IMF WEO UPDATE DOWNGRADES GROWTH OUTLOOK SLIGHTLY BUT PROBLEMS MAY BOTTOM OUT
–US, Euro Growth Projections Trimmed a Tenth, China Revised Up Two Tenths; India the Big Loser WASHINGTON (MaceNews) – The International Monetary Fund Monday issued an updated World Economy Outlook, seeing global growth this year improved to a 3.3% rate, a tenth less than had been seen in October. The update said there are signs […]
WHITE HOUSE WATCH: SOMEDAY EVEN THE SENATE VERDICT ON TRUMP WILL BE OLD NEWS
By Denny Gulino THE WHITE HOUSE (MaceNews) – President Trump’s quiet departure for Mar a Lago Friday sidestepped the reporters at the ropeline who would have loved to get some answers about his addition to his legal team of Ken Starr, a veteran of the Bill Clinton impeachment effort, and of Alan Dershowitz, the prominent […]
TEXT: US Treasury to Issue New 20-Year Bond in First Half of 2020
WASHINGTON (MaceNews) –The following is the text of Thursday evening’s announcement by the U.S. Treasury Department that in the first half of this year it will issue a 20-year Treasury bond: The U.S. Department of the Treasury today announced it plans to issue a 20-year nominal coupon bond in the first half of calendar year […]
COMMENTARY: BEGINNING MARCH 1 MARKETS GET SOMETHING NEW: THE DATA WHIPSAW
–Machines Displace Humans To Take Over US Labor and Commerce Economic Data By Denny Gulino WASHINGTON (MaceNews) – The jobs report hits the wires. Whoa, unexpectedly few additions to payrolls. Markets react. But in the same instant another headline tells you severe weather holds down survey response rate, revisions likely. Beginning March 1, forget that […]
FED'S BOWMAN SEES STRONG HOUSING SECTOR WITH HELP FROM LOW RATES
NEW YORK (MaceNews) – Continued moderate growth and a strong jobs market point to strength in the housing market, with key support from ongoing low interest rates, Federal Reserve Governor Michelle Bowman said Thursday. Bowman, in remarks prepared for delivery to a homebuilders group in Kansas City, noted that the FOMC sees interest rates remaining […]
ATLANTA FED’S BOSTIC: OPEN TO LEAVING RATES UNCHANGED BUT MUST WATCH INFLATION, FINANCIAL RISK
By Steven K. Beckner (MaceNews) – While there are no compelling reasons at this time for the Federal Reserve to raise interest rates, it must be ready to do so if signs of inflationary “overheating” or financial excesses emerge, Atlanta Federal Reserve Bank President Raphael Bostic said Wednesday. Like several of his colleagues on the […]
DALLAS FED’S KAPLAN: FED WORKING ON WAYS TO FIX REPO LIQUIDITY NEEDS
By Jerry Kronenberg NEW YORK (MaceNews) – Dallas Federal Reserve President Robert Kaplan said Wednesday that the central bank has begun closed-door discussions on how to permanently solve the repo market’s liquidity crisis without endlessly intervening and expanding the Fed’s already large balance sheet. “I believe very strongly that we’re going to need to find […]
FED’S BEIGE BK: THREE REGIONS ‘SUB-PAR,’ TWO ‘ABOVE AVERAGE’
–‘Modestly Favorable’ Outlook; Labor Markets ‘Remained Tight’ WASHINGTON (MaceNews) – The Federal Reserve’s Beige Book survey of economic conditions released Wednesday found some above- and below-average activity in a still “modestly expanding” economy with a tight labor market accompanied by only modest wage increases – overall not appreciably changed from the prior six weeks. The […]
FED’S HARKER: POLICY ON HOLD; STABILITY CONCERNS ARGUE AGAINST CUTS
NEW YORK (MaceNews) – Philadelphia Fed President Patrick Harker Wednesday repeated the familiar line that policy is on hold and is likely to remain so, barring a “substantial change” in the outlook, and added that financial stability concerns are another factor arguing against more policy accommodation. “For now we are on hold,” Harker said in […]
WITH ‘PHASE ONE’ A DONE DEAL, CHINA WATCHED FOR FOLLOW THRU
–President Trump Confirms Tariffs Stay Until Phase Two ‘Finish;’ No Phase Three By Denny Gulino THE WHITE HOUSE (MaceNews) – The “Phase One” agreement was ceremoneously signed Wednesday afternoon, signaling the start of a long period of wary watching and measuring as both China and the U.S. decide if the deal is a new beginning […]