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 […]
ECB EYES NEW STIMULUS TO BOOST WEAKENING EURO ZONE ECONOMY
By Laurie Laird VILNIUS (MaceNews) -The European Central Bank has acknowledged the weakening euro zone economy, extending its forward guidance and reiterating the governing council’s pledge to deploy a range of unconventional measures should conditions falter further. The ECB kept its deposit facility rate at -0.4% at its latest governing council meeting, and vowed to […]
HIGHLIGHTS OF ECB’S DRAGHI Q&A: ‘MUST BE PREPARED’
–Markets Seem to See ‘Something Larger Than Simply Trade Disputes’ (MaceNews) – Here are some highlights of European Central Bank President Mario Draghi’s question and answer session Thursday: –Markets seem to see “something bigger than simply trade disputes.” We “have to take this reading seriously and be prepared.” –Don’t see signs of de-anchoring of inflation […]
FED’S BEIGE BK SURVEY SEES ‘SLIGHT IMPROVEMENT’
–Hardly a Mention of Trade WASHINGTON (MaceNews) – The modestly expanding national economy was on course through mid May, at least before the latest Mexican tariff threats and the massive Midwest flooding, showing a “slight improvement” with the possible exception of the St. Louis and Dallas districts, the Federal Reserve’s Beige Book survey showed Wednesday. […]
FED’S POWELL MAKES THE ‘FED PUT’ EXPLICIT RE TRADE TURBULENCE
–‘We Will Act as Appropriate’ to Sustain Expansion By Denny Gulino CHICAGO (MaceNews) – In a major announcement Tuesday, Federal Reserve Chairman Jerome Powell made the “Fed put” explicit, saying, “We will act as appropriate to sustain the expansion” in case of trade negotiation turbulence. He is making the remarks at a Chicago Fed conference […]
CANADIAN ECONOMY EDGES UP IN Q1
By Gordon Isfeld OTTAWA (MaceNews) – Canada’s economy edged up by a meager 0.1 per cent in the first quarter of 2019, matching the fourth-quarter growth of the previous year, with the weak performance gain coming mainly from higher household spending and investments in machine and equipment, even as exports struggled. That translates into an […]
BANK OF CANADA’S WILKINS: ALBERTA BETTER AS OIL PRICES RECOVER
By Gordon Isfeld OTTAWA (MaceNews) – Canada’s number two monetary policy leader on Thursday highlighted some positive economic news for Alberta, a province that has weathered a big share of the country`s energy woes. “In terms of oil, prices have recovered from last autumn’s decline, production has started to increase, and profitability has started to […]
ANALYSIS: FIN RISKS ADD TO TRADE, INFL WORRIES TO STYMIE FED
By Steven K. Beckner AMELIA ISLAND, Fla. (MaceNews)– Nettlesome uncertainties about inflation, trade and now financial stability are keeping U.S. monetary policy stuck firmly where it’s at for the foreseeable future. For now, the economy is doing too well for the Federal Reserve to cut interest rates, but those concerns seem equally likely to prevent […]