FED’S WILLIAMS: OPEN MKT OPERATIONS HAVE STABILIZED MONEY MARKET, MAY ADJUST AS NEEDED
NEW YORK (MaceNews) – The Federal Reserve’s renewed program of open market operations has stabilized money markets and is keeping the federal funds rate at its target level, and the Fed may adjust its program as needed over time, New York Fed President John Williams said Thursday. Williams, in remarks prepared for delivery to a […]
FED’S EVANS: POLICY REVIEW INCLUDES MAXIMUM RATE OF EMPLOYMENT
By Suzanne Cosgrove CHICAGO (MaceNews) – Chicago Fed President Charles Evans Thursday said the Fed is continuing to review measures of its dual goals of price stability and maximum employment as part of an examination of its policy framework begun late last year. “One of the key questions facing us today is whether the economy […]
UPDATE: WHITE HOUSE WATCH: RESIDUAL MARKET HAPPINESS AS EVERYONE WONDERS WHAT’S NEXT
October 15th, 2019 By Denny Gulino THE WHITE HOUSE (MaceNews) – “Never a dull moment” doesn’t quite capture the atmosphere these days at the White House, where the show never stops, geopolitical events are triggered in far off places and the impeachment saga keeps deepening. So this particular Tuesday evening, as the sun goes down, cameramen […]
WORLD ECONOMIC OUTLOOK: GLOBAL GROWTH CUT TO +3.0%; US GROWTH +2.4%
–Canada Growth Forecast Stable at +1.5%/’19; UK +1.2% –China Growth Cut a Tenth to 6.1% WASHINGTON (MaceNews) – Despite central bank accommodation in Europe and the United States, the International Monetary Fund’s latest World Economic Outlook released Tuesday cut projected global growth by another two tenths to 3.0% for this year. The Euro area’s growth […]
UPDATE: CANADIAN ECONOMY ADDS NEARLY 54,000 JOBS IN SEPTEMBER
WHITE HOUSE WATCH: JARRING CONTRAST-CHINA TALKS AND A PRESIDENT WHO GRIEVES FOR THE FALLEN
By Denny Gulino THE WHITE HOUSE (MaceNews) – Somebody knows something, right? Because why would stocks go up on optimism about the China talks that start Thursday, a day after they went down on pessimism about the talks? Maybe the eight drivers sitting on a bench waiting for the next trip overheard something as they […]
WHITE HOUSE WATCH: BAD VIBES SURROUND RUNUP TO CHINA TRADE TALKS
By Denny Gulino THE WHITE HOUSE (MaceNews) – The BLS Limo Group black vans are back at the Willard Hotel, this time carrying bureaucrats from China and as they mill about at 14th & F streets, a block from the Treasury and two blocks from the White House, they seem relaxed. They are a low-security […]
UPDATED WHITE HOUSE WATCH: ANOTHER DAY, ANOTHER SURPRISE POLICY SHIFT
By Denny Gulino THE WHITE HOUSE (MaceNews) – It was a sort of typical Monday in the Executive Mansion, a few tweets, a surprise pullout of U.S. troops from Syria, an impromptu news conference after the signing of a $55 billion trade deal and an accompanying “digital” commerce agreement with Japan and on many levels, […]
WHITE HOUSE WATCH: OCTOBER BECOMES MORE CROWDED WITH TARIFFS
By Denny Gulino THE WHITE HOUSE (MaceNews) – One of the many targets of the president other than the “stone-cold crooked” Bidens – who he Thursday called on China to investigate, apparently in case Ukraine isn’t up to the job – is doing the White House a favor. First, though, as he left for a […]
CANADA GDP FLAT IN JULY, WITH GOODS-PRODUCING SECTOR WEAKENING
By Gordon Isfeld OTTAWA (MaceNews) – The Canadian economy stalled in July after a four-month growth spurt, as major sectors such as manufacturing, construction, and oil and gas showed signs of weakening. “Following four months of growth, real gross domestic product was essentially unchanged in July as a decline in goods-producing industries was offset by […]