ECB TEES UP DECEMBER EASING; LEAVES POLICY ON HOLD AT LATEST MEETING
–Lagarde Leaves Door Open to Earlier Eemergency Meeting If Needed –‘Very Attentive to Exchange Rates’ By Laurie Laird LONDON (MaceNews) – The European Central Bank Thursday pledged to “recalibrate” its monetary policy by the end of the year, but left the door open to an emergency consultation of its rate-setting body should the economic picture […]
FOMC APT TO STAND PAT FOR NOW, BUT FUTURE FISSURES EMERGING
By Steven K. Beckner (MaceNews) – The Federal Reserve is about to hold its second Federal Open Market Committee meeting under its new monetary policy framework amid strange and rapidly changing circumstances. No policy change is likely on Nov. 5. In other words, the FOMC will almost certainly leave the federal funds rate in the […]
DATA FLASH: US THIRD QUARTER GDP REBOUNDS BY 33.1%
–-Third Quarter PCE Jumps By 40.7% After 33.2% Drop in Second Quarter –US GDP Still -2.9% Vs. Year Earlier –Initial Claims Slowed by 40,000 to 751,000; 4-Week Average Falls Further By Kevin Kastner WASHINGTON (MaceNews) – As expected, the U.S. economy rebounded in the third quarter, with strength in consumption supplemented by rebounds in the […]
ECB LEAVES POLICY UNCHANGED; SUGGESTS DECEMBER EASING
By Laurie Laird LONDON (MaceNews) – The European Central Bank made no changes to its monetary policy at its rate-setting meeting on Thursday, but suggested that a package of easing measures could come before year end. Unusually, the Governing Council’s opened its press release by acknowledging the perilous state of the eurozone economy: “In the […]
EURO-AREA ECONOMIC SENTIMENT STAGNATED IN OCTOBER
By Marco Babic ZURICH (MaceNews) – The recovery in economic sentiment for the euro-area economies which had been improving steadily since May stalled in October, according to the latest report Thursday from the European Commission. The Economic Sentiment Indicator (ESI) for countries sharing the euro was 90.9 in October, matching the level recorded in September, […]
STATUS CHECK COMMENTARY – IT ONLY SEEMS LIKE GROUNDHOG DAY
WASHINGTON (MaceNews) – The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · Gee, stocks tanked. The Dow down 943 points. You mean there’s no stimulus package from Washington? Who knew? There’s a surge in coronavirus cases now, in the fall? Why didn’t somebody say […]
STATUS CHECK – LOTS OF VOTING, LOTS OF CAMPAIGNING, AND IN PHILLY, LOTS OF LOOTING
WASHINGTON (MaceNews) – The following is Tuesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · The presidential campaign at fever pitch with a week to go: FLOTUS delivered her one campaign speech Tuesday, in Atglen, Pennsylvania. The media painted a picture of “my husband that I don’t […]
DATA FLASH: US OCTOBER CONFIDENCE SLIPS ON DECLINE IN OUTLOOK
–Confidence in Current Conditions Improves, Expectations Down By Kevin Kastner WASHINGTON (MaceNews) – The Conference Board’s U.S. consumer confidence index fell to a reading of 100.9 in October from a downward revised 101.3 reading in September. The Conference Board Tuesday noted that most consumers see little improvement in the economy through the end of the […]
STATUS CHECK ANALYSIS – WHERE THE BUFFALO ROAM – WITH NO MASKS
WASHINGTON (MaceNews) – The following is Monday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · How many “gotchas” to go? Mockery and sarcasm, let’s go before time runs out. And above all, let’s not be too introspective and examine some of the fundamental assumptions American society has […]
GERMAN BUSINESS CONFIDENCE FALLS IN OCT AS EXPECTATIONS DIM
By Marco Babic ZURICH (MaceNews) – German business confidence fell in October for the first time in five months, as companies become more concerned about the business outlook in the months ahead due to an increase of COVID-19 cases. The Ifo Institute’s Index of business sentiment Monday fell to 92.7 in October from a revised […]