JAN JOBS RPT BLASTS THRU EXPECTATIONS W/225K PAYROLLS & MORE
WASHINGTON (MaceNews) – Let us count the ways January’s jobs report topped expectations, beginning with the 225,000 payroll additions and a labor participation rate that was the highest since June 2013, a surge in construction employment and wages that rebounded to a less anemic 3.1% increase over the year. More broadly, rather than a one-month […]
FED’S KAPLAN: RISKS NO LONGER TILTED TO DOWNSIDE
By Jerry Kronenberg DALLAS, Texas (MaceNews) – Dallas Federal Reserve President Robert Kaplan said Thursday that the Fed no longer believes the U.S. economy’s downside risks outweigh its upside potential, but that he doesn’t favor raising interest rates yet. “I think the outlook has stabilized — if anything firmed,” Kaplan said in remarks to reporters […]
BOC’s Wilkins Dismisses Stagnation Worry, Talks Policy Agenda
TORONTO (MaceNews) – Canada will continue to struggle with weak productivity growth and an aging population. Its neutral interest rate, where borrowing costs don’t stimulate or restrain activity, has thus dropped in recent years. The country does not, however, face Japan-style lost decades. So said Carolyn Wilkins, senior deputy governor of the Bank of Canada, […]
WHITE HOUSE WATCH COMMENTARY: PRES TRUMP HOPES ‘BEST IS YET TO COME,’ NOT ALREADY PEAKED
–President Trump Acquitted of Both Articles of Impeachment By Denny Gulino THE WHITE HOUSE (MaceNews) – An ebullient White House, believing the State of the Union address was a home run and the Iowa caucus debacle a crippling blow to Democratic hopes, is nevertheless haunted by the threat of the kind of economic setbacks a […]
TRUMP CAMPAIGNS TO JOINT SESSION OF CONGRESS
WASHINGTON (MaceNews)- President Trump delivered a strong campaign-style address to a joint session of Congress Tuesday night, prompting steady applause from Republicans, interspersed with a few lines that drew Democratic applause as well. Criticized by some Democrats afterwards for what they said were some serial untruths, Trump recounted what he considers to be stellar achievements […]
EXCERPTS FROM PRES TRUMP’S STATE OF THE UNION ADDRESS
WASHINGTON (MaceNews) – The following are excerpts of the president’s State of the Union address released by the White House in advance of delivery at 9 p.m. ET: Excerpts from President Donald J. Trump’s State of the Union Address (as prepared for delivery)…Three years ago, we launched the Great American Comeback. Tonight, I stand before […]
WHITE HOUSE WATCH UPDATE: ‘NOTHING WRONG?’ ‘INAPPROPRIATE?’ ACQUITTAL?
–Final Senate Trial Verdict Vote Set For Wednesday 4p ET –Senate Rejects Calling Witnesses 51-49 By Denny Gulino THE WHITE HOUSE (MaceNews) – Remember when an inverted yield curve was top of mind? Or Brexit? Or Iran’s Gen. Qasem Soleimani? Or Kim Jong Un? China tariffs? Mattis? Comey? Khashoggi? Or – wait a minute, let’s […]
TEXT: US 4Q GDP TECH NOTE; LOWER IMPORTS HELP
WASHINGTON (MaceNews) – The following is the Bureau of Economic Analysis technical note that accompanies the Thursday report on fourth quarter GDP: Real GDP and Related Aggregates Real GDP increased 2.1 percent (annual rate) in the fourth quarter of 2019, the same increase as in the third quarter. The increase in fourth quarter real GDP […]
FED’S POWELL: TOO SOON TO KNOW EFFECT OF WUHAN VIRUS ON CHINA; US INSULATED
–Sees ‘Cautious Optimism’ Growing About the Global Economy By Denny Gulino WASHINGTON (MaceNews)- Federal Reserve Chair Jay Powell, carefully reading some answers from a script, Wednesday afternoon said it is too soon to know the effect of the Wuhan virus on China’s economy but the U.S, is somewhat insulated because its economy mainly depends on […]
TEXT: FOMC STAYS PUT; NO DISSENTS
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday did not choose any unexpected action, sticking to its stand-still posture with no change in rates and virtually no change in its policy statement which follows, boldfaced emphasis added: Information received since the Federal Open Market Committee met in December indicates that the labor market remains […]