Trump: “We’re Finally Having it Out”

The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes from Mace News: A long week about over and in an evening news conference the president of the United States says, “We’re having it out. We’re finally having it out.” He was talking about the Democrats, […]
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BoE Defends Forecasts as Agents Query Rosy Assumptions

Top Bank of England (BoE) officials Friday reiterated the downside risks to forecasts of a smart economic rebound under questioning from the central bank’s regional representatives about the its baseline forecasting assumptions. The central forecast released Thursday “is sensible”, albeit with “very substantial” downside risk, said Governor Andrew Bailey, addressing the Bank’s regional agents via […]
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US July Sales Data Key Test of Covid Resurgence

The US economy was on pace for a steady recovery until Covid-19 cases began to rise in July, triggering several states to reverse their reopening plans. While all sectors are impacted, there is none more so than the retail sector. Strong retail sales gains in May and June, following the large April decline, set the […]
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US July Payrolls Up 1.76 Mln, Unemployment 10.2%

The July employment report reflected continued improvement in the economy, but the rate at which the US is digging out the hole it fell into in March and April clearly slowed. That recovery is likely to be hindered further by the rebound in COVID-19 cases across several states, which forced some states and businesses back […]
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There Will Be Virus Relief Legislation

The following is Thursday’s status check of developments in the US that can influence economic, health and political outcomes from Mace News: Now at the top of the agenda, the negotiations that went another three hours, breaking up at a late hour in House Speaker Pelosi’s office on that legislation restoring some kind of enhanced […]
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US Initial Claims Decline, But Outlook Remains Unclear

As US Congress debates the fate of the extended jobless claims program, initial claims fell by 249,000 in the August 1 week to a level of 1.186 million, well below the 1.442 million level expected and the lowest weekly level since the start of COVID-19. The enhanced Federal unemployment payments of $600 per week ended […]
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And Another Thing…

The latest Spotlight Review from the FICC Market Standards Board got me thinking about the waning ethos of “consenting adults” in markets, as well as about a piece of industry infrastructure that could be very useful in monitoring activity in FX markets especially. The Review from FMSB looked at the use of machine learning in […]
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The In-Between World of Slowdown Rebound

The following is Wednesday’s status check of developments in the US that can influence economic, health and political outcomes, compiled by Mace News: Another day in that indeterminate area between slowdown and rebound, between the alternate universes with President Trump in his evening briefing in his world, the one in which the virus is being […]
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Muddled, Murky, but Weekend Virus Relief Success Expected

The following is Tuesday’s status check from Mace News of developments in the US that can influence economic, health and political outcomes: The general public, the markets, social service providers, food pantries and shelter providers were left reading between the lines Tuesday as they tried to decode the scant signals being sprinkled like bread crumbs […]
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US Treasury to Borrow $1 Trillion More, Maybe $2 Trillion

The following is Monday’s status check of developments in the US that can influence economic, health and political outcomes, collated by Mace News: Phase 4 or otherwise known as the next coronavirus relief legislation is slowly – very slowly – coming together on Capitol Hill, with two and a half hours of talks Monday ending […]
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