DATA FLASH: US JULY PERSONAL INCOME TICKS UP, PCE GROWTH SLOWS
-US July Personal Income +0.4% After -1.0% in June, Savings Rate 17.8%-Nominal PCE +1.9%, Real PCE +1.6%; Core Prices Rise 0.3%-Real PCE Tracking 36.6% SAAR Above Second Quarter Average-Chicago PMI Trims to 51.2 in August from 51.9 in July-August Michigan Sentiment Revised Up to 74.1, Ahead of 72.5 in July By Kevin Kastner WASHINGTON (MaceNews) […]
FRIDAY WHITE HOUSE SCHEDULE
WASHINGTON (MaceNews) – The following is Friday’s public White House schedule: DAILY GUIDANCE AND PRESS SCHEDULE FORFRIDAY, AUGUST 28, 2020 EDT 11:00AM In-House Pool Call Time 2:00PM Out-of-Town Pool Call Time 2:30PM THE PRESIDENT receives a briefing on Hurricane Laura Oval Office Closed Press 3:50PM THE PRESIDENT departs the White House en route […]
STATUS CHECK: DODGING THE HURRICANE BULLET; ACCEPTING NOMINATION
WASHINGTON (MaceNews) – The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes: In the words of Texas Gov. Greg Abbott the Gulf Coast region as well as the northern path inland of Hurricane Laura “dodged a bullet” Thursday with the storm a shade less powerful […]
ANALYSIS: FED CAN NOW HAVE FULL-THROATED RECOVERY FOCUS ON JOBS
By Denny Gulino WASHINGTON (MaceNews) – The pandemic’s destruction of U.S. employment was not the trigger for the new Federal Reserve policy framework, in the works long before the virus hit. However the jobs crisis is a perfectly appropriate context for the focus on employment. That focus had already become the hallmark of the Jay […]
POWELL: FED WILL BE FLEXIBLE WITH AVERAGE INFLATION TARGETING, ACT AS NEEDED
By Steven K. Beckner (MaceNews) – Federal Reserve Chair Jerome Powell said Thursday the Fed will be “flexible” in pursuing a new “average inflation targeting” regime and not use any set “mathematical formula.” Powell, elaborating on what he called a “robust” new monetary policy strategy framework adopted earlier by the Fed’s policy-making Federal Open Market […]
TEXT: FED’S GUIDE TO LONGER-RUN GOALS, MONPOL STRATEGY
WASHINGTON (MaceNews) – The following is the text of the Federal Reserve’s guide to the changes in its longer-run goals and monetary policy strategy that was released along with Fed Chair Jay Powell’s remarks Thursday morning: In the revised Statement on Longer-Run Goals and Monetary Policy Strategy shown below, bold red text shows additions and […]
DATA FLASH: US 2ND QTR GDP REVISED UP TO -31.7%
—Second Quarter PCE Revised Up to -34.1% From -34.6% Previously–Initial Jobless Claims Fell By 98,000 to 1.006 Million in August 22 Week By Kevin Kastner WASHINGTON (MaceNews) – Second quarter GDP was revised up due to upward adjustments to all its components. Even with the small improvement, though, the second quarter reading remains the largest […]
THURSDAY WHITE HOUSE SCHEDULE
WASHINGTON (MaceNews) – The following is Thursday’s public White House schedule: DAILY GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, AUGUST 27, 2020 EDT 11:00AM In-House Pool Call Time 11:50AM THE PRESIDENT departs the White House en route to Trump International Hotel Washington, D.C. West Executive Avenue In-Town Travel […]
WEDNESDAY WHITE HOUSE SCHEDULE
WASHINGTON (MaceNews) – The following is Wednesday’s public White House schedule: DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, AUGUST 26, 2020 EDT 10:00AM In-House Pool Call Time 12:15PM THE PRESIDENT receives his intelligence briefing Oval Office Closed Press 3:00PM THE PRESIDENT meets with Medical Professionals on COVID-19 Oval Office Closed Press — Content may appear […]
DATA FLASH: US AUGUST CONFIDENCE FALLS FURTHER AS CONCERNS GROW
–Confidence in Both Current Conditions, Expectations Drop Sharply–July New Home Sales Jump by 13.9% To 901,000 SAAR, up 36.3% Yr/Yr –Manufacturing Regional Data Mixed, But Further Services Improvement By Kevin Kastner WASHINGTON (MaceNews) -The Conference Board’s U.S. consumer confidence index fell to a reading of 84.8 in August from a downward revised 91.7 reading in […]