CANADA’S PACE OF INFLATION INCREASES IN MAY
By Gordon Isfeld OTTAWA (MaceNews) – Prices for Canadian goods surged in May, with the overall cost of consumer items jumping by 2.4% annualized- up from 2.0% in April – and marking the biggest year-over-year increase since October of last year, Statistics Canada said Wednesday. The gains in consumer costs were led by food items, which […]
FISCAL YTD US BUDGET DEFICIT $739 BLN, +39% VS FY 2018
WASHINGTON (MaceNews) – The U.S budget deficit in May of $207.8 billion at first glance is a record for any May and on second glance, after figuring in $55 billion in benefit payments shifted into the month because June 1 was a Saturday, it becomes a less scary$159 billion. The Treasury Department reported Wednesday that […]
US MAY CPI QUIESCENT AT +0.1%; SHELTER DECELERATES
WASHINGTON (MaceNews) – May’s U.S. CPI report Wednesday had no surprises, with an as-expected 0.1% increase both overall – for a 1.8% over-the-year consumer inflation rate – and for the core rate, with a deceleration in the category with the single biggest weighting, shelter. The annualized rate for core items, other than food and energy, […]
TEXT OF G20 COMMUNIQUE OF FINMINS, CENBANK GOVS
(MaceNews) – The following is the text of the communique issued Sunday after the meeting in Fukuoka, Japan, of finance ministers and central bank governors. The meeting was held in preparation for the summit of G20 heads of state that will be held in Osaka June 28-29. The final text, provided by the Japan Ministry […]
US-MEXICO PACT CHANGES DYNAMICS ON TRADE, POLITICS, OUTLOOK
By Denny Gulino WASHINGTON (MaceNews) – It remains to be seen if the U.S.-Mexico agreement eventually cuts Central American migration to the north back anywhere near to the low numbers the Trump Administration inherited yet the aftershocks are likely to nevertheless be consequential. –President Donald Trump is likely to have gained increased confidence in his […]
US-MEXICO PACT CHANGES DYNAMICS ON TRADE, POLITICS, OUTLOOK By Denny Gulino WASHINGTON (MaceNews) – It remains to be seen if the U.S.-Mexico agreement eventually cuts Central American migration to the north back anywhere near the low numbers the Trump Administration inherited yet the aftershocks are likely to be consequential nevertheless. –President Donald Trump is likely […]
TEXT OF US-MEXICO DECLARATION ON MEXICO PACT
WASHINGTON (MaceNews) – The following is the joint Mexico-U.S State Department declaration on the agreement announced late Friday between the United States and Mexico that suspends the threat of the first phase of U.S. tariffs being imposed Monday: The United States and Mexico met this week to address the shared challenges of irregular migration, […]
CANADA JOB GROWTH SLOWS IN MAY; UNEMPLOYMENT FALLS
By Gordon Isfeld OTTAWA (MaceNews) – The Canadian economy continued to churn out jobs in May, adding 27,700 positions, but that was at a weaker pace than the previous month, as the number of people looking for work declined. The jobless rate declined 0.3 percentage points to 5.4 per cent in May as fewer people […]
MAY US WAGES DECELERATE; MFG/CONSTRUCTION NEARLY FLAT
WASHINGTON (MaceNews) – The unexciting May jobs report, though no disaster, reinforced the perception of trend deterioration Friday, with the deceleration in earnings the leading negative, followed by the lifeless manufacturing and construction numbers. Total payrolls growth was well below expectations with its 75,000 increase, while revisions to March and April subtracted 75,000 jobs from […]
ANALYSIS: THE SADNESS OF BEING MERELY THE FEDERAL RESERVE
By Denny Gulino WASHINGTON (MaceNews) – Any clinical look at today’s economy and markets would have to acknowledge something unusual is happening, even that the world of money and international transactions may be hurtling into a future that is mottled with serious undefined risk. Mario Draghi said as much as he concluded his ECB news […]