BANK OF ENGLAND CHIEF ECONOMIST SEES NO CURRENT NEED FOR NEGATIVE RATES
–Haldane Heralds Rapid UK Rebound, Despite Soft Consumer Confidence By Laurie Laird LONDON (MaceNews) – A top Bank of England official Wednesday vigorously downplayed the need for sub-zero interest rates in the UK, citing an economic recovery that has far outpaced the Bank’s expectations. “At present, none of the conditions [that would necessitate negative rates] […]
FED’S WILLIAMS: IF NO MORE FEDERAL FISCAL AID, WOULD MEAN ‘SOMEWHAT WEAKER OUTLOOK’
NEW YORK (MaceNews) – The U.S. economic recovery is likely to continue even if new federal fiscal support is not forthcoming, New York Fed President John Williams said Tuesday. “If we do see more fiscal support for the economy, that will give a boost,” he told reporters. “If we don’t, that’s going to be a […]
DATA FLASH: US SEPTEMBER CONFIDENCE SURGES; OUTLOOK IMPROVED
–-Confidence in Both Current Conditions, Expectations Jump By Kevin Kastner WASHINGTON (MaceNews) – The Conference Board’s U.S. consumer confidence index Tuesday surged to a reading of 101.8 in September, the strongest reading since March, from an upward revised 86.3 reading in August. The Conference Board noted both the current conditions reading and future expectations rose […]
TRUMP NOMINATES AMY CONEY BARRETT TO THE SUPREME COURT
–She Says Court Belongs to Everyone and She’ll Serve ‘Poor and Rich’ –Aims to Follow Example of Conservative Antonin Scalia By Denny Gulino WASHINGTON (MaceNews) – Hoping to transform the Supreme Court into a reliably conservative institution for the foreseeable future, President Trump Saturday confirmed his choice of Ruth Bader Ginsburg’s successor to be 48-year-old […]
STATUS CHECK: GOODBYE RBG; NOW YEARS, MAYBE DECADES OF SOMETHING ELSE
WASHINGTON (MaceNews) – The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes. It was 12:53 in the afternoon, eastern time, when the hearse carrying Ruth Bader Ginsburg began to leave the Capitol grounds, the casket having been precisely positioned inside by the stiff military honor […]
STATUS CHECK: SOLEMNITY AND THE USUAL DISCORDANT NOTES
WASHINGTON (MaceNews) – The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes. The quiet day-long procession of Americans paying respect to Ruth Bader Ginsburg was the day’s solemn background music, an impressive tribute to a remarkable woman. And then President Trump came by, wearing a […]
BANK OF ENGLAND’S CHIEF ECONOMIST PREDICTS PERMANENT SCARRING TO THE LABOUR MARKET
By Laurie Laird LONDON (MaceNews) – The UK labour market could suffer permanent scarring as a result of the coronavirus, according to a top central banker. “There’s a good chance that coronavirus will” accelerate a shift toward knowledge-based digital industries that was already in train before the pandemic ravaged the economy, Bank of England Chief […]
DATA FLASH: US INITIAL CLAIMS IN TIGHT RANGE; NEW HOME SALES SURGE
–Initial Claims Rise By 4,000 to 870,000; 4-Week Average Declines Further–New Home Sales Up 4.8% to 1.011 Million SAAR in Aug, High Since 2006 By Kevin Kastner WASHINGTON (MaceNews) – Initial claims rose by 4,000 in the September 19 week to a level of 870,000, below the 880,000 level expected and within the same narrow range […]
GERMANY BUSINESS CONFIDENCE UP AGAIN IN SEPTEMBER
ZURICH (MaceNews) — Germany’s business climate improved further in September driven by a more optimistic outlook for both current conditions and expectations, amid signs the economy is stabilizing despite rising COVID-19 infection numbers. The Ifo institute measure of business confidence rose to 93.4 in September from a revised 92.5 (92.6) the previous month, broadly in-line […]
STATUS CHECK: WHOSE COGNITIVE ILLUSION IS BETTER?
WASHINGTON (MaceNews) – The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. So much for a Wednesday. Noise perhaps. Confusion. Ominous sometimes, repetitious often and sadly, no longer surprising. Hardly news but too important to be ignored. Beginning with President Trump, in his evening news […]