SPEAKER PELOSI PULLS AN IMPEACHMENT RABBIT OUT OF HER HAT, BLOCKS SENATE
–Senate Majority Leader McConnell to Respond to Pelosi Maneuver Thursday WASHINGTON (MaceNews) -Speaker of the House Nancy Pelosi had a surprise for Senate Majority Leader Mitch McConnell after the as-expected Wednesday night votes approving two articles of impeachment – a time-out, holding up the required Senate trial. Suggesting she is waiting for some development on […]
CHI FED’S EVANS: MONETARY POLICY NOW WELL SITUATED
–Effect of Tariffs Has Been Negative But Not Large By Suzanne Cosgrove INDIANAPOLIS (MaceNews) – Chicago Federal Reserve President Charles Evans Wednesday told a group of business leaders that U.S. economic fundamentals are largely in good shape, and that Federal Reserve policy is well situated. The Fed already has exercised “a good amount of accommodation,” […]
BANKOFAMERICA GLOBAL FUND MANAGER SURVEY: INVESTORS UPBEAT, ADD TO RISK IN DECEMBER
By Vicki Schmelzer NEW YORK (MaceNews) – Global investors remained upbeat about world growth prospects and added to risk positions in December, according to the BofA Global Research monthly fund manager survey, released Tuesday. “In the past two months, FMS investors have priced out recession risks,” BofA said. Since October, “global growth expectations jumped a […]
WHITE HOUSE WATCH: ‘POLITICS DOESN’T CORRUPT PEOPLE, PEOPLE CORRUPT POLITICS’
By Denny Gulino THE WHITE HOUSE (MaceNews) – With her words Tuesday, “Politics doesn’t corrupt people, people corrupt politics,” Judge Amy Berman Jackson answered all those cynics who see the process of self government somehow an inherently flawed endeavor, a path to personal perdition, not noble public service. It’s a sentiment that’s specially timely for […]
BOSTON FED'S ROSENGREN: MAY NEED TO START WEIGHING RATE INCREASE IN SPRING
By Jerry Kronenberg NEW YORK (MaceNews) – Boston Federal Reserve President Eric Rosengren said Tuesday that the U.S. economy faces neither recession nor problem inflation, but that the Fed might need to consider tightening credit next spring to keep markets from taking on excessive risks. “Part of the way that monetary policy works is that […]
NY FED: REGIONAL ECONOMY SLOWING DUE TO TIGHT LABOR MARKET, TRADE UNCERTAINTY
NEW YORK (MaceNews) – Labor shortages and uncertainty linked to global trade have combined to slow the regional New York economy, the New York Fed said Tuesday. Job growth in nearly every metro area in the tri-state metro region “has slowed noticeably over the past year, with little if any employment growth in upstate New […]
FED'S KAPLAN: RATES ON HOLD IN 2020
NEW YORK (MaceNews) – Dallas Fed President Robert Kaplan, a voting member of the Federal Open Market Committee in 2020, Tuesday said interest rates are fine where they are and are likely to remain on hold next year. “I think the appropriate path of policy is to stay where we are,” Kaplan said during an […]
WHITE HOUSE WATCH: DOES DÉTENTE WITH CHINA CHANGE EVERYTHING?
By Denny Gulino THE WHITE HOUSE (MaceNews) – The Phase One trade agreement with China is readied for signing, Sunday’s additional tariffs are scrapped, some existing tariffs are set to be trimmed and the Dow closes up a measly 3.3 points? Wasn’t the U.S.-China trade battle the most market-sensitive development of all, just like Federal […]
BANK OF CANADA’S POLOZ: LOW INTEREST RATES LIKELY TO PERSIST
By Adam Bernards TORONTO (MaceNews) – Bank of Canada Governor Stephen Poloz said interest rates in Canada and around the globe are likely to remain low for the foreseeable future as trade uncertainty and structural factors continue to cast a shadow on otherwise positive economic trends. “On balance, it looks like the global economy is […]
FED’S POWELL: TO INCREASE RATES, WAGES WOULD NEED TO TAKE OFF
–FOMC Keeps Rates Unchanged; ‘Dot Plot’ Sees No Rate Changes for 2 Years By Denny Gulino WASHINGTON (MaceNews) – Federal Reserve Chairman Jerome Powell Wednesday said he would have to see wage growth take off, accelerating much faster than the current pace that is throttled slower by low productivity and other factors. What will it […]