DATA FLASH: US INITIAL CLAIMS REMAIN HIGH DUE TO BACKLOGS; MARCH PPI -0.2%
-Initial Claims Level Fall By 261,000 to 6.606 Mln, Continuing Claims Spike -March PPI Data Show Decline in Wholesale Inflation on Energy Prices By Kevin Kastner WASHINGTON (MaceNews) – The level of initial jobless claims fell modestly in the April 4 week, but the current week’s total lifted the number of new claims filed over […]
TEXT: FED DETAILS MAIN ST., OTHER LENDING FACILITIES
WASHINGTON (MaceNews) – The following is the Federal Reserve announcement of details of its new Main Street lending facilities and other programs, released Thursday morning: The Federal Reserve on Thursday took additional actions to provide up to $2.3 trillion in loans to support the economy. This funding will assist households and employers of all sizes […]
WHITE HOUSE WATCH COMMENTARY: VIRUS MYTHS, HOPES, REALITIES HARD TO DISTINGUISH
By Denny Gulino WASHINGTON (MaceNews) – The tiny nation-state of Singapore had done a great job against the virus as has Taiwan and still they are examples to the world that any “win” is more coexistence with an enemy that never really leaves. What does “winning” against a corona virus mean? In the case of […]
FOMC CONF CALL MINUTES DOCUMENT START OF A NEW ERA
-Fed’s Mester Wanted Smaller Cut March 15 Meet; March 2 Unanimous WASHINGTON (MaceNews) – The Federal Open Market Committee conference call meeting minutes from the beginning of the central bank’s massive reaction to the corona virus demand destruction, released Wednesday, are interesting history but relatively irrelevant given the evolution since of the crisis. Facing deteriorating […]
Oil Analysis: Low Expectations For Agreement At OPEC-Plus Virtual Gathering
WASHINGTON (MaceNews) – Members of the Organization for Oil Exporting Countries, along with Russia, Mexico and possibly Canada as well as Norway, are set to meet virtually Thursday to hash out an agreement to halt the months-long plunge in oil prices. However, expectations are low that a deal will be reached to ease a situation […]
WHITE HOUSE WATCH COMMENTARY: THE ECONOMY STRAINS AS THE VIRUS KILLS
By Denny Gulino WASHINGTON (MaceNews) – It’s almost too painful to concentrate on the numbers in this week that is so full of death in the United States. Better to look to a better future and an economy that might begin staggering back at some point. The day saw more than an additional 1,800 dead, […]
DATA FLASH: US FEBRUARY JOLTS DATA POINT TO SLOWDOWN BEFORE MARCH DROP
-Openings, Hiring Slow Even Before COVID; Layoffs to Surge in March By Kevin Kastner WASHINGTON (MaceNews) – The US Bureau of Labor Statistics’ monthly JOLTS report, released Tuesday morning, showed that job openings and hiring conditions slowed in February and layoffs rose, even before the full COVID impact. Job openings fell to 6.882 million in […]
WHITE HOUSE WATCH: MARKETS CONCLUDE – FOR NOW – THE FUTURE IS ASSURED
By Denny Gulino WASHINGTON (MaceNews) – The stock markets went up, up and up Monday and President Trump said he had a “warm” conversation with Joe Biden. True or False? Somehow part of the world slipped into a parallel and intensely positive universe Monday, particularly surprising at the beginning of what every expert and the […]
NY FED: US CONSUMER EXPECTATIONS FELL IN MARCH AMID VIRUS
NEW YORK (MaceNews) – US consumer worries about job losses and household finances ratcheted up in March as COVID-19 fears rose, the Federal Reserve Bank of New York reported. The Fed’s survey of households, conducted March 2-31, shows “a considerable deterioration in households’ expectations regarding their labor market and financial situation across all age, education, […]
BANK OF CANADA: PRE-COVID-19, CANADA CONSUMER SENTIMENT IMPROVED IN Q1
NEW YORK (MaceNews) – Canada’s consumers were feeling better in the first quarter, before the COVID-19 pandemic, and before oil prices plunged, a Bank of Canada quarterly survey found. Consumers’ expectations for one-year-ahead and five-year-ahead inflation increased slightly in the first quarter of 2020, reversing some declines seen in the fourth quarter. The two-year-ahead expectations […]