TARIFFS STATE OF PLAY: Trump Tariffs Go Global – A Small Start Compared to What’s Coming
WASHINGTON (MaceNews) – The new worldwide 25% U.S. tariffs on steel and aluminum Wednesday – with no exemptions – piled atop the now 20% levied on China goods, 22 days away from the start of the nation’s far bigger experiment in confrontational trade policy, “reciprocal tariffs.” As expected, retaliatory tariffs also began to accumulate, first […]
TARIFFS STATE OF PLAY: Confusion as Tariffs and Tariff Threats Multiply
WASHINGTON (MaceNews) – As one round of tariffs took effect Tuesday and more were threatened, rampant uncertainty permeated plunging U.S. stock markets while interest rates continued to dramatically ease. Analysts found themselves giving contradictory assessments on the business channels as the probabilities for more Federal Reserve rate cuts this year were coupled with dire predictions […]
Preview: Bank of Canada Set to Slow Its Rate Cut Pace to 25 Basis Points Wednesday While Seeking Shelter from Imminent US Import Tariff Storm
By Max Sato (MaceNews) – The Bank of Canada is widely expected to trim its policy interest rate – the target for overnight lending rates – by a “more gradual” pace of 25 basis points to 3.0% on Wednesday in a pre-emptive move to help shield the economy from the threat of stiff tariffs on […]
Japan Still Sees Modest Economic Recovery but Warns It Now Needs to Watch Future US Policy amid Headwinds of Inflation, Middle East Tensions, Weak Yen
By Max Sato (MaceNews) – Japan’s government maintained its overall assessment that the economy’s “modest recovery” is set to continue thanks to wage hikes amid widespread labor shortages, but urged a close watch on the future U.S. government policy as well as lingering high costs for necessities, geopolitical risks and the weak yen. In its […]
Analysis: US Political System Struggles to Deal With Era of Limits
By Denny Gulino WASHINGTON (MaceNews) – As the Speaker of the U.S. House of Representatives enters 2023 as a greatly diminished figure, derided by late show comedians as “House Squeaker,” his humiliating path to leadership may be a bell which tolls for his peers in the U.S. political system as well. Although many market participants […]
‘HE DIDN’T GET AWAY WITH ANYTHING YET’ – SENATE GOP LDR MCCONNELL ON TRUMP
By Denny Gulino –Trump: MAGA Campaign ‘Has Only Just Begun’ WASHINGTON (MaceNews) – The U.S. Senate Saturday came up 10 Republican votes short of conviction, leaving Donald Trump to declare his MAGA campaign “has only just begun.” The 57 votes against Trump were the biggest and most bipartisan majority yet for conviction of the four […]
SATURDAY/SUNDAY WASHINGTON SCHEDULES FROM MaceNews
WASHNGTON (MaceNews) – The following are the public schedules for Saturday and Sunday for the White House, Treasury, the Capitol and for upcoming economic data, the preview of which is elsewhere on this MaceNews site: WEEKEND GUIDANCE AND PRESS SCHEDULE FORSATURDAY, FEBRUARY 13, 2021 AND SUNDAY, FEBRUARY 14, 2021 On Saturday and Sunday, the President […]
FRIDAY WASHINGTON SCHEDULES FROM MaceNews
WASHINGTON (MaceNews) – The following are Friday’s public schedules for the White House, Treasury, the Capitol and upcoming economic data: DAILY GUIDANCE AND PRESS SCHEDULE FORFRIDAY, FEBRUARY 12, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval Office. This meeting will be closed press. Then, the […]
STATUS CHECK COMMENTARY: THE SECRET PRESIDENT – WILL HE RISE AGAIN?
WASHINGTON (MaceNews) – The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes: • Gut wrenching video. VP Mike Pence, Sen. Mitt Romney, House Speaker Nancy Pelosi being rushed to safety. And in the visitor’s gallery by himself, out of range of the cameras, one Republican […]
THURSDAY’S WASHINGTON SCHEDULES FROM MaceNews
WASHIINGTON (MaceNews) – The following are Thursday’s public schedules for the White House, Treasury, the Capitol and upcoming economic data: DAILY GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, FEBRUARY 11, 2021 In the morning, the President and the Vice President will meet with Senators from both parties on the critical need to invest in modern and sustainable […]