WHITE HOUSE WATCH: OCTOBER BECOMES MORE CROWDED WITH TARIFFS
By Denny Gulino THE WHITE HOUSE (MaceNews) – One of the many targets of the president other than the “stone-cold crooked” Bidens – who he Thursday called on China to investigate, apparently in case Ukraine isn’t up to the job – is doing the White House a favor. First, though, as he left for a […]
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 […]
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 […]
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%), […]
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 […]
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 […]
WHITE HOUSE WATCH: TARIFFS ARE A GO FOR SUNDAY AND ‘I GUESS’ CHINA MEET STILL ON
By Denny Gulino THE WHITE HOUSE (MaceNews) -For some reporters standing on the South Lawn driveway Friday evening there was only one question to ask: Are the latest escalated tariffs still on for Sunday. And yes, they are. President Trump talked about hurricane preparations – his Mar a Lago is “dead center – his close […]
WHITE HOUSE WATCH: STOCKS SOAR AS TRADERS SEE HOPE IN CHINA COMMENTS
By Denny Gulino THE WHITE HOUSE (MaceNews) – The statement from China’s Ministry of Commerce could have been more definitive yet it certainly wasn’t the negative declaration some had anticipated, so it was off to the “risk on” races Thursday. The Dow industrials and the S&P 500 held gains of around 1.4% through mid afternoon, […]