DATA FLASH: US INITIAL CLAIMS FALL ON TECHINICAL FACTORS
–-Initial Claims -130,000 to 881,000, No Mention of Hurricane Laura–July Trade Gap Widens to 12-yr High $63.6 Billion; Sharp Gain in Imports–Nonfarm Productivity Revised Up on Smaller Output Plunge By Kevin Kastner WASHINGTON (MaceNews) –Initial claims fell by 130,000 in the August 29 week to a level of 881,000, well below the 958,000 level expected and […]
STATUS CHECK: TRUMP WANTS TO DISOWN NYC, PORTLAND, D.C.
WASHINGTON (MaceNews) –-The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes: The day was full of campaign moves, some disguised as something else. For instance, President Trump’s memo to government agencies late in the day directed preparations be made to disown certain cities that he […]
US CBO TEXT: DEFICIT HEADING TO ALL-TIME RECORD; 10-YR OUTLOOK SURPRISES
WASHINGTON (MaceNews) – The non-partisan Congressional Budget Office Wednesday updated its outlook for annual budget deficits, and while the impending record widening is no surprise, the tapering toward the end of the next decade was unexpected. The following is the CBO text of its summary of the budget update, with boldfaced emphasis added: • Deficits […]
FED’S BEIGE BK SEES MIXED ECONOMY, ‘STALLED’ IN NY, STRONG IN CHI
WASHINGTON (MaceNews) – The latest Federal Reserve Beige Book survey of economic activity in all 12 regional districts Wednesday found a mixed picture, with a wide range of outcomes from “stalled” in the New York district to “strongly” improved in Chicago. Generally the survey prepared by the Minneapolis bank for the next Federal Open Market […]
FED’S WILLIAMS: NEW FRAMEWORK STRENGTHENS FED HAND IN TARGETING MAXIMUM EMPLOYMENT, PRICE STABILITY
NEW YORK (MaceNews) – The Fed’s new policy framework targeting average inflation over time puts the central bank in a stronger position to meet its employment and inflation goals, New York Fed President John Williams said Wednesday. “The new framework statement directly and effectively addresses the problems caused by a low neutral rate and persistently […]
STATUS CHECK: CREDIBILITY, DENIALS, INSINUATIONS AND CHARGES
WASHINGTON (MaceNews) – The following is Tuesday’s status check of developments in the U.S. that can influence economic, health and political outcomes: At the end of last week it was noted here that events had chipped away at the credibility of the government and the White House in particular regarding the coronavirus. Now it has […]
STATUS CHECK: FOOD LINES AND GOVT INERTIA; VIRUS, STREET UNREST, JOBLESSNESS
WASHINGTON (MaceNews) – The following is Monday’s status check of developments in the U.S. that can influence economic, health and political outcomes: Life in these United States, another chapter. President Trump holds a news conference and defends his MAGA truck rally firing paint balls at Black Lives Matter protestors – “Paint is not bullets.” – […]
SATURDAY/SUNDAY WHITE HOUSE SCHEDULE
WASHINGTON (MaceNews) – The following is the public White House schedule for Saturday and Sunday: WEEKEND GUIDANCE AND PRESS SCHEDULE FORSATURDAY, AUGUST 29, 2020, THROUGH SUNDAY, AUGUST 30, 2020 Saturday, August 29, 2020 EDT 8:00AM In-House Pool Call Time 8:00AM Out-of-Town Pool Call Time 10:00AM THE PRESIDENT departs the White House en route to Joint Base Andrews West […]
STATUS CHECK: FROM JACOB BLAKE TO CHADWICK BOZEMAN, A WEEK TO REMEMBER – AND FORGET
WASHINGTON (MaceNews) – The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes: A week filled with news is over. No more apocalyptic-themed Republican National Convention. The ghost of Hurricane Laura is cutting across the Washington-to-Philadelphia area toward the Atlantic. The Federal Reserve has formalized its […]
DATA PREVIEW: AUGUST PAYROLLS, HURRICANE LAURA TOP OF MIND
By Kevin Kastner WASHINGTON (MaceNews) – The impact of Hurricane Laura, which ripped through the Gulf Region on Thursday and is carving its way up the middle of the U.S. as we speak, will be felt in the weekly initial claims and rig count data next week and could also affect retail sales and other […]