STATUS CHECK: THE IN-BETWEEN WORLD OF SLOWDOWN-REBOUND
WASHINGTON (MaceNews) – The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes: · Another day in that indeterminate area between slowdown and rebound, between the alternate universes with President Trump in his evening briefing in his world, the one in which the virus is being controlled, […]
FED’S MESTER: HIGH-FREQUENCY DATA SUGGEST ECONOMY SLOWED WITH UPTICK IN VIRUS CASES
NEW YORK (MaceNews) – High-frequency economic data suggest the economy slowed again in June in response to an uptick in the number of virus cases, Cleveland Fed President Loretta Mester said Wednesday. “In late June, virus cases in many parts of the country began rising again and, in response, some states have hit the pause […]
TBAC CHANGES TACK TO RECOMMEND BIGGER INCREASES IN LONGER MATURITIES – EXCERPT
WASHINGTON (MaceNews) – The private-sector Treasury Borrowing Advisory Committee’s recommendations to the U.S. Treasury, in preparation for Wednesday’s quarterly refinancing announcement, now favor bigger issuance increases in longer maturities. The following is an excerpt from the TBAC report: The Committee discussed the elevated cash balance that Treasury has held in recent months and projects to […]
STATUS CHECK: MUDDLED, MURKY – STILL WEEKEND VIRUS RELIEF SUCCESS EXPECTED
WASHINGTON (MaceNews) – The following is Tuesday’s status check of developments in the U.S. that can influence economic, health and political outcomes: · The general public, the markets, social service providers, food pantries and shelter providers were left reading between the lines Tuesday as they tried to decode the scant signals being sprinkled like bread crumbs […]
WEDNESDAY WHITE HOUSE SCHEDULE
WASHINGTON (MaceNews) – The following is Wednesday’s public White House schedule: DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, AUGUST 5, 2020 EDT 10:00AM In-House Pool Call Time 3:00PM THE PRESIDENT meets with the Governor of Arizona Oval Office Restricted In-House Pool Content may appear first or exclusively on the Mace News premium service. For real-time email delivery […]
TUESDAY WHITE HOUSE SCHEDULE
WASHINGTON (MaceNews) – Tuesday’s White House schedule of public events: DAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, AUGUST 4, 2020 I EDT 9:00AM In-House Pool Call Time 10:30AM THE PRESIDENT participates in a signing ceremony for H.R. 1957 – The Great American Outdoors Act East Room In-House Pool 12:45PM THE PRESIDENT has lunch with the Secretary of […]
STATUS CHECK: TREASURY TO BORROW $1 TRILLION MORE, OR MAYBE $2 TRILLION
WASHINGTON (MaceNews) – The following is Monday’s status check of developments in the U.S. that can influence economic, health and political outcomes: · Phase 4 or otherwise known as the next corona virus relief legislation is slowly – very slowly – coming together on Capitol Hill, with two and a half hours of talks Monday […]
CHI FED’S EVANS: FED CAN’T MAKE WORKPLACES SAFE
–Economic Activity Seems to be Leveling Off By Suzanne Cosgrove CHICAGO (Mace News) — Chicago Federal Reserve President Charles Evans, hosting a virtual roundtable for news media Monday, said that while the second-quarter gross domestic product was the worst on record, declining at an annualized rate of 32.9 percent, with about 18 million unemployed workers, […]
FED’S BULLARD: US RECOVERY SLOWED IN JULY; WILL BE ‘UPS AND DOWNS’ AS ECONOMY ADJUSTS
NEW YORK (MaceNews) – The U.S. economy slowed in July after surprising to the upside in May and June as it bounced back from its low in April,St. Louis Fed President James Bullard said Monday. Bullard, in webinar remarks at an event hosted by the St. Louis Fed’s Memphis branch, repeated that he expects the […]
DATA FLASH: US MANUFACTURING CLIMBED FURTHER IN JULY
–June Construction Spending Falls on Home Building By Kevin Kastner WASHINGTON (MaceNews) – The July ISM index showed U.S. manufacturing sector activity progressed further, as suggested by the Markit estimate and most of the regional data. Survey respondents in the ISM report noted that while some issues remain, there was considerable improvement in July after […]