Category: Government

DATA PREVIEW: IS INFLATION NOW A TREE FALLING IN THE FOREST?

By Kevin Kastner WASHINGTON (MaceNews) – The highlight of next week, not counting a Monday holiday of course, will be the August readings of business and consumer inflation at the end of the week–indicators that were closely-watched before the COVID crisis. But now, thanks to much more pressing issues this year, inflation was put on […]

DATA FLASH: US AUGUST PAYROLLS UP 1.371 MLN; UNEMP RATE 8.4%

-Retail, Government Sectors Lead Gain; Hourly Earnings Up 0.4% By Kevin Kastner WASHINGTON (MaceNews) – The August employment report showed continued payrolls improvement, though the size of those gains continues to slow and likely reflects the return of laid-off workers rather than new job creation. Likewise, the unemployment rate fell sharply in the month to […]

STATUS CHECK: A MARKETS PULLBACK AND A PRESIDENTIAL PUSHBACK

WASHINGTON (MaceNews) –-The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes: So severe was the day’s stocks pullback that the Nasdaq – pulled down 4.96% – was the lowest it’s been since … Tuesday a week ago. After so many record highs, how serious was […]

FRIDAY WHITE HOUSE SCHEDULE

WASHINGTON (MaceNews) – The following is Friday’s publlic White House schedule: DAILY GUIDANCE AND PRESS SCHEDULE FORFRIDAY, SEPTEMBER 4, 2020  EDT  9:00AM                       In-House Pool Call Time  11:00AM                     THE PRESIDENT greets the President of the Republic of Serbia and the Prime Minister of the Republic of […]

DATA FLASH: US INITIAL CLAIMS FALL ON TECHINICAL FACTORS

–-Initial Claims -130,000 to 881,000, No Mention of Hurricane Laura–July Trade Gap Widens to 12-yr High $63.6 Billion; Sharp Gain in Imports–Nonfarm Productivity Revised Up on Smaller Output Plunge By Kevin Kastner WASHINGTON (MaceNews) –Initial claims fell by 130,000 in the August 29 week to a level of 881,000, well below the 958,000 level expected and […]

THURSDAY WHITE HOUSE SCHEDULE

WASHINGTON (MaceNews) – The following is Thursday’s public White House schedule: DAILY GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, SEPTEMBER 3, 2020 EDT  11:00AM                      In-House Pool Call Time 4:00PM                        Out-of-Town Pool Call Time  11:30AM                      THE PRESIDENT receives his intelligence briefing Oval Office Closed Press  12:30PM                      THE PRESIDENT has lunch with the Secretary of State Private Dining Room Closed Press  5:25PM                      THE […]

STATUS CHECK: TRUMP WANTS TO DISOWN NYC, PORTLAND, D.C.

WASHINGTON (MaceNews) –-The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes: The day was full of campaign moves, some disguised as something else. For instance, President Trump’s memo to government agencies late in the day directed preparations be made to disown certain cities that he […]

US CBO TEXT: DEFICIT HEADING TO ALL-TIME RECORD; 10-YR OUTLOOK SURPRISES

WASHINGTON (MaceNews) – The non-partisan Congressional Budget Office Wednesday updated its outlook for annual budget deficits, and while the impending record widening is no surprise, the tapering toward the end of the next decade was unexpected. The following is the CBO text of its summary of the budget update, with boldfaced emphasis added: • Deficits […]

FED’S BEIGE BK SEES MIXED ECONOMY, ‘STALLED’ IN NY, STRONG IN CHI

WASHINGTON (MaceNews) – The latest Federal Reserve Beige Book survey of economic activity in all 12 regional districts Wednesday found a mixed picture, with a wide range of outcomes from “stalled” in the New York district to “strongly” improved in Chicago. Generally the survey prepared by the Minneapolis bank for the next Federal Open Market […]