BOE’S BAILEY NEGATIVE RATES ‘NOT NEAR’ DESPITE LETTER TO BANKS ON IMPLEMENTATION
By Laurie Laird LONDON (MaceNews) – The UK’s top rate setter Monday reiterated his mixed messages over the implementation of negative rates, warning that the Bank of England has no imminent plans to push borrowing rates below zero. “We are not near and haven’t addressed whether we should use them,” said Bank of England Governor […]
MONDAY WHITE HOUSE SCHEDULE
WASHINGTON (MaceNews) – The following is Monday’s public White House schedule: f DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, OCTOBER 12, 2020 EDT 11:00AM In-House Pool Call Time3:25PM Out-of-Town Pool Call Time 4:35PM THE PRESIDENT departs the White House en route to Joint Base Andrews South Lawn In-House Pool 4:45PM THE PRESIDENT arrives at Joint Base Andrews Joint Base Andrews Out-of-Town Travel Pool […]
SATURDAY/SUNDAY WHITE HOUSE SCHEDULE
WASHINGTON (MaceNews) – The following is the Saturday and Sunday public White House schedules: WEEKEND GUIDANCE AND PRESS SCHEDULE FORSATURDAY, OCTOBER 10, 2020 THROUGH SUNDAY, OCTOBER 11, 2020 Saturday, October 10, 2020 EDT 12:00PM In-House Pool Call Time 2:00PM THE PRESIDENT delivers remarks at a peaceful protest for law & order South Lawn In-House […]
STATUS CHECK – OF PRESIDENTIAL HEALTH CHECKS AND REGENERON RATIONING
WASHINGTON (MaceNews) – The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · President Trump went on Fox late Friday and for what was billed as on on-air health assessment – spoiler alert – he passed. The in-house doctor asked him some questions from the […]
DATA PREVIEW: TAKE A DEEP BREATH, BECAUSE HERE COMES THE PAIN
By Kevin Kastner WASHINGTON (MaceNews) – Nothing in life is free. That also applies to the data schedule. After a week that was extremely short on major data, the upcoming week’s schedule is overflowing with it, with the mid-month price, production and sales data crammed into a holiday-shortened four-day week. Hurricane Delta is hitting the […]
FRIDAY WHITE HOUSE SCHEDULE
WASHINGTON (MaceNews) – The following is Friday’s public White House schedule: DAILY GUIDANCE AND PRESS SCHEDULE FORFRIDAY, OCTOBER 9, 2020 EDT 10:00AM In-House Pool Call Time THE PRESIDENT has no public events scheduled. ### — Content may appear […]
FED’S ROSENGREN WARNS ON FINANCIAL STABILITY RISK WITH RATES LOWER FOR LONGER
NEW YORK (MaceNews) – The U.S. needs more steps to limit financial stability risk in a continuing low interest rate environment, Boston Fed President Eric Rosengren said Thursday. Rosengren, in remarks for delivery to Marquette University, warned that excessive leverage has magnified the current downturn and poses a threat of additional job losses. “The increased […]
ECB’S MERSCH: SUSTAINED EU FISCAL STIMULUS REQUIRES TREATY CHANGE
By Laurie Laird LONDON (MaceNews) – A top European central banker praised the eurozone’s fiscal response to the Covid-induced economic downturn but warned that further stimulus would most likely require a legal change to the roles of European institutions. Far from establishing a precedent for further fiscal integration, the European Commission’s €750 million fiscal package […]
DATA FLASH: US INITIAL CLAIMS SLIP FURTHER, BUT NOT VERY QUICKLY
-Initial Claims -9,000 to 840,000; 4-Wk Average Has 10th Straight Decline By Kevin Kastner WASHINGTON (MaceNews) – Initial claims fell by 9,000 in the October 3 week to a level of 840,000, above expectations for a level of 819,000, the Labor Department reported Thursday. While any decline is welcomed, the tight range in which initial claims […]
BANK OF CANADA’S MACKLEM: RESUMPTION OF PAYMENTS ‘GOING WELL’ AS DEFERRALS EXPIRE
NEW YORK (MaceNews) – So far, so good is the message from Bank of Canada Governor Tiff Macklem Thursday as Canadian borrowers resume loan payments deferred during the pandemic. Still, the BOC will watch closely to see how well households and businesses cope with expiring loan deferrals and will also monitor whether excessive debt is […]