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 […]
JAPAN GOVERNMENT SEES CONSUMPTION PICKUP; OVERALL ECONOMIC VIEW STAYS CAUTIOUS
By Max Sato (MaceNews) – Japan’s government on Friday upgraded its assessment of private consumption for the first time in three months after downgrading it only last month, while maintaining its cautious view of overall domestic economic health amid a global spike in coronavirus cases. The government Cabinet Office report described the current state of […]
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 […]
DATA FLASH: U.S. SEPTEMBER EXISTING HOME SALES, PRICES SURGE
–Existing Home Sales +9.4% to a 6.54 Million Rate, High Since May 2006 By Kevin Kastner WASHINGTON (MaceNews) – U.S. existing home sales advanced further in September, hitting the highest point since May 2006. National Association of Realtors Chief Economist Lawrence Yun said Thursdsay that it was “another spectacular month” for sales and prices but […]
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 […]
FED’S BEIGE BK: AS-EXPECTED ‘SLIGHT TO MODEST’ EXPANSION
WASHINGTON (MaceNews) – The Federal Reserve’s latest Beige Book survey of economic activity through the 12 regional bank districts Wednesday found little evidence of any V-shaped recovery, instead seeing “slight to modest” improvements in most regions. Assembled by the St. Louis Fed, the survey prepared for the next Federal Open Market Committee meeting Nov. 4-5 […]
FED’S CLARIDA: ‘LIFTOFF’ TO RATE CHANGES GOVERNED BY ECONOMY
–Election Day Pressure Builds on Senate to Get Pandemic Relief Passed –Tsy’s Mnuchin in Abu Dhabi But Has Call Skedded with Speaker Pelosi WASHINGTON (MaceNews) – Federal Reserve Vice Chair Richard Clarida Monday emphasized that the central bank will be watching the economy through a wide variety of indicators and won’t be considering any change […]
STATUS CHECK – GUESS WHICH CAMPAIGN FRIDAY CHANTED ‘CNN SUCKS’
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’s campaign Friday night marched on, in Macon, Georgia. Pool reporter Rob Crilly who works for the Washington Examiner, described the scene: “It was dark by the time POTUS took the stage […]
DATA FLASH: US INITIAL CLAIMS SURGE; MANUFACTURING DATA MIXED
–Initial Claims +53,000 to 898,000; 4-Wk Average Keeps Downward Trend–Empire State Index Falls to 10.5 in October from 17.0 in September–Philadelphia Fed Index Rises to 32.3 in October from 15.0 in September By Kevin Kastner WASHINGTON (MaceNews) – Initial claims rose by 53,000 to a level of 898,000 in the October 10 week, well above expectations […]
STATUS CHECK – WHAT’S THE OPPOSITE OF A PRESIDENTIAL DEBATE?
WASHINGTON (MaceNews) – The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · Twenty days until Election Day, a countdown to – what? Is it time to wonder what kind of lame-duck president Donald Trump would be? Of course he might win. But if not, […]