STATUS CHECK: NO GOOD NEWS FOR VIRUS, GDP, JOBS; TRUMP DISTRACTS
WASHINGTON (MaceNews) – The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes: Thursday’s welter of policy countercurrents, paralysis and confusion about ominous suggestions from the president was in contrast to the stark facts about the virus that stood out in sharp relief, that there were […]
DATA FLASH: US SECOND QUARTER GDP CONTRACTS BY 32.9% ON FULL COVID IMPACT
—Second Quarter PCE Plunged by 34.6% After 6.9% Drop in First Quarter–First Quarter GDP Unrevised at 5.0% Decline, Fourth Quarter GDP Revised Up To 2.4% Gain–Initial Jobless Claims Rise By 12,000 to 1.434 Mln, 4-Week Average Up For First Time Since April By Kevin Kastner WASHINGTON (MaceNews) – As expected, the U.S. economy contracted sharply […]
FED’S POWELL: PROBABLE ‘LONG TAIL’ OF THOSE SLOW TO GET JOBS BACK
By Denny Gulino WASHINGTON (MaceNews) – Federal Reserve Chair Jay Powell, following a hold-in-place policy meeting, Wednesday stayed away from any happy talk about progress against the virus and unemployment, saying it will be quite a while before low jobless rates return. Referring to the “tail” outside the bulk of the reemployment distribution curve, Powell […]
STATUS CHECK: BITTER PARTISAN DIVISIONS ON DISPLAY; CONSUMER CONF DETERIORATES
WASHINGTON (MaceNews) – The following is Tuesday’s status check of developments in the U.S. that can influence economic, health and political outcomes: A VIX somewhat more tense Tuesday, worsening 2.83% to 25.44, as U.S. stocks backed into the red by moderate amounts, worsening in a steep downdraft in the last hour of trading. The S&P […]
DATA FLASH: US JULY CONFIDENCE PLUNGES; CITES COVID REBOUND
–Current Condition Readings Improved, But Outlook Deteriorated on Uncertainty–Manufacturing Regional Data Point to Expansion, But Services Readings Plunge By Kevin Kastner WASHINGTON (MaceNews) – The Conference Board’s U.S. consumer confidence index Tuesday fell to a reading of 92.6 in July from an upward revised 98.3 reading in June, with concerns about the resurgence of COVID-19 […]
STATUS CHECK: FOMC; THE SHADOW VIRUS TASK FORCE; AS GOES BASEBALL …
WASHINGTON (MaceNews) – The following is Monday’s’ status check of developments in the U.S. that can influence economic, health and political outcomes: A VIX improved by a large amount, 4.28%, to 24.74, backgrounded a mildly positive day for U.S. stocks, with the DJIA +0.43%/+114.88; S&P +0.74%/+23.78 and the Nasdaq +1.67%/+173.09. After-hours futures were much the […]
THE JULY FOMC AND BEYOND – WHAT TO EXPECT FROM THE FED
By Steven K. Beckner (MaceNews) – Even though the U.S. economy’s partial recovery has lately shown signs of faltering in face of renewed anti-coronavirus restrictions, it would be little short of astonishing if the Federal Reserve’s policy making Federal Open Market Committee were to announce any new monetary stimulus initiatives at the conclusion of its […]
GERMAN BUSINESS SENTIMENT IMPROVED FOR 3RD CONSECUTIVE MONTH
By Marco Babic ZURICH (MaceNews) – Business confidence in Germany improved for the third consecutive month, beating market expectations and showing German businesses are more optimistic about the future, the IFO Institute reported Monday. The Ifo Institute’s Business Climate Index rose to 90.5 in July from a revised 86.3 (86.2) in June, beating the median […]
US NABE SURVEY: ECONOMIC IMPROVEMENT SEEN FROM NOW ON
WASHINGTON (MaceNews) – The National Association for Business Economics Monday published the latest survey of its members, the Business Conditions Survey, showing marked improvements compared to April’s previous survey and expectations of expansion through the second half of next year. The following are excerpts from the survey of 104 members through July 14: “The July […]
STATUS CHECK: NEXT WK, FOMC AND US GDP. MORE NASDAQ WOES?
WASHINGTON (MaceNews) – The following is Friday’s’ status check of developments in the U.S. that can influence economic, health and political outcomes: The VIX stayed about the same at 25.84 Friday after U.S. stocks were modestly negative for a second day. The DJIA finished -0.68%/-`82.94 and off 0.76% for the week. S&P -0.67%/-20.03 and also […]