DATA PREVIEW: RETAIL SALES, HOUSING STARTS, FED MEETING
By Denny Gulino WASHINGTON (MaceNews) – The November retail sales report from the Census Bureau is the highlight among the upcoming week’s economic data with housing starts along for the ride, readings in two industries doing better than expected during the pandemic. Retail sales through October were up 5.7% from a year earlier according to […]
STATUS CHECK COMMENTARY – THE MOON, MARS AND ON EARTH, THE A.G.
WASHINGTON (MaceNews) – The following is Tuesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. First, it’s worth noting China’s little lander is running around on the Moon’s surface, scooping up stuff to ship back to Earth, an incredibly complicated mission. And that Elon Musk says his Space […]
POWELL AGAIN CALLS FOR MORE FISCAL STIMULUS
–Fed to Keep Fully Using Monetary Tools By Steven K. Beckner (MaceNews) – Federal Reserve Chairman Jerome Powell continued Tuesday to lend his support to additional fiscal stimulus, although he did not say how much is needed as Republican and Democratic legislators remained far apart on the appropriate size of further federal spending to boost […]
STATUS CHECK COMMENTARY- EMPTY CLASSROOMS AGAIN; MORE COMING WASHINGTON (MaceNews) – The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. The order to close New York City schools beginning Thursday was unwelcome in the extreme but Mayor Bill de Blasio said it was necessary. The […]
NY FED’S WILLIAMS DOWNPLAYS MARKET TALK OF INFLATION RESURGENCE
By Laurie Laird LONDON (MaceNews) – A key U.S. rate setter Friday poured cold water on recent market chatter of an uptick in inflation, predicting a slowdown of the economic recovery which is likely to keep a lid on price pressures. Growth “in the fourth quarter and maybe into next year will slow somewhat,” said John […]
CLEVELAND FED’S MESTER: ECONOMY TO NEED CONTINUED MONETARY, FISCAL SUPPORT
–Fed Needs To Think About How Low Rates Affect Financial Risks By Steven K. Beckner (MaceNews) – Although the U.S. economy has been recovering “faster than anticipated,” the Federal Reserve still needs the assistance of fiscal policy in returning to full employment and a more acceptable inflation pace, Cleveland Federal Reserve Bank President Loretta Mester […]
DATA PREVIEW: GDP WILL REBOUND FOR Q3, BUT NOT NEARLY ENOUGH
By Kevin Kastner WASHINGTON (MaceNews) – After the 31.4% plunge in second quarter GDP, there is no doubt that economic growth partially rebounded in the third quarter, data to be released Thursday will show. Consumption, home building and business activity all improved drastically from the lockdown-period of the previous quarter. But it will be a […]
STATUS CHECK – THE DEBATE AS SEEN THROUGH DIFFERENT FILTERS
WASHINGTON (MaceNews) – The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · The transfixing Presidential Debate was an actual event now fixed in history forever and yet it was seen as completely different things through the eyes and ears somehow transformed into filters by […]
STATUS CHECK – BRACED FOR A PRESIDENTIAL DEBATE – ABOUT FAMILY
WASHINGTON (MaceNews) – The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · The dearth of much actual news on the day before the final presidential debate was a challenge for news producers everywhere Wednesday. Barack Obama began campaigning on the ground for Joe Biden […]
STATUS CHECK – OF PRESIDENTIAL HEALTH CHECKS AND REGENERON RATIONING
WASHINGTON (MaceNews) – The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · President Trump went on Fox late Friday and for what was billed as on on-air health assessment – spoiler alert – he passed. The in-house doctor asked him some questions from the […]