Category: Economy

UPDATE: BANK OF CANADA STAYS PUT AT 1.75%

–Sees Growth Slowdown Because of Geopolitical Tensions By Gloria Galloway OTTAWA (MaceNews) – Canada’s economic growth will be weaker in the near term as geopolitical tensions create global uncertainty and domestic indicators remain mixed, the Bank of Canada said Wednesday in its January Monetary Policy Report. Despite the slowdown, the Bank is maintaining its target […]

BofA Global Research Fund Manager Survey: Global Investors Bullish

–But Reluctant to Embrace Risk; US Election Top ‘Tail Risk’ By Vicki Schmelzer NEW YORK (MaceNews) – Global investors remained bullish in January, but were reluctant to embrace risk given 2020 uncertainty, according to the findings of BofA. Global Research’s monthly fund manager survey, released Tuesday.For the first time, fund managers cited the November U.S. […]

WHITE HOUSE WATCH: UNDER SIEGE, PRES TRUMP HEADS FOR DAVOS

By Denny Gulino THE WHITE HOUSE (MaceNews) – Time zones and thousands of miles away, President Trump will nevertheless keep close track of the impeachment trial that gets underway Tuesday, reliant on Senate Majority Leader Mitch McConnell to keep things under control. Trump had warned his supporters on Capitol Hill early on in a tweet […]

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 […]