DATA FLASH: US INITIAL CLAIMS SLIP FURTHER, BUT NOT VERY QUICKLY
-Initial Claims -9,000 to 840,000; 4-Wk Average Has 10th Straight Decline By Kevin Kastner WASHINGTON (MaceNews) – Initial claims fell by 9,000 in the October 3 week to a level of 840,000, above expectations for a level of 819,000, the Labor Department reported Thursday. While any decline is welcomed, the tight range in which initial claims […]
BANK OF CANADA’S MACKLEM: RESUMPTION OF PAYMENTS ‘GOING WELL’ AS DEFERRALS EXPIRE
NEW YORK (MaceNews) – So far, so good is the message from Bank of Canada Governor Tiff Macklem Thursday as Canadian borrowers resume loan payments deferred during the pandemic. Still, the BOC will watch closely to see how well households and businesses cope with expiring loan deferrals and will also monitor whether excessive debt is […]
ECB’S SCHNABEL RAISES THE ALARM ON EU BANKING SECTOR
—But BOE’s Bailey Hails Health of UK banks at Banking Stability Conference By Laurie Laird LONDON (MaceNews) – A top European Central Bank official lamented the health of the European banking sector, calling for greater integration and risk sharing across the eurozone. The return on equity for eurozone banks fell to 0.01% at the end […]
OPEC SEES PARTIAL OIL DEMAND RECOVERY IN 2021, EXPECTS MEMBERS TO GROW MKT SHARE
–US Shale Sector To Recover Quickly As Market Conditions Improve –Sees Longer-Term Decline In OECD Oil Demand, Increased Consumption In Non-OECD Region By Brai Odion-Esene, SW4 Insights for Mace News WASHINGTON (MaceNews) – Influential oil group OPEC Thursday predicted a partial rebound in oil demand next year, although the coronavirus outbreak remains a major X-factor, […]
STATUS CHECK – NOT QUITE A STEEL CAGE MATCH
WASHINGTON (MaceNews) – The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. The Pence-Harris vice presidential debate seemed to be as much devoted to dodging questions as answering them. Vice President Mike Pence seemed to think ignoring the moderator was the better approach while Sen. […]
FED’S EVANS Q&A: ONUS STAYS ON FISCAL POLICY TO SUPPORT RECOVERY
NEW YORK (MaceNews) – Chicago Fed President Charles Evans suggested Wednesday he is in no rush to reassess the Federal Reserve’s monetary policy and the burden remains on fiscal policy to support the recovery. Asked by reporters whether likely delay in federal fiscal support would prompt the Fed to consider new measures to bolster the […]
FED’S EVANS: FED SHOULD RESIST INCLINATION TO ‘BACK OFF THE OVERSHOOT’ TOO SOON
NEW YORK (MaceNews) – Monetary policymakers must be wary of tightening policy too much and too soon if they are to execute the Federal Reserve’s new average inflation targeting strategy, Chicago Fed President Charles Evans said Wednesday. Evans, in remarks for delivery to the Metals Service Center Institute, repeated that the Fed is now obliged […]
FOMC MINUTES: WORRIED ABOUT MORE VIRUS WITH NO STIMULUS
By Denny Gulino WASHINGTON (MaceNews) – The minutes of the mid September Federal Open Market Committee meeting Wednesday showed Fed Board members and regional bank presidents worried about more intense virus outbreaks and the chance of no near-term government stimulus – weeks before both concern seemed to be realized. The minutes added almost nothing in […]
WEDNESDAY WHITE HOUSE SCHEDULE
WASHINGTON (MaceNews) – The following is Wednesday’s public White House schedule: DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, OCTOBER 7, 2020 EDT 10:00AM In-House Pool Call Time THE PRESIDENT has no public events scheduled. ### — Content may appear first or exclusively on the Mace News premium service. For real-time email delivery, contact tony@macenews.com. Twitter […]
STATUS CHECK ANALYSIS – WHY? WHY NO PANDEMIC RELIEF?
WASHINGTON (MaceNews) – The following is Tuesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. Another day, another tweet, another reversal that surprises everyone, especially the stock markets. No new pandemic relief until at least sometime after Election Day. So now money left over from the CARES Act […]