TEXT OF FOMC POLICY STATEMENT JULY 29, 2020
The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. The coronavirus outbreak is causing tremendous human and economic hardship across the United States and around the world. Following sharp declines, economic activity and employment […]
STATUS CHECK: BITTER PARTISAN DIVISIONS ON DISPLAY; CONSUMER CONF DETERIORATES
WASHINGTON (MaceNews) – The following is Tuesday’s status check of developments in the U.S. that can influence economic, health and political outcomes: A VIX somewhat more tense Tuesday, worsening 2.83% to 25.44, as U.S. stocks backed into the red by moderate amounts, worsening in a steep downdraft in the last hour of trading. The S&P […]
DATA FLASH: US JULY CONFIDENCE PLUNGES; CITES COVID REBOUND
–Current Condition Readings Improved, But Outlook Deteriorated on Uncertainty–Manufacturing Regional Data Point to Expansion, But Services Readings Plunge By Kevin Kastner WASHINGTON (MaceNews) – The Conference Board’s U.S. consumer confidence index Tuesday fell to a reading of 92.6 in July from an upward revised 98.3 reading in June, with concerns about the resurgence of COVID-19 […]
STATUS CHECK: FOMC; THE SHADOW VIRUS TASK FORCE; AS GOES BASEBALL …
WASHINGTON (MaceNews) – The following is Monday’s’ status check of developments in the U.S. that can influence economic, health and political outcomes: A VIX improved by a large amount, 4.28%, to 24.74, backgrounded a mildly positive day for U.S. stocks, with the DJIA +0.43%/+114.88; S&P +0.74%/+23.78 and the Nasdaq +1.67%/+173.09. After-hours futures were much the […]
THE JULY FOMC AND BEYOND – WHAT TO EXPECT FROM THE FED
By Steven K. Beckner (MaceNews) – Even though the U.S. economy’s partial recovery has lately shown signs of faltering in face of renewed anti-coronavirus restrictions, it would be little short of astonishing if the Federal Reserve’s policy making Federal Open Market Committee were to announce any new monetary stimulus initiatives at the conclusion of its […]
GERMAN BUSINESS SENTIMENT IMPROVED FOR 3RD CONSECUTIVE MONTH
By Marco Babic ZURICH (MaceNews) – Business confidence in Germany improved for the third consecutive month, beating market expectations and showing German businesses are more optimistic about the future, the IFO Institute reported Monday. The Ifo Institute’s Business Climate Index rose to 90.5 in July from a revised 86.3 (86.2) in June, beating the median […]
US NABE SURVEY: ECONOMIC IMPROVEMENT SEEN FROM NOW ON
WASHINGTON (MaceNews) – The National Association for Business Economics Monday published the latest survey of its members, the Business Conditions Survey, showing marked improvements compared to April’s previous survey and expectations of expansion through the second half of next year. The following are excerpts from the survey of 104 members through July 14: “The July […]
STATUS CHECK: NEXT WK, FOMC AND US GDP. MORE NASDAQ WOES?
WASHINGTON (MaceNews) – The following is Friday’s’ status check of developments in the U.S. that can influence economic, health and political outcomes: The VIX stayed about the same at 25.84 Friday after U.S. stocks were modestly negative for a second day. The DJIA finished -0.68%/-`82.94 and off 0.76% for the week. S&P -0.67%/-20.03 and also […]
DATA PREVIEW: THE COVID BILL COMES DUE WITH Q2 US GDP
By Kevin Kastner WASHINGTON (MaceNews) – All throughout the COVID-19 shutdown, everyone from talking heads to economists to politicians spoke about second quarter GDP in ominous terms – a data point that was way down the road at the time. So now here we are. The advance estimate of second-quarter GDP will be released Thursday […]
STATUS CHECK: TRUMP ‘TO SET EXAMPLE’ BY AXING JACKSONVILLE CONVENTION SITE
WASHINGTON (MaceNews) – The following is Thursday’s updated status check of developments in the U.S. that can influence economic, health and political outcomes: The VIX jumped more than 7% into anxiety territory at 26.08 reflecting the negativity in the day’s stocks action. The DJIA took a 1.32% hit, falling 353.51 but it was the Nasdaq […]