ANALYSIS: NOT ALL ‘UNCERTAINTIES’ FREEZING MONPOL, SLOWING INVESTMENT, STRICTLY GEOPOLITICAL
By Denny Gulino WASHINGTON (MaceNews) – The S&P 500 is at record levels, all the tariffs so far have hardly bitten the U.S. economy, retail sales in a consumer dominated framework are strong and the U.S. unemployment rate is only 3.6%. And yet the markets are 100% certain of a rate cut next month. Interest […]
CANADA’S PACE OF INFLATION INCREASES IN MAY
By Gordon Isfeld OTTAWA (MaceNews) – Prices for Canadian goods surged in May, with the overall cost of consumer items jumping by 2.4% annualized- up from 2.0% in April – and marking the biggest year-over-year increase since October of last year, Statistics Canada said Wednesday. The gains in consumer costs were led by food items, which […]
TEXT OF G20 COMMUNIQUE OF FINMINS, CENBANK GOVS
(MaceNews) – The following is the text of the communique issued Sunday after the meeting in Fukuoka, Japan, of finance ministers and central bank governors. The meeting was held in preparation for the summit of G20 heads of state that will be held in Osaka June 28-29. The final text, provided by the Japan Ministry […]
US-MEXICO PACT CHANGES DYNAMICS ON TRADE, POLITICS, OUTLOOK
By Denny Gulino WASHINGTON (MaceNews) – It remains to be seen if the U.S.-Mexico agreement eventually cuts Central American migration to the north back anywhere near to the low numbers the Trump Administration inherited yet the aftershocks are likely to nevertheless be consequential. –President Donald Trump is likely to have gained increased confidence in his […]
TEXT OF US-MEXICO DECLARATION ON MEXICO PACT
WASHINGTON (MaceNews) – The following is the joint Mexico-U.S State Department declaration on the agreement announced late Friday between the United States and Mexico that suspends the threat of the first phase of U.S. tariffs being imposed Monday: The United States and Mexico met this week to address the shared challenges of irregular migration, […]
ECB EYES NEW STIMULUS TO BOOST WEAKENING EURO ZONE ECONOMY
By Laurie Laird VILNIUS (MaceNews) -The European Central Bank has acknowledged the weakening euro zone economy, extending its forward guidance and reiterating the governing council’s pledge to deploy a range of unconventional measures should conditions falter further. The ECB kept its deposit facility rate at -0.4% at its latest governing council meeting, and vowed to […]
FED’S POWELL MAKES THE ‘FED PUT’ EXPLICIT RE TRADE TURBULENCE
–‘We Will Act as Appropriate’ to Sustain Expansion By Denny Gulino CHICAGO (MaceNews) – In a major announcement Tuesday, Federal Reserve Chairman Jerome Powell made the “Fed put” explicit, saying, “We will act as appropriate to sustain the expansion” in case of trade negotiation turbulence. He is making the remarks at a Chicago Fed conference […]
STILL FACING CANADA FINANCIAL ‘VULNERABILITIES’
By Gordon Isfeld OTTAWA (MaceNews) – Canada’s financial system continues to face “vulnerabilities” related to household debt and “imbalances” in the country’s residential markets, even as regulators continue to tighten guidelines in mortgage lending. “New measures have curbed borrowing, reduced speculative behaviour in housing markets and made the financial system more resilient,” the Bank of Canada […]
HOPING FOR THE BEST WHILE BRACING FOR TRADE CATASTROPHE
–Hours of Suspense Ahead By Denny Gulino WASHINGTON (MaceNews) – Lower level Chinese officials are in Washington Wednesday preparing for Thursday’s arrival of long-time sidekick to Xi Jinping, Vice Premier Liu He – whose job No. 1 has to be to forestall higher and wider U.S. tariffs. Liu, the Harvard graduate who was schoolmate in […]
TRUMP PUSHES GEOPOLITICAL BUTTONS, SHATTERS MARKETS SERENITY
WASHINGTON (MaceNews) – World capitals and trading centers Monday are trying to figure out how competent U.S. President Donald Trump is to manage trade relations with China now that he has tweeted away market serenity. For those willing to give Trump the benefit of the doubt the leanings are as follow: Trump, the savvy negotiator, […]