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 […]
POWELL: U.S. ECONOMY TO EXTEND MODERATE GROWTH; RECESSION UNLIKELY
By Laurie Laird ZURICH (MaceNews) – The U.S. economy will continue growing at a moderate pace, buoyed by a robust service sector and strong household spending, according to Fed Chairman Jerome Powell. “The consumer’s in good shape, and the main expectation is not at all that there will be a recession,” Powell told a gathering […]
US TREASURY’S MNUCHIN: FURTHER FINANCIALLY ISOLATING CUBA
–Remittances to Cuban Relatives Limited to $1,000 a Quarter WASHINGTON (MaceNews) – The following is the U.S. Treasury’s announcement Friday of additional financial sanctions being applied to Cuba: Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) amended the Cuban Assets Control Regulations (CACR) to further implement President Trump’s June 2017 National […]
BANK OF CANADA WARNS TRADE WORRIES HITTING ECONOMY
By Gordon Isfeld OTTAWA (MaceNews) – Global economic tension amid ongoing trade disputes, in particular the growing conflict between the United States and China, has led to weaker business investment overall, the Bank of Canada warned Wednesday. “Canada’s economy is operating close to potential and inflation is on target,” the country`s central bank said in its […]
BOSTON FED CHIEF: ‘NOT OVERLY WORRIED’ ABOUT US ECONOMY
By Scott Van Voorhis EASTON, Mass. (MaceNews) – Shrugging off stock market turbulence and a deepening trade war, Boston Federal Reserve Bank President Eric Rosengren is taking a bullish view of the health of the national economy. While Fed officials are keeping a close eye on potential recession indicators, Rosengren said he is fairly comfortable […]