FED’S BULLARD: MON POLICY ‘GREAT’ BUT CAN ‘REDOUBLE’ QE EFFORTS IF NEEDED
–Fed Established Expectations No Rate Hikes ‘For A Long Time” –Fed, Tsy Have Flexibility To Deal Wtih Renewed Financial Stress if Needed –Economy Holding Up; Expect Above Trend Growth Q4, 1st half –Pandemic Doesn’t Necessarily Impede Output, Employment By Steven K. Beckner (MaceNews) – St. Louis Federal Reserve Bank President James Bullard Tuesday spoke hopefully […]
ECB’S SCHNABEL SUGGESTS EXTENDING TIME FRAME TO RETURN INFLATION TO TARGET
— Rate setter says the Bank has lost the “trust” of the public By Laurie Laird LONDON (MaceNews) — A key European Central Bank official Tuesday suggested adjustments to bank’s mandate, particularly the timing of returning inflation to target, while hinting that historically-loose monetary policy could become ever-less effective in stimulating economic growth. “It could […]
GERMAN BUSINESS CONFIDENCE FALLS IN NOVEMBER ON VIRUS CONCERNS
By Marco Babic ZURICH (MaceNews) – Sentiment at German companies deteriorated in November, as a second wave of COVID-19 cases are dampening expectations, the Munich-based Ifo Institute said Tuesday. The Business Climate Index fell for a second month to 90.7 in November from a revised 92.5 (92.7) the previous month. The decline was not as […]
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 […]
BOE SEES DIMINISHING MARGINAL RETURNS FROM ASSET PURCHASES
— External Rate Setters Lament Low Inflation, Raising Questions Over MPC Rift and Future Policy By Laurie LairdLONDON (MaceNews) – Top Bank of England rate setters agreed that quantitative easing will exert a diminishing influence on the UK economic recovery, raising questions about the tools available to the central bank as two external officials lamented […]
MONDAY WHITE HOUSE SCHEDULE
WASHINGTON (MaceNews) – The following is Monday’s public White House schedule: DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, NOVEMBER 23, 2020 EST 10:00AM In-House Pool Call Time THE PRESIDENT has no public events scheduled. — Content may appear first or exclusively on the Mace News premium service. For real-time email delivery contact tony@macenews.com. Twitter headlines @macenewsmacro.
SATURDAY/SUNDAY WHITE HOUSE SCHEDULE
WASHINGTON (MaceNews) – The following is the public White House schedule for Saturday and Sunday: WEEKEND GUIDANCE AND PRESS SCHEDULE FORSATURDAY, NOVEMBER 21, 2020, THROUGH SUNDAY, NOVEMBER 22, 2020 Saturday, November 21, 2020 EST 8:00AM In-House Pool Call Time 8:00AM THE PRESIDENT participates in a Virtual 2020 G20 Summit Closed Press White House Situation Room Sunday, November 22, […]
STATUS CHECK COMMENTARY- WHAT’S WORTH $18,818.10?
WASHINGTON (MaceNews) – The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes. Friday night and such shrill warnings from every side. Donald Trump is trashing democracy, says CNN. Governors imposing lockdowns and school closings are trashing democracy, says Fox News. Why doesn’t everyone acknowledge the […]
DATA PREVIEW: ODD THANKSGIVING CAPS OFF A BUSY WEEK
By Kevin Kastner WASHINGTON (MaceNews) – As a result of surging COVID cases, the upcoming Thanksgiving holiday will be the strangest on record, with a Zoom screen at the other end of the table rather than relatives. It could prevent the spread of COVID, but it may also prevent the usual Thanksgiving sporting event in […]
COVID RESURGENCE RAISES EU FINANCIAL STABILITY RISKS, AFFECTS GROWTH OUTLOOK – BOI
By Silvia Marchetti ROME (MacsNews) – The second COVID-19 wave hitting Europe and in Italy is raising financial stability risks and could worsen the outlook, the Bank of Italy warned Friday in its Financial Stability Report. Even though summer’s economic recovery was greater than expected also thanks to the support of monetary policy, “the risks […]