DATA PREVIEW: TAKE A DEEP BREATH, BECAUSE HERE COMES THE PAIN
By Kevin Kastner WASHINGTON (MaceNews) – Nothing in life is free. That also applies to the data schedule. After a week that was extremely short on major data, the upcoming week’s schedule is overflowing with it, with the mid-month price, production and sales data crammed into a holiday-shortened four-day week. Hurricane Delta is hitting the […]
FRIDAY WHITE HOUSE SCHEDULE
WASHINGTON (MaceNews) – The following is Friday’s public White House schedule: DAILY GUIDANCE AND PRESS SCHEDULE FORFRIDAY, OCTOBER 9, 2020 EDT 10:00AM In-House Pool Call Time THE PRESIDENT has no public events scheduled. ### — Content may appear […]
STATUS CHECK ANALYSIS – DARK SHADOWS OVER THE CAPITAL
WASHINGTON (MaceNews) – The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · It could be a scene out of a Gothic political novel, a new genre. A president on high-dose steroids railing in an evacuated White House for his attorney general to prosecute Hillary […]
FED’S ROSENGREN WARNS ON FINANCIAL STABILITY RISK WITH RATES LOWER FOR LONGER
NEW YORK (MaceNews) – The U.S. needs more steps to limit financial stability risk in a continuing low interest rate environment, Boston Fed President Eric Rosengren said Thursday. Rosengren, in remarks for delivery to Marquette University, warned that excessive leverage has magnified the current downturn and poses a threat of additional job losses. “The increased […]
DATA FLASH: US INITIAL CLAIMS SLIP FURTHER, BUT NOT VERY QUICKLY
-Initial Claims -9,000 to 840,000; 4-Wk Average Has 10th Straight Decline By Kevin Kastner WASHINGTON (MaceNews) – Initial claims fell by 9,000 in the October 3 week to a level of 840,000, above expectations for a level of 819,000, the Labor Department reported Thursday. While any decline is welcomed, the tight range in which initial claims […]
ECB’S SCHNABEL RAISES THE ALARM ON EU BANKING SECTOR
—But BOE’s Bailey Hails Health of UK banks at Banking Stability Conference By Laurie Laird LONDON (MaceNews) – A top European Central Bank official lamented the health of the European banking sector, calling for greater integration and risk sharing across the eurozone. The return on equity for eurozone banks fell to 0.01% at the end […]
STATUS CHECK – NOT QUITE A STEEL CAGE MATCH
WASHINGTON (MaceNews) – The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. The Pence-Harris vice presidential debate seemed to be as much devoted to dodging questions as answering them. Vice President Mike Pence seemed to think ignoring the moderator was the better approach while Sen. […]
THURSDAY WHITE HOUSE SCHEDULE
WASHINGTON (MaceNews) – The following is Thursday’s public White House schedule: DAILY GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, OCTOBER 8, 2020 EDT 10:00AM In-House Pool Call Time THE PRESIDENT has no public events scheduled. ### — Content may appear […]
FED’S EVANS Q&A: ONUS STAYS ON FISCAL POLICY TO SUPPORT RECOVERY
NEW YORK (MaceNews) – Chicago Fed President Charles Evans suggested Wednesday he is in no rush to reassess the Federal Reserve’s monetary policy and the burden remains on fiscal policy to support the recovery. Asked by reporters whether likely delay in federal fiscal support would prompt the Fed to consider new measures to bolster the […]
FED’S EVANS: FED SHOULD RESIST INCLINATION TO ‘BACK OFF THE OVERSHOOT’ TOO SOON
NEW YORK (MaceNews) – Monetary policymakers must be wary of tightening policy too much and too soon if they are to execute the Federal Reserve’s new average inflation targeting strategy, Chicago Fed President Charles Evans said Wednesday. Evans, in remarks for delivery to the Metals Service Center Institute, repeated that the Fed is now obliged […]