US DOD: QUDS CHIEF KILLED IN ‘DEFENSIVE’ ACTION
‘–At The Direction of the President’ WASHINGTON (MaceNews) – The following is the U.S. Department of Defense statement issued Thursday night confirming the killing of Iran’s Quds Force leader, Gen. Oasem Soleimani: At the direction of the President, the U.S. military has taken decisive defensive action to protect U.S. personnel abroad by killing Qasem Soleimani, […]
WHITE HOUSE WATCH: TRUMP HEADS FOR MAR A LAGO LEAVING TRADE LOOSE ENDS
–Trump-Xi Talk, Getting Ready for Phase One Signing –‘Quadruple Witching’ and Record Stocks Close Go Together –Trump: No President Has ‘Done as Much’ For Religion By Denny Gulino THE WHITE HOUSE (MaceNews) – The shortest day of the year Saturday. the darkest day in other words, is a big deal in the natural world. It […]
FINAL US GDP REVISION HOLDS AT +2.1%; CONSUMPTION UP
–Private Consumption/Fixed Investment Upgraded 0.2 Pt to +2.3% WASHINGTON (MaceNews) – The final revision of third-quarter U.S. GDP published Friday, unchanged at 2.1%, upgraded the key consumption component, The final tally showed upward revisions to Personal Consumption Expenditures, the spending measure key to an economy dominated by consumption, and nonresidential fixed investment that were offset […]
WHITE HOUSE WATCH: WASHINGTON DEFLATES AS ITS 2019 ENDS
By Denny Gulino THE WHITE HOUSE (MaceNews) – Thursday and stocks a record again, the USMCA passes the House on the way to the Senate next year, initial claims still elevated, members of Congress head for the airport and President Trump – preparing for a Mar a Lago vacation – is still impeached. “I don’t […]
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 […]