GERMAN ECONOMIC SENTIMENT IMPROVED AGAIN IN SEPTEMBER, BEATS EXPECTATIONS
ZURICH (MaceNews) – The economic outlook for Germany improved again in September as both economic sentiment and current conditions rose more than analysts had expected, even in the face of rising COVID-19 cases. The ZEW Indicator which measures the outlook for economic sentiment over six months improved 5.9 points in September to 77.4. This was […]
STATUS CHECK: ALL THE NEWS THAT FITS, REGARDLESS
WASHINGTON (MaceNews) – The following is Monday’s status check of developments in the U.S. that can influence economic, health and political outcomes The beginning of the week and instead of a nice orderly prioritization of the day’s key events, a mélange of the sometimes sober, sometimes hard to believe, sometimes truly absurd happenings that were […]
FOMC PREPARES FOR FIRST MEETING IN NEW MONETARY FRAMEWORK ERA
By Steven K. Beckner (MaceNews) – There was very little chance the Federal Reserve was going to raise interest rates anytime soon but, just to make sure, the Fed’s rate-setting Federal Open Market Committee gave itself a dual justification for holding rates down indefinitely with the new monetary policy framework it announced on Aug. 27 […]
DATA PREVIEW: IS IT TOO EARLY TO CARE ABOUT 2023?
By Kevin Kastner WASHINGTON (MaceNews) – The upcoming week’s key events are concentrated into the middle of the week, with Wednesday’s FOMC meeting the highlight. While it is doubtful that the meeting will produce anything earth-shattering, it should confirm the shift in attention toward improving the employment situation and supporting the economic recovery rather than […]
FOMC PREPARES FOR FIRST MEETING IN NEW MONETARY FRAMEWORK ERA
By Steven K. Beckner (MaceNews) – There was very little chance the Federal Reserve was going to raise interest rates anytime soon but, just to make sure, the Fed’s rate-setting Federal Open Market Committee gave itself a dual justification for holding rates down indefinitely with the new monetary policy framework it announced on Aug. 27 […]
ECB’S LANE: BASELINE FORECASTS BASED ON WIDESPREAD COVID JAB BY END-2021
By Laurie Laird LONDON (MaceNews) – The most recent ECB economic forecasts assume that a vaccine to combat Covid-19 virus could be available by the end of next year, according to the central bank’s chief economist, Philip Lane Friday. The “baseline” estimates assume that “maybe a vaccine will be found by the middle of next […]
BOC’S MACKLEM Q&A: AS BANK ASSESSES ASSET PURCHASES, ‘COULD BE MORE, COULD BE LESS’
NEW YORK (MaceNews) – Bank of Canada Governor Tiff Macklem Thursday said the bank’s “recalibration” of its asset purchases means it will consider adjusting the scale of its buying, and the maturities of its debt purchases. Macklem, speaking at a press conference, was asked to explain the bank’s recent statements that it will “recalibrate” its large-scale asset […]
ECB ‘MONITORING’ EURO STRENGTH; UPGRADES 2020 GDP FORECAST
— Rate on Hold After Latest Governing Council Meeting By Laurie Laird LONDON (MaceNews) – The European Central Bank discussed the recent appreciation of the single currency at its latest governing council meeting, but declined to specify the risks of sustained euro strength to the nascent economic recovery. The governing council made a rare passing […]
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 […]
TEXT: ECB POLICY STATEMENT
FRANKFURT (MaceNews) – The following is the text of Thursday’s European Central Bank policy statement: At today’s meeting the Governing Council of the ECB took the following monetary policy decisions: (1) The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged […]