DATA PREVIEW: REDUCED NORTHEAST CASES LIFT FACTORY DATA
By Kevin Kastner WASHINGTON (MaceNews) – After a busy week, the upcoming data schedule is a bit lighter. After being hit hard by COVID early in the spring, the Northeast region has seen a sharp improvement that will translate into further strengthening in manufacturing conditions for August. The New York Fed’s Empire State reading, to […]
DATA FLASH: US JULY RETAIL SALES WEAKER THAN EXPECTED, UP 1.2%
–Retail Sales Excluding Motor Vehicles Up 1.9%; Vehicle Sales Fall 1.2%–Nonfarm Productivity Surges Despite Output Decline; Workweek Drops–Industrial Production Rose 3.0%; Manufacturing, Utilities, Mining All Up–Preliminary August Michigan Sentiment Ticked Up to 72.8 From 72.5–Business Inventories Fall 1.1% in June, Business Sales Surge 8.4% By Kevin Kastner WASHINGTON (MaceNews) – Retail sales rose further in […]
DATA FLASH: US INITIAL CLAIMS DIP AS FUTURE STILL UNDER DEBATE
–Initial Claims -228,000 to 963,000; First Reading Below 1 Million Under COVID–July Import Prices Rose 0.7%, But Only 0.2% Ex. Fuels By Kevin Kastner WASHINGTON (MaceNews) – As Congress and the White House continue to spar – or currently refuse to spar – on the future of the enhanced jobless claims program, initial claims fell by […]
STATUS CHECK: A FED VOICE SURPRISINGLY TRIES TO JOG SLEEPWALKING UNITED STATES
WASHINGTON (MaceNews) – The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes: It was unexpected and significant, when of all people the president of a Federal Reserve Bank spoke up to say something is seriously wrong in how the country is preparing for the next […]
FED’S ROSENGREN: SLOWDOWN EVIDENT IN HIGH-FREQUENCY DATA LIKELY TO CONTINUE
–‘Inconsistent’ Efforts by States Likely to Prolong Downturn NEW YORK (MaceNews)- Signs of slowing evident in recent high-frequency data are likely to persist and states are not doing enough to control the virus, Boston Fed President Eric Rosengren said Wednesday. Rosengren, in remarks for delivery at an online event hosted by the South Shore Chamber […]
STATUS CHECK: US STOCK MARKET EBULLIENCE SHOWS RARE VULNERABILITY TO VIRUS NEWS
WASHINGTON (MaceNews) – The following is Tuesday’s status check of developments in the U.S. that can influence economic, health and political outcomes: It was hard not to notice a disturbance in the Force, the force of stock market ebullience, that is. It was a strong start after Russia, however prematurely, announced it was moving to […]
FED’S BARKIN: NEED FISCAL PACKAGE TO SUPPORT US CONSUMER, RECOVERY
NEW YORK (MaceNews)– Consumer spending and the economic recovery are vulnerable if Congress and the president fail to deliver another round of federal relief spending,Richmond Fed President Thomas Barkin said Tuesday. Barkin, responding to questions during an online event hosted by the Center for Regional Competitiveness, said consumption, especially by blue-collar workers with a high […]
GERMANY’S ECONOMIC OUTLOOK IMPROVES IN AUGUST, BEATING EXPECTATIONS
ZURICH (MaceNews) – The outlook for Germany’s economy improved in August after a modest decline the previous month, surpassing expectations for a slight decline from the previous month, while the assessment of the current situation was slightly worse. The ZEW indicator of economic sentiment for Germany rose to 71.5, an improvement of 12.2 points from […]
TUESDAY WHITE HOUSE SCHEDULE
WASHINGTON (MaceNews) – The following is the White House public schedule” DAILY GUIDANCE AND PRESS SCHEDULE FOR TUESDAY, AUGUST 11, 2020 12:30PM – The president participates in a phone call with America’s sheriffs. Oval Office Closed Press — Content may appear first or exclusively on the Mace News premium service. For real-time email delivery contact […]
STATUS CHECK: BAD VIBES ACCUMULATE RE CHINA
WASHINGTON (MaceNews) – The following is Monday’s status check of developments in the U.S. that can influence economic, health and political outcomes: A new week filled with echoes of last week. Weekend rioting, Chicago after midnight looted stores. A police shooting in the afternoon and mistaken rumors about that shooting was the spark. There was […]