FOMC Minutes Show Same Stand-Still Philosophy Described by Chair Powell
FOMC Minutes Show Same Stand-Still Philosophy Described by Chair Powell WASHINGTON (MaceNews) – Federal Open Market Committee participants mulled the possibility of upside and downside risks on inflation, the pandemic and the uncertain future course of the economy, giving no hint they were even beginning to consider any policy changes. The minutes, in fact, seemed […]
Italy’s PM Draghi Calls For Common EU Budget, Says Euro ‘Not Reversible’
By Silvia Marchetti ROME (MaceNews) – Italy’s Prime Minister Mario Draghi said on Wednesday that the euro is irreversible and called for a common European budget to tackle challenges ahead. In a keynote speech at the Senate ahead of a confidence vote, Draghi pledged to efficiently implement pandemic European direct aid and implement a series […]
Pandemic Drives Surge in Global Debt in 2020, With Europe Leading, IIF Reports
NEW YORK (MaceNews) – Global public and private borrowing accelerated dramatically in 2020 as the pandemic crushed revenues, but borrowing is likely to slow with recovery in 2021, an international banking group reported Wednesday. Global public and private debt soared by $24 trillion in 2020 to a record $281 trillion — the 2020 gain alone […]
WEDNESDAY WASHINGTON SCHEDULES FROM MaceNews
WASHINGTON (MaceNews) – The following are Wednesday’s public schedules for the White House, Treasury, the Capitol and for upcoming economic data: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, FEBRUARY 17, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval Office. This meeting will […]
Japan Jan Exports Mark 2nd Straight Y/Y Rise on Global Silicon Cycle Uptrend
–Pre-Lunar Holiday Rush Shipments Also Supported Higher Export Growth —Japanese Carmakers Plan To Trim Output Amid Semiconductor Shortages By Max Sato (MaceNews) – Japanese exports posted the second straight year-on-year increase in January, reflecting the recent recovery trend in global demand for semiconductors, but the faster pace of increase from December was also due to […]
BoA GLOBAL FUND MANAGER SURVEY; INVESTORS EYE SHARP REBOUND IN ’21; CASH LEVELS AT 8-YR LOW
–Lowest Bond Holdings Since March 2018 By Vicki Schmelzer NEW YORK (MaceNews) – Investors, anticipating a sharper rebound in global economic activity in 2021, put monies to work in February, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. A net 91% of those polled looked for stronger economic […]
GERMAN ECONOMIC EXPECTATIONS RISE IN FEBRUARY: ZEW
ZURICH (MaceNews) – The outlook for Germany’s economy improved in February, with consumption and retail trade being the main drivers, according to the latest report released by the Mannheim-based ZEW Institute. The ZEW Indicator of Economic Sentiment rose to 71.2 in February, up 9.4 points from the January result, solidly exceeding the median forecast of […]
TUESDAY WASHINGTON SCHEDULES FROM MaceNews
WASHINGTON (MaceNews) – The following at Tuesday’s public schedules for the White House, Treasury, the Capitol and for upcoming economic data: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, FEBRUARY 16, 2021 In the afternoon, the President and the Vice President will receive the President’s Daily Brief in the Oval Office. This meeting will […]
MONDAY WASHINGTON SCHEDULES FROM MaceNews
WASHINGTON (MaceNews) – The following are the week ahead tentative schedule for the White House, Monday’s public schedule for the White House, Treasury, Capitol Hill as well as upcoming economic data: The White House WEEK AHEAD GUIDANCE FORTHE WEEK OF FEBRUARY 15 – FEBRUARY 19 Monday, February 15, 2021 The President will travel to the White […]
‘HE DIDN’T GET AWAY WITH ANYTHING YET’ – SENATE GOP LDR MCCONNELL ON TRUMP
By Denny Gulino –Trump: MAGA Campaign ‘Has Only Just Begun’ WASHINGTON (MaceNews) – The U.S. Senate Saturday came up 10 Republican votes short of conviction, leaving Donald Trump to declare his MAGA campaign “has only just begun.” The 57 votes against Trump were the biggest and most bipartisan majority yet for conviction of the four […]