FED’S EVANS SEES CURRENT RATES AT APPROPRIATE LEVELS, BUT LEAVES EASING DOOR OPEN
By Laurie Laird FRANKFURT (MaceNews) – U.S. interest rates currently reflect the “fundamental” resilience of the economy, according to an influential Federal Reserve policy maker, in line with the latest outlook provided by the central bank, suggesting a holding pattern for monetary policy. “The setting of the funds rate at the moment is appropriate for […]
AT THE UN, TRUMP APPEARS TO DARE CHINA TO SUSPEND TALKS
NEW YORK (MaceNews) – Speaking to a worldwide audience, President Donald Trump Tuesday resurrected every accusation he’s ever voiced against China, appearing to almost dare that country to suspend negotiations set to include the vice premier in the days ahead. In the flat monotone that has come be known as “Teleprompter Trump,” the president spent […]
UK HIGH COURT RULES SUSPENSION OF PARLIAMENT UNLAWFUL
By Laurie Laird LONDON (Mace News) – The U.K.’s highest court has ruled that Prime Minister Boris Johnson’s suspension of parliament is “void and of no effect,” after determining that the government’s order to do so was “unlawful.” “This court has concluded that the [order to suspend the legislature] should be quashed … Parliament has […]
WHITE HOUSE WATCH ANALYSIS: ‘PLENTY OF TIME’ RE IRAN; WHAT ABOUT CHINA?
By Denny Gulino THE WHITE HOUSE (MaceNews) – A snapshot in time: It’s Friday afternoon and once again, market equanimity evaporates as happens so often these days. Not a tweet this time, but a bank shot from the Montana Farm Bureau Federation. A side trip by the China delegation of lower level officials has been […]
WHITE HOUSE WATCH: FLYING BLIND ON RATES AND MUCH ELSE
By Denny Gulino THE WHITE HOUSE (MaceNews)– President Trump Thursday said despite his personal attacks, from “boneheads” to Wednesday’s “terrible communicator,” he is not going to try to remove Jerome Powell from the helm of the Federal Reserve. By mid afternoon Trump had tweeted no additional attacks on Powell or other Fed leadership and had […]
TREASURY WATCH: WAR FEARS FADE, SAUDIS SPEED OIL COMBEBACK; FED’S 2ND REPO BOOST
By Denny Gulino THE TREASURY DEPARTMENT (MaceNews) – As probabilities of a rate cut Wednesday kept falling and the Saudis get more optimistic about maintaining oil shipments, the Tuesday news was highlighted by the Federal Reserve’s resurrection of its money market support, now set to be implemented for a second day. The Fed’s daily report […]
ECB SETS NEW STIMULUS PACKAGE BUT QE SHORT OF MARKET EXPECTATION
By Laurie Laird FRANKFURT (MaceNews) – The European Central Bank unleashed a fresh wave of stimulus following Thursday’s rate-setting meeting, although the Bank’s renewed quantitative easing package fell short of expectations, with some council members dissenting from a decision to resume quantitative easing. The interest rate on the ECB’s deposit facility will fall by 10 […]
UPDATE: WHITE HOUSE WATCH: TRUMP ANNOUNCES GOODWILL GESTURE TO CHINA
By Denny Gulino THE WHITE HOUSE (MaceNews) – President Trump waited until Wednesday evening to unveil an unexpected goodwill gesture to China, a reverse retaliation for a similar signal from Beijing. “We have agreed, as a gesture of good will, to move the increased Tariffs on 250 Billion Dollars worth of goods (25% to 30%), […]
BOE’S CARNEY: CENTRAL BANKS HAVE TOOLS TO RESPOND TO SLOWDOWN, IF NEEDED
By Tony Mace NEW YORK (MaceNews) – Major central banks, including the Bank of England, have the tools and room to respond to a slowdown, if needed, BOE Governor Mark Carney said Tuesday. “The possibility of a slowdown has certainly gone up,” Carney said during an appearance at the Council on Foreign Relations. Asked whether […]
WHITE HOUSE WATCH: FOCUSING ON AFGHANISTAN, THE BAHAMAS, MEXICO
By Denny Gulino THE WHITE HOUSE (MaceNews) – There was one question President Trump refused to answer Monday and many he did answer, though as usual some of those answers were disputed. The question that was put to him, and to which he listened, and then ignored to jump to another question was whether new […]