ST. LOUIS FED’S BULLARD: US ECONOMIC REBOUND LIKELY IN 2H; NO NEGATIVE RATES
NEW YORK (MaceNews) – After its record drop in the second quarter, the US economy is likely to see a record rebound in the third quarter, St. Louis Federal Reserve President James Bullard said Tuesday. Bullard, answering questions during a webcast, said a record rebound in the third quarter is likely, a “big plus number,” […]
DATA FLASH: US APRIL CPI FALLS 0.8%, CORE -0.4%, LARGEST DROP EVER
–Energy Prices Account for Most of Headline Decline; Foods Prices Up–Owners’ Equivalent Rents Up 0.2%, Lodging Away from Home Cut 7.1% By Kevin Kastner WASHINGTON (MaceNews) – Consumer prices fell as expected in April, with a plunge in energy prices the key factor due to severely reduced demand for gasoline as consumers stayed off the […]
WHITE HOUSE WATCH: AMID THE TESTING HAZE, A BREAKTHROUGH
By Denny Gulino WASHINGTON (MaceNews) – It has been a little more than two weeks since there has been a Corona Virus Task Force briefing and Monday’s substitute, a presidential briefing, was intended to illustrate vast progress made in making virus testing widely available. The Rose Garden even had added to the background two large […]
CHICAGO FED’S EVANS: FACTORIES SHOW SIGNS OF ADAPTING TO MEET HEALTH CHALLENGES
NEW YORK (MaceNews) – The economic outlook remains uncertain, but steps by manufacturers to protect workers from Covid-19 in the workplace show how businesses can adapt and recovery can unfold, Chicago Fed President Charles Evans said Monday. Evans, in remarks prepared for delivery in a virtual meeting with the Lansing, Michigan Chamber of Commerce, recounted […]
WHITE HOUSE WATCH: HOT OR COLD WAR, OR PEACE FOR OUR TIME?
By Denny Gulino WASHINGTON (MaceNews) – We all know the big things in our lives that are changing because of the new consciousness of health risks and the sense of shared responsibility we feel for those around us, particularly the seniors, but there are less obvious and more subtle threats we have to deal with […]
WHITE HOUSE WATCH COMMENTARY: MARKETS HAPPY, PRESIDENT”S OPTIMISTIC
By Denny Gulino WASHINGTON (MaceNews) – The week ends with once again everything that involves the corona virus falling neatly into place : the stock markets end a stellar string of positive trading days, the president said we don’t even need a vaccine and at least 45 states have some reopenings under way despite the […]
US APRIL DATA WILL BE MORE OF THE SAME; EYES ON FRIDAY’S MAY DATA
By Kevin Kastner WASHINGTON (MaceNews) – The mid-month consumption, production and price reports for April released next week will be extremely weak, and as a result will likely be shrugged off by markets that are already numb from all the bad news. Instead, attention should be focused on next Friday’s release of the May Empire […]
DATA FLASH: US APRIL PAYROLLS PLUNGE 20.5 MLN, UNEMP RATE 14.7%
–Virus Impact to Remain for Several Mos, Changes Likely to Be Smaller–Hourly Earnings Surge 4.7% , Most Job Losses in Lower-Incomes By Kevin Kastner WASHINGTON (MaceNews) – The April employment report Friday represented the full effect of the COVID-19 shutdown with payrolls posting the largest decline on record and the unemployment rate rising to the […]
WHITE HOUSE WATCH: HAPPY ENDING, UNHAPPY ENDING OR NO ENDING?
By Denny Gulino WASHINGTON (MaceNews) – Amid all the bad virus news there are a few nuggets of good news. How much good news could there be when another 2,000 or more Americans are killed by the virus every day. One set of projections see that increasing to 3,000 a day by the end of […]
DATA FLASH: US INITIAL CLAIMS LEVEL SLIPS FURTHER; 33.5 MLN TOTAL SINCE MID-MARCH
–Initial Claims Down 677,000 to 3.169 Mln; Continuing Claims Climbing–Nonfarm Productivity Drops 2.5% in the 1Q, Unit Labor Costs Up 4.8%–Challenger: Record 671,129 Apr Layoff, Led by Entertainment/Leisure By Kevin Kastner WASHINGTON (MaceNews) – One day before the April employment report release, data released on Thursday showcased the damage the national shutdown continues to have […]