Category: Inflation

VICE CHAIR CLARIDA KEEPS FED POINTED TOWARD LONG-TERM MONETARY EASE

By Steven K. Beckner (MaceNews) – Top Federal Reserve policy-makers continue to strongly signal their long-range intention to maintain an ultra-easy monetary policy, even as they acknowledge that the economy is recovering faster than they expected from the Covid shutdown induced recession. The Fed’s commitment to a highly accommodative policy is not completely open-ended, but  […]

DATA FLASH: US SEPTEMBER PPI JUMPS 0.4% ON SURGE IN FOOD

–Prices Ex-Food/Energy +0.4%; Prices Up 0.4% Ex-Trade Services as Well–Food Prices +1.2%, Halting Downward Trend; Energy Prices -0.3%–Prices for Travel Accommodation Services Jump 3.9% By Kevin Kastner WASHINGTON (MaceNews) – U.S. business prices rose by 0.4% in September, ahead of expectations for a 0.2% increase and reflecting a sharp rebound in food prices and a […]

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 […]

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 […]

ECB’S LAGARDE: ASSET PURCHASES MORE EFFECTIVE THAN RATE CUTS FOR NOW

By Laurie Laird LONDON (MaceNews) — The European Central Bank will continue to rely on asset purchases as its main policy tool, but is not averse to further rate cuts down the line, according to ECB President Christine Lagarde. Rate cuts “work better in certain circumstances … not necessarily in a crisis situation as we […]

TEXT: FOMC STATEMENT – TO KEEP ACCOMMODATION TILL HIT INFL TARGET

WASHINGTON (MaceNews): The following is the text of the Federal Open Market Committee’s policy statement released Wednesday: The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. The COVID-19 pandemic is causing tremendous human and […]

DATA FLASH: US AUGUST CPI RISE 0.4% ON SOLID CORE READING

–Core Prices Up 0.4%; Ex. Only Energy, CPI Still Up 0.3%.–Energy Prices Up 0.9%, Food Prices Up 0.1% By Kevin Kastner WASHINGTON (MaceNews) – The August consumer price data were stronger than expected, but still rose at a slower pace than in recent months. Headline CPI rose by 0.4% in August based on data released […]

DATA FLASH: US AUGUST PPI UP 0.3%; FOOD AND ENERGY DOWN

–Prices Ex. Food and Energy Rose 0.4%; Up 0.3% Excluding Trade Services as Well–Energy Prices Fall 0.1% After Two Gains; Gasoline Prices Down 1.4%–Food Prices Down 0.4%, Continuing Downward Trend–Initial Jobless Claims Unchanged at 884,000 in the August 5 Week By Kevin Kastner WASHINGTON (MaceNews) – U.S. business prices rose by 0.3% in August, as […]

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 […]