BANK OF ITALY’S VISCO: EZ DEFLATION RISK MUST NOT BE OVERLOOKED’
By Silvia Marchetti ROME (MaceNews) – The Bank of Italy governor Ignazio Visco warned on Friday “not to overlook” the risk of deflation in the eurozone even though current deflationary risks are lower than they were six months ago. “The probability of deflation is still very lower, however, the share of operators expecting an inflation […]
ECB’S MERSCH URGES GREATER FISCAL SPENDING TO COMBAT COVID DOWNTURN
— Supports “recalibration” of monetary policy in December By Laurie Laird LONDON (MaceNews) – A top European central banker called Friday for increased government spending to combat the economic impact of the recent upsurge in Covid transmission, even as he voiced support for an adjustment of monetary policy by year end. The European Central Bank […]
EUROZONE Q3 GDP TOPS FORECASTS; INFLATION REMAINS NEGATIVE IN OCTOBER
By Laurie Laird LONDON (MaceNews) – The Eurozone economy staged a stunning rebound in the third quarter, exceeding analysts’ forecasts, even as inflation remained in negative territory for the third straight month ahead of an expected Covid-related slowdown in the closing months of the year. Gross domestic product soared by a record 12.7% in the […]
FRIDAY WHITE HOUSE SCHEDULE
WASHINGTON (MaceNews) – The following is Friday’s public White House schedule: DAILY GUIDANCE AND PRESS SCHEDULE FORFRIDAY, OCTOBER 30, 2020 EDT 8:30AM In-House Pool Call Time 9:55AM Out-of-Town Pool Call Time 11:00AM THE PRESIDENT departs the White House en route to Joint Base Andrews South Lawn In-House Pool 11:10AM THE PRESIDENT arrives at Joint Base Andrews Joint Base Andrews Out-of-Town Travel Pool 11:20AM THE […]
STATUS CHECK COMMENTARY – STOWING THE AMMO BEFORE ELECTION DAY
WASHINGTON (MaceNews) – The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · Does anyone still care that House Speaker Nancy Pelosi and Treasury Secretary Stephen Mnuchin exchanged letters, each listing the deficiencies in the other’s position on pandemic relief. Suffice to say they’re far […]
JAPAN SEPT FACTORY OUTPUT ON PICKUP TREND BUT LEVEL STILL LOW
(MaceNews) – Japan’s industrial production continued to crawl out of a pandemic-caused plunge seen in the spring on recovery domestic and overseas demand, marking a fourth straight month-on-month gain in September, but the level of output remains low, preliminary data released Friday by the Ministry of Economy, Trade and Industry showed. The key points from […]
JAPAN TOKYO CORE CPI -0.5% Y/Y VS SEPT -0.2% ON WEAKER ENERGY, PROCESSED FOOD
(MaceNews) – Consumer prices in Tokyo, a leading indicator of the national average, turned weaker in October in the face of lower energy costs and a slower rise in processed food prices as well as the government program to support the pandemic-hit tourism industry with hotel discounts, data from the Ministry of Internal Affairs and […]
ECB TEES UP DECEMBER EASING; LEAVES POLICY ON HOLD AT LATEST MEETING
–Lagarde Leaves Door Open to Earlier Eemergency Meeting If Needed –‘Very Attentive to Exchange Rates’ By Laurie Laird LONDON (MaceNews) – The European Central Bank Thursday pledged to “recalibrate” its monetary policy by the end of the year, but left the door open to an emergency consultation of its rate-setting body should the economic picture […]
FOMC APT TO STAND PAT FOR NOW, BUT FUTURE FISSURES EMERGING
By Steven K. Beckner (MaceNews) – The Federal Reserve is about to hold its second Federal Open Market Committee meeting under its new monetary policy framework amid strange and rapidly changing circumstances. No policy change is likely on Nov. 5. In other words, the FOMC will almost certainly leave the federal funds rate in the […]
DATA FLASH: US THIRD QUARTER GDP REBOUNDS BY 33.1%
–-Third Quarter PCE Jumps By 40.7% After 33.2% Drop in Second Quarter –US GDP Still -2.9% Vs. Year Earlier –Initial Claims Slowed by 40,000 to 751,000; 4-Week Average Falls Further By Kevin Kastner WASHINGTON (MaceNews) – As expected, the U.S. economy rebounded in the third quarter, with strength in consumption supplemented by rebounds in the […]