSHOOTING
–To Aim ‘Moderately above 2% For Some Time’ –Will Have a Big Area of the Economy ‘That Struggles’ By Denny Gulino WASHINGTON (MaceNews) – The new era of Federal Reserve policy allowing an overshoot of its 2% inflation target for an extended time launched Wednesday with two Federal Open Market Committee dissents after a “robust […]
DATA FLASH: US INDUSTRIAL PRODUCTION SUGGEST RECOVERY SLOWING
–Industrial Production Up Only 0.4%, Motor Vehicle Production Falls 3.7%–Manufacturing Production Up 1.0%, Rises 1.4% Excluding Motor Vehicles–Utilities Production Fall By 0.4%, Mining Drops 2.5% After Two Gains–Empire State Index Rises to 17.0 in September from 3.7 in August By Kevin Kastner WASHINGTON (MaceNews) – Industrial production posted another gain in August, continuing the string […]
STATUS CHECK: ALL THE NEWS THAT FITS, REGARDLESS
WASHINGTON (MaceNews) – The following is Monday’s status check of developments in the U.S. that can influence economic, health and political outcomes The beginning of the week and instead of a nice orderly prioritization of the day’s key events, a mélange of the sometimes sober, sometimes hard to believe, sometimes truly absurd happenings that were […]
DATA FLASH: US AUGUST PAYROLLS UP 1.371 MLN; UNEMP RATE 8.4%
-Retail, Government Sectors Lead Gain; Hourly Earnings Up 0.4% By Kevin Kastner WASHINGTON (MaceNews) – The August employment report showed continued payrolls improvement, though the size of those gains continues to slow and likely reflects the return of laid-off workers rather than new job creation. Likewise, the unemployment rate fell sharply in the month to […]
STATUS CHECK: A MARKETS PULLBACK AND A PRESIDENTIAL PUSHBACK
WASHINGTON (MaceNews) –-The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes: So severe was the day’s stocks pullback that the Nasdaq – pulled down 4.96% – was the lowest it’s been since … Tuesday a week ago. After so many record highs, how serious was […]
STATUS CHECK: TRUMP WANTS TO DISOWN NYC, PORTLAND, D.C.
WASHINGTON (MaceNews) –-The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes: The day was full of campaign moves, some disguised as something else. For instance, President Trump’s memo to government agencies late in the day directed preparations be made to disown certain cities that he […]
US CBO TEXT: DEFICIT HEADING TO ALL-TIME RECORD; 10-YR OUTLOOK SURPRISES
WASHINGTON (MaceNews) – The non-partisan Congressional Budget Office Wednesday updated its outlook for annual budget deficits, and while the impending record widening is no surprise, the tapering toward the end of the next decade was unexpected. The following is the CBO text of its summary of the budget update, with boldfaced emphasis added: • Deficits […]
STATUS CHECK: FOOD LINES AND GOVT INERTIA; VIRUS, STREET UNREST, JOBLESSNESS
WASHINGTON (MaceNews) – The following is Monday’s status check of developments in the U.S. that can influence economic, health and political outcomes: Life in these United States, another chapter. President Trump holds a news conference and defends his MAGA truck rally firing paint balls at Black Lives Matter protestors – “Paint is not bullets.” – […]
STATUS CHECK: FROM JACOB BLAKE TO CHADWICK BOZEMAN, A WEEK TO REMEMBER – AND FORGET
WASHINGTON (MaceNews) – The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes: A week filled with news is over. No more apocalyptic-themed Republican National Convention. The ghost of Hurricane Laura is cutting across the Washington-to-Philadelphia area toward the Atlantic. The Federal Reserve has formalized its […]
DATA PREVIEW: AUGUST PAYROLLS, HURRICANE LAURA TOP OF MIND
By Kevin Kastner WASHINGTON (MaceNews) – The impact of Hurricane Laura, which ripped through the Gulf Region on Thursday and is carving its way up the middle of the U.S. as we speak, will be felt in the weekly initial claims and rig count data next week and could also affect retail sales and other […]