POWELL: U.S. ECONOMY TO EXTEND MODERATE GROWTH; RECESSION UNLIKELY
By Laurie Laird ZURICH (MaceNews) – The U.S. economy will continue growing at a moderate pace, buoyed by a robust service sector and strong household spending, according to Fed Chairman Jerome Powell. “The consumer’s in good shape, and the main expectation is not at all that there will be a recession,” Powell told a gathering […]
US TREASURY’S MNUCHIN: FURTHER FINANCIALLY ISOLATING CUBA
–Remittances to Cuban Relatives Limited to $1,000 a Quarter WASHINGTON (MaceNews) – The following is the U.S. Treasury’s announcement Friday of additional financial sanctions being applied to Cuba: Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) amended the Cuban Assets Control Regulations (CACR) to further implement President Trump’s June 2017 National […]
CANADIAN EMPLOYMENT SURGES IN AUGUST
By Gordon Isfeld OTTAWA (MaceNews) – The Canadian economy produced a surprisingly strong gain in employment during August, adding 81,000 jobs — the majority being part-time positions — while the unemployment rate remained steady at 5.7 per cent for a third consecutive month. Full-time hiring accounted for 23,800 new jobs in August, while part-time hiring totaled […]
US JOBS REPORT A LITTLE SHORT OF BREATH BUT STILL JOGGING
–Workweek Rebounds; No Additional Wage Acceleration; Labor Participation Back to February By Denny Gulino WASHINGTON (MaceNews) – The August jobs report Friday had some bright spots amid a somewhat subdued landscape, with the three-month average payrolls growth slowed to 156,000 even with a new and sizable injection of Census workers. The brightest spot was the […]
WHITE HOUSE SCHEDULE FOR FRIDAY
WASHINGTON (MaceNews) – The following is Friday’s public schedule for the White House: DAILY GUIDANCE AND PRESS SCHEDULE FOR FRIDAY, SEPTEMBER 6, 2019 EDT 9:00AM In-House Pool Call Time THE PRESIDENT has no public events scheduled. ### The White House · 1600 Pennsylvania Ave NW · Washington, DC 20500-0003 · […]
US TSY’S HSING FINANCE REFORM PLAN SEES RECAPITALIZATION
–Limited Federal Guarantee Would Remain, Backing Shareholder Capital WASHINGTON (MaceNews) – The following is an excerpt of the U.S. Treasury Department Housing Finance Reform Plan unveiled late Thursday, describing those portions of the proposals that can be implemented by the White House without congressional approval: Administrative Actions To ensure stability in the housing finance system […]
THURSDAY’S WHITE HOUSE SCHEDULE
WASHINGTON (MaceNews) – The following is Thursday’s public schedule for the White House: DAILY GUIDANCE AND PRESS SCHEDULE FOR THURSDAY, SEPTEMBER 5, 2019 EDT 9:00AM In-House Pool Call Time 11:45AM THE PRESIDENT receives his intelligence briefing Oval Office Closed Press 1:45PM THE PRESIDENT meets with the Chairman and CEO of General Motors Oval Office Closed Press […]
MANUFACTURING WEAKNESS HOLDS DOWN CHICAGO FED DISTRICT BUSINESS CONDITIONS
NEW YORK (MaceNews) – Manufacturing business conditions eroded in the Chicago region in July/August while non-manufacturing improved, according to the latest survey of Seventh Federal Reserve district business activity conducted by the Chicago Fed. The Chicago Fed’s Survey of Business Conditions Activity Index rose to −22 in the July/August survey period from −30 in the […]
FED OFFICIALS WEIGH MORE EASING SOON AMID UNCERTAINTIES
By Steven K. Beckner ST. LOUIS (MaceNews) – As Federal Reserve policy-makers prepare to consider further interest rate reductions in two weeks, supporters of the late July rate cut have become more unequivocal about the need for additional easing, and there are signs that erstwhile opponents are becoming more open to it. With corporate purchasing managers showing […]
FED’S BEIGE BK SHOWS MIXED RESULTS BUT NO DANGER SIGNS
WASHINGTON (MaceNews) – “Concerns,” “mixed” and “modest” were the key words in the latest Beige Book survey of national economic trends Wednesday, and while the overall picture was muddled it wasn’t overly negative. “Although concerns regarding tariffs and trade policy uncertainty continued, the majority of businesses remained optimistic about the near-term outlook,” the survey summary […]