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WHITE HOUSE WATCH: CHINA PACT VIES WITH IMPEACHMENT TRIAL TRIGGER
–Mnuchin: “These tariffs will stay in place until there’s a Phase Two,” By Denny Gulino THE WHITE HOUSE (MaceNews) – The gray overcast above the executive mansion Tuesday is going to be followed by some sunshine Wednesday just as the Trump administration’s biggest economic achievement so far, the ceremonious signing of the “Phase One” pact […]
ANALYSIS: US DEC CPI TEMPORY ITEMS SURGE; LONG-TERMERS LIKE SHELTER REGRESS
–2019 CPI and Its Core Rate +2.3% –PCE and CPI Inflation Converging Downwards? By Denny Gulino WASHINGTON (MaceNews) – Consumer inflation momentum switched drivers at the end of last year to short-term influences like gasoline while the longer-term factors like shelter regressed, raising the question as to how much the CPI continues to outpace PCE […]
US REMOVES CHINA’S DESIGNATION OF CURRENCY MANIPULATOR BUT WATCHING CLOSELY
By Denny Gulino THE TREASURY DEPARTMENT (MaceNews) – The designation of China as a currency manipulator, imposed in August on President Trump’s order but not backed up by the IMF, was removed late Monday as expected both because of the imminent signing of a “Phase One” trade pact and because Fox News earlier broke the […]
US TSY: CORP TAX REVENUE SURGE CONTINUES; DEC DEFICIT -$13.3B
WASHINGTON (MaceNews) – The official U.S. budget deficit in December was $13.3 billion and after adjustment for some calendar quirks affecting benefit payments was $40 billion, both close to last year’s totals, and striking was how the surge in corporate tax revenues that began in June is continuing, the Treasury Department reported Monday. For the […]
BOSTON FED’S ROSENGREN FLAGS UPSIDE INFLATION, FINANCIAL STABILITY RISKS
NEW YORK (MaceNews) – Fed policy-makers see a benign economic outlook but they should remain alert to upside inflation and financial stability risks posed by prolonged low unemployment and low interest rates, Boston Fed President Eric Rosengren said Monday. Rosengren, who opposed the Fed’s three rate cuts in 2019 along with Kansas City Fed President […]
WHITE HOUSE WATCH: WILD WEEK ENDS WITH NOTHING IMPORTANT CHANGED
By Denny Gulino THE WHITE HOUSE (MaceNews) – Friday evening at the White House, no longer ground zero for an Iran retaliation, and the president’s teleprompter reading Wednesday declaring that country appears to be “standing down” is already a fading memory – and no longer distracted, the realization returns that nothing important has really changed. […]
ANALYSIS: US DEC JOBS REPORT, INITIAL CLAIMS SHOW HIRING RESISTING SLOWDOWN
–Wages Decelerate to Annual +2.9% Through December WASHINGTON (MaceNews) – The latest jobs numbers Friday and the even more current initial jobless benefit claims total on Thursday showed that while American workers are seeing the hope of an acceleration in wage gains fade as growth moderates the pace of hiring remains exceptionally strong. Most analysts […]
TEXT: US APPLIES NEW SANCTIONS TO IRAN INDUSTRY, OFF’LS
WASHINGTON (MaceNews) – The following is the text of the U.S. Treasury announcement Friday of additional sanction being applied against Iran industry and senior officials: Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against eight senior Iranian regime officials who have advanced the regime’s destabilizing objectives, as well […]
WHITE HOUSE WATCH: DID THE PRESIDENT’S BOLD MOVE SAVE IRAN’S THEOCRACY?
By Denny Gulino THE WHITE HOUSE (MaceNews) – Okay, bashing President Trump is thriving these days, a niche of success in a news business that is largely on life support, a tempting refuge even for reporters who try to preserve the neutrality that has long been the purists’ worthy ideal. Does reflex criticism contaminate ordinary […]