FED’S WILLIAMS: IF NO MORE FEDERAL FISCAL AID, WOULD MEAN ‘SOMEWHAT WEAKER OUTLOOK’
NEW YORK (MaceNews) – The U.S. economic recovery is likely to continue even if new federal fiscal support is not forthcoming, New York Fed President John Williams said Tuesday. “If we do see more fiscal support for the economy, that will give a boost,” he told reporters. “If we don’t, that’s going to be a […]
Italy Fiscal Plan Sees 2020 Deficit 10.8%, GDP -9%, Debt To GDP 158% – Treasury Sources
By Silvia Marchetti ROME (MaceNews) – Italy’s government is expected to put forward on Wednesday a fiscal plan that sets the budget deficit at 10.8% of GDP this year and public debt at 158%, while the economy will contract by 9% on the pandemic impact, according to Treasury sources. Ruling coalition parties reached agreement on […]
EUROZONE ECONOMIC SENTIMENT SHOWS IMPROVEMENT BUT PACE SLOWS
By Marco Babic ZURICH (MaceNews) – Economic sentiment in the countries sharing the Euro improved in September, but at a slower pace than in previous months, the European Commission reported Tuesday. The Commission’s Economic Sentiment Indicator (ESI) rose to 91.1 in September, an improvement of 3.6 points from the 87.5 result in August. By comparison, […]
TUESDAY WHITE HOUSE SCHEDULE
WASHINGTON (MaceNews) – The following is Tuesday’s public White House schedule: DAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, SEPTEMBER 29, 2020 EDT 10:00AM In-House Pool Call Time1:05PM Out-of-Town Pool Call Time 2:10PM THE PRESIDENT and THE FIRST LADY depart the White House en route […]
STATUS CHECK: GOODBYE RBG; NOW YEARS, MAYBE DECADES OF SOMETHING ELSE
WASHINGTON (MaceNews) – The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes. It was 12:53 in the afternoon, eastern time, when the hearse carrying Ruth Bader Ginsburg began to leave the Capitol grounds, the casket having been precisely positioned inside by the stiff military honor […]
GERMANY BUSINESS CONFIDENCE UP AGAIN IN SEPTEMBER
ZURICH (MaceNews) — Germany’s business climate improved further in September driven by a more optimistic outlook for both current conditions and expectations, amid signs the economy is stabilizing despite rising COVID-19 infection numbers. The Ifo institute measure of business confidence rose to 93.4 in September from a revised 92.5 (92.6) the previous month, broadly in-line […]
STATUS CHECK: WHOSE COGNITIVE ILLUSION IS BETTER?
WASHINGTON (MaceNews) – The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. So much for a Wednesday. Noise perhaps. Confusion. Ominous sometimes, repetitious often and sadly, no longer surprising. Hardly news but too important to be ignored. Beginning with President Trump, in his evening news […]
FED’S ROSENGREN WARNS OF COVID RECURRENCE, HIT TO LENDERS AS BAD LOANS RISE
NEW YORK (MaceNews) – Boston Fed President Eric Rosengren Wednesday warned of a possible credit crunch as small- and medium-sized lenders see rising non-performing loans as a second wave of the Covid-19 pandemic strikes and more business go bankrupt. Rosengren, in remarks for delivery to the Boston Economic Club, warned of “more substantial headwinds” for […]
STATUS CHECK: DANCING AWAY FROM GRIM 200,000
WASHINGTON (MaceNews) – The following is Tuesday’s status check of developments in the U.S. that can influence economic, health and political outcomes Yes, everyone is focusing on the obscene 200,000 death toll, actually 201,800 by one count by now, just as “Status Check” did Monday night. And 33 states now seeing higher case rates again, […]
BANK OF ENGLAND’S BAILEY SETS THE STAGE FOR RATE CUT
By Laurie Laird LONDON (MaceNews) – The UK’s top central banker sketched out the details of the Bank of England’s deliberations on sub-zero interest rates on Tuesday, dropping his heaviest hint yet that rates could fall into negative territory over the medium term. “We’ve got to work with the banks” to ensure that negative rates don’t […]