BANK OF ENGLAND’S CHIEF ECONOMIST PREDICTS PERMANENT SCARRING TO THE LABOUR MARKET
By Laurie Laird LONDON (MaceNews) – The UK labour market could suffer permanent scarring as a result of the coronavirus, according to a top central banker. “There’s a good chance that coronavirus will” accelerate a shift toward knowledge-based digital industries that was already in train before the pandemic ravaged the economy, Bank of England Chief […]
DATA FLASH: US INITIAL CLAIMS IN TIGHT RANGE; NEW HOME SALES SURGE
–Initial Claims Rise By 4,000 to 870,000; 4-Week Average Declines Further–New Home Sales Up 4.8% to 1.011 Million SAAR in Aug, High Since 2006 By Kevin Kastner WASHINGTON (MaceNews) – Initial claims rose by 4,000 in the September 19 week to a level of 870,000, below the 880,000 level expected and within the same narrow range […]
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 […]
THURSDAY WHITE HOUSE SCHEDULE
WASHINGTON (MaceNews) – The following is Thursday’s public White House schedule: DAILY GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, SEPTEMBER 24, 2020 EDT 8:30AM In-House Pool Call Time 1:35PM Out-of-Town Pool Call Time 9:45AM THE PRESIDENT and THE FIRST LADY depart the White House en route to the Supreme Court of the United States South Portico In-Town Travel Pool 9:55AM THE PRESIDENT and […]
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 […]
WEDNESDAY WHITE HOUSE SCHEDULE
WASHINGTON (MaceNews) – The following is Wednesday’s public White House schedule: DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, SEPTEMBER 23, 2020 EDT 9:00AM In-House Pool Call Time 11:00AM THE PRESIDENT delivers remarks in honor of Bay of Pigs Veterans East Room In-House Pool 3:00PM THE PRESIDENT participates in a discussion with State Attorneys General on Protecting Consumers from Social Media […]
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, […]
DATA FLASH: U.S. EXISTING HOME SALES HIGHEST SINCE HOUSING BOOM
–Existing Home Sales Rise by 2.4% to a 6.00 Million Rate By Kevin Kastner WASHINGTON (MaceNews) – U.S. existing home sales rose further in August due to near record low mortgage rates, cutting into supply and driving prices up further. National Association of Realtors Chief Economist Lawrence Yun said that housing appears to be in […]
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 […]