DATA FLASH: SEPTEMBER HOUSING STARTS REBOUND ON SINGLE-FAMILY
–Housing Starts Rose By 1.9% to 1.415 Mln SAAR with Single-Family Up 8.5% By Kevin Kastner WASHINGTON (MaceNews) – The U.S .September home building data, released Tuesday, continued to represent the shift toward single-family homes and away from condos and apartments as buyers seek more space and larger homes since the COVID-19 quarantines. The pace […]
FED’S CLARIDA: ‘LIFTOFF’ TO RATE CHANGES GOVERNED BY ECONOMY
–Election Day Pressure Builds on Senate to Get Pandemic Relief Passed –Tsy’s Mnuchin in Abu Dhabi But Has Call Skedded with Speaker Pelosi WASHINGTON (MaceNews) – Federal Reserve Vice Chair Richard Clarida Monday emphasized that the central bank will be watching the economy through a wide variety of indicators and won’t be considering any change […]
STATUS CHECK – GUESS WHICH CAMPAIGN FRIDAY CHANTED ‘CNN SUCKS’
WASHINGTON (MaceNews) – The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · President Trump’s campaign Friday night marched on, in Macon, Georgia. Pool reporter Rob Crilly who works for the Washington Examiner, described the scene: “It was dark by the time POTUS took the stage […]
SATURDAY WHITE HOUSE SCHEDULE
WASHINGTON (MaceNews) – The following is Saturday’s public White House schedule: DAILY GUIDANCE AND PRESS SCHEDULE FORSATURDAY, OCTOBER 17, 2020 EDT 12:30PM In-House Pool Call Time 1:45PM Out-of-Town Pool Call Time 2:30PM THE PRESIDENT departs the White House en route to Joint Base Andrews North Portico In-Town Travel Pool 2:55PM THE PRESIDENT arrives at Joint Base Andrews Joint Base Andrews Out-of-Town Travel […]
DATA FLASH: RETAIL SALES SURGE, UP 1.9% IN OCTOBER
–Retail Sales Ex-Vehicles Rise 1.5% On Widespread Gains–Industrial Production Falls 0.6% On Utilities/Manufacturing, Mining Up–University of Michigan Sentiment Rose to 81.2 in Early-October–Business Inventories Up 0.3% in August, Business Sales Up 0.6% By Kevin Kastner WASHINGTON (MaceNews) – Retail sales rose for the fifth straight month in September, with gains in almost every sales category […]
DATA FLASH: US INITIAL CLAIMS SURGE; MANUFACTURING DATA MIXED
–Initial Claims +53,000 to 898,000; 4-Wk Average Keeps Downward Trend–Empire State Index Falls to 10.5 in October from 17.0 in September–Philadelphia Fed Index Rises to 32.3 in October from 15.0 in September By Kevin Kastner WASHINGTON (MaceNews) – Initial claims rose by 53,000 to a level of 898,000 in the October 10 week, well above expectations […]
STATUS CHECK – WHAT’S THE OPPOSITE OF A PRESIDENTIAL DEBATE?
WASHINGTON (MaceNews) – The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · Twenty days until Election Day, a countdown to – what? Is it time to wonder what kind of lame-duck president Donald Trump would be? Of course he might win. But if not, […]
THURSDAY WHITE HOUSE SCHEDULE
WASHINGTON (MaceNews) – The following is Thursday’s public White House schedule: DAILY GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, OCTOBER 15, 2020 In-Town PoolWires: AP, Reuters, BloombergWire Photos: AP, Reuters, AFP, NYTTV Corr & Crew: ABCPrint: The HillRadio: SRN Out-of-Town PoolWires: AP, Reuters, BloombergWire Photos: AP, Reuters, AFP, NYTTV Corr & Crew: ABCPrint: Washington ExaminerRadio: NPR EDT […]
VICE CHAIR CLARIDA KEEPS FED POINTED TOWARD LONG-TERM MONETARY EASE
By Steven K. Beckner (MaceNews) – Top Federal Reserve policy-makers continue to strongly signal their long-range intention to maintain an ultra-easy monetary policy, even as they acknowledge that the economy is recovering faster than they expected from the Covid shutdown induced recession. The Fed’s commitment to a highly accommodative policy is not completely open-ended, but […]
DATA FLASH: US SEPTEMBER PPI JUMPS 0.4% ON SURGE IN FOOD
–Prices Ex-Food/Energy +0.4%; Prices Up 0.4% Ex-Trade Services as Well–Food Prices +1.2%, Halting Downward Trend; Energy Prices -0.3%–Prices for Travel Accommodation Services Jump 3.9% By Kevin Kastner WASHINGTON (MaceNews) – U.S. business prices rose by 0.4% in September, ahead of expectations for a 0.2% increase and reflecting a sharp rebound in food prices and a […]