WHITE HOUSE WATCH: OF ISM, FALLING MICE AND THE NEW DONGFENGS
By Denny Gulino THE WHITE HOUSE (MaceNews) – Here at the center of the action Tuesday, about 150 feet from the Oval Office , there is …. no action. When you watch the evening news, it will seem that a lot is going on. But take it from one of the “pool” reporters who rotated […]
CANADA GDP FLAT IN JULY, WITH GOODS-PRODUCING SECTOR WEAKENING
By Gordon Isfeld OTTAWA (MaceNews) – The Canadian economy stalled in July after a four-month growth spurt, as major sectors such as manufacturing, construction, and oil and gas showed signs of weakening. “Following four months of growth, real gross domestic product was essentially unchanged in July as a decline in goods-producing industries was offset by […]
FED’S EVANS SEES CURRENT RATES AT APPROPRIATE LEVELS, BUT LEAVES EASING DOOR OPEN
By Laurie Laird FRANKFURT (MaceNews) – U.S. interest rates currently reflect the “fundamental” resilience of the economy, according to an influential Federal Reserve policy maker, in line with the latest outlook provided by the central bank, suggesting a holding pattern for monetary policy. “The setting of the funds rate at the moment is appropriate for […]
WHITE HOUSE WATCH: DARKNESS, LIGHT AND MORE DARKNESS IN THE HALLS OF POWER
By Denny Gulino THE WHITE HOUSE (MaceNews) – Day by day the wall gets longer, with two long sections in place Monday. That would be the new 13-foot wall along what used to be Pennsylvania Ave. in front of the White House, a physical metaphor for the less visible but substantial barriers being erected inside […]
US TREASURY TEXT: LETTER EXECUTING NEW GSES’ EARNING ACCUMULATION
WASHINGTON (MaceNews) – The following is the text of the letters from U.S. Treasury Secretary Steven Mnuchin to Federal Housing Finance Agency Director Mark Calabria made public Monday allowing Fannie Mae and Freddie Mac to accumulate earnings: DEPARTMENT OF THE TREASURY WASHINGTON, D.C. SECRETARY OF THE TREASURY The Honorable Mark A. Calabria Director Federal Housing […]
WHITE HOUSE WATCH: DON’T WASTE TIME FINDING NON-IMPEACHMENT NEWS
By Denny Gulino THE WHITE HOUSE (MaceNews) – Did you hear? No government shutdown! It’s hardly news worth talking about, of course, as the impeachment inquiry crowds out everything else. At least, there’s no government shutdown next Tuesday. The short-term extension to the budget passed by the Senate, already passed by the House and being […]
WHITE HOUSE WATCH: SCENARIOS KEEP SHIFTING BUT TRUMP TEAM FOCUSES
By Denny Gulino THE WHITE HOUSE (MaceNews) – The lightning-like upgrade to impeachment inquiry status caught the Trump team off guard, during a Manhattan foray for the president that lasted nearly a week, but now the White House’s chief resident is back, signaling Thursday that the fight is on. What one Capitol Hill newspaper counted […]
US BEA: SOURCES OF REVISION TO 2Q US GDP
WASHINGTON (MaceNews) – The following is the technical note explaining the offsetting elements of change in the third reading of second quarter U.S. GDP which kept the growth rate at 2.0%, as expected: Sources of Revision to Real GDP Real GDP increased 2.0 percent (annual rate) in the second quarter of 2019, the same as […]
TRANSCRIPT CONFIRMS TRUMP ASKS UKRAINE PM TO PROBE BIDENS
WASHINGTON (MaceNews) – The following is the transcript of President Donald Trump’s telephone conversation July 25 with then newly elected Ukraine Prime Minister Volodymyr Zelensky, released by the White House Wednesday: UNCLASSIFIED Declassified by order of the President’ September 24, 2019 Telephone Conversation with President Zelensky of Ukraine Notetakers: The White House Situation·Room July 25, […]
CHICAGO FED’S CHARLES EVANS: CURRENT RATES ‘WELL-POSITIONED,’ BUT REMAINS OPEN TO DISCUSSION
By Suzanne Cosgrove Lake Forest, Illinois (MaceNews) – Chicago Federal Reserve President Charles Evans said Wednesday the Fed was “well-positioned from a risk-management standpoint,” following the September quarter-point interest rate cuts. However, Evans said he would continue to evaluate incoming data through the end of the year, and is open-minded to its discussion. He cited […]