FED’S ROSENGREN WARNS OF COVID RECURRENCE, HIT TO LENDERS AS BAD LOANS RISE
NEW YORK (MaceNews) – Boston Fed President Eric Rosengren Wednesday warned of a possible credit crunch as small- and medium-sized lenders see rising non-performing loans as a second wave of the Covid-19 pandemic strikes and more business go bankrupt. Rosengren, in remarks for delivery to the Boston Economic Club, warned of “more substantial headwinds” for […]
STATUS CHECK: DANCING AWAY FROM GRIM 200,000
WASHINGTON (MaceNews) – The following is Tuesday’s status check of developments in the U.S. that can influence economic, health and political outcomes Yes, everyone is focusing on the obscene 200,000 death toll, actually 201,800 by one count by now, just as “Status Check” did Monday night. And 33 states now seeing higher case rates again, […]
BANK OF ENGLAND’S BAILEY SETS THE STAGE FOR RATE CUT
By Laurie Laird LONDON (MaceNews) – The UK’s top central banker sketched out the details of the Bank of England’s deliberations on sub-zero interest rates on Tuesday, dropping his heaviest hint yet that rates could fall into negative territory over the medium term. “We’ve got to work with the banks” to ensure that negative rates don’t […]
STATUS CHECK: MANY STORIES, MUCH POLITICS, ONE BIG REALITY
WASHINGTON (MaceNews) – The following is Monday’s status check of developments in the U.S. that can influence economic, health and political outcomes Top of the Monday news, simply the 200,000 coronavirus deaths in the United States. OK, maybe 182 short of that according to John Hopkins University of Medicine. By Tuesday it will be there. […]
ECB’S LAGARDE: RECOVERY REMAINS UNCERTAIN; GOV COUNCIL MONITORING EURO STRENGTH
— ECB President Makes No Mention of Any Review of Asset Purchases By Laurie Laird LONDON (MaceNews) – The eurozone economy faces an uncertain future, despite evidence of a robust third quarter rebound, according to the eurozone’s top central banker. “While incoming data suggest that we will see a strong rebound during the third quarter, […]
STATUS CHECK: AN OUTSTANDING LIFE BECOMES HISTORY
WASHINGTON (MaceNews) – The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes The “notorious RBG” days before her death was reported to have told her granddaughter Clara Spera, “My most fervent with is that I will not be replaced until a new president is installed.” […]
DATA PREVIEW: HOUSING SECTOR FUELED BY LOW RATES
By Kevin Kastner WASHINGTON (MaceNews) – While the retail and manufacturing sectors continue to improve from their spring lows, neither have received the benefits of record low interest rates as much as the housing sector. In the upcoming light data week, August home sales data will take center stage. After double digit gains in July, […]
FED’S BULLARD: ECONOMY CAN BOUNCE BACK QUICKLY; JOBLESS RATE DROPPING
NEW YORK (MaceNews) – St. Louis Fed President James Bullard Friday offered a sunny view of the economic outlook, saying the economy continues to rebound as businesses adapt to the pandemic, and unemployment is headed down to 6.5% by December. Bullard said much of the rise in unemployment has been due to temporary layoffs, and […]
US ENERGY SECRETARY: MUST ADDRESS ENERGY INDUSTRY’S ‘INFRASTRUCTURE PROBLEM’
By Brai Odion-Esene, SW4 Insights for Mace News WASHINGTON (MaceNews) – Cost-effective and efficient energy delivery is essential to growing the United States’ clout in the global energy markets, as well as reducing costs for domestic consumers, the Trump administration’s top energy official said Thursday. “It’s been a difficult time for the (energy) industry,” Energy […]
DATA FLASH: AUGUST HOUSING STARTS SLOW DUE TO DROP IN MULTIFAMILY
–Housing Starts Fall By 5.1% to 1.416 Mln SAAR, But Single-Family Up 4.1%–Initial Jobless Claims Fall 33,000 to 860,000 in September 12 Week–Philadelphia Fed Index Slips to 15.0 in September Vs 17.2 August By Kevin Kastner WASHINGTON (MaceNews) – The U.S. August home building data, released Thursday, were weaker than expected. However, the data represent […]