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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Fed’s Evans: Fed Can’t Make Workplaces Safe

Chicago Federal Reserve president Charles Evans, hosting a virtual roundtable for news media, said that while the second-quarter gross domestic product was the worst on record, declining at an annualised rate of 32.9 percent, with about 18 million unemployed workers, some improvement was seen in May and June as many states eased their lockdown restrictions. […]
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Fed’s Bullard: US Recovery Slowed in July; Ups, Downs Ahead

The US economy slowed in July after surprising to the upside in May and June as it bounced back from its low in April. St Louis Fed president James Bullard said Monday. Bullard, in webinar remarks at an event hosted by the St Louis Fed’s Memphis branch, repeated that he expects the economy to stabilise […]
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US Manufacturing Climbed Further in July

June Construction Spending Falls on Home Building The July ISM index showed US manufacturing sector activity progressed further, as suggested by the Markit estimate and most of the regional data. Survey respondents in the ISM report noted that while some issues remain, there was considerable improvement in July after the index finally regained its footing […]
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Watch List for the Week of August 3

Phase 4 Talks, Trump Ads, School Advice Switch, DJIA/Nasdaq Divergence The following are Monday’s notable US events and developments worth watching in the days ahead: White House/GOP Senate/Dem House talks to the next virus response legislation approaching crunch time later in week, coming up against August 8 summer recess deadline set by Senate. Members of […]
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Another Day, Another 1,000 US Virus Deaths

The following is Friday’s status check of developments in the US that can influence economic, health and political outcomes from Mace News:: Hours of testimony by the nation’s pandemic experts before the House virus oversight committee Friday should have updated the nation with a factual treasure trove of information but instead was mostly a politicised […]
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COVID-19 Resurgence to be Weighed in July Data

The coming week’s July data will be scrutinised for any early effects of the COVID-19 resurgence, with the highlight of the week being Friday’s monthly employment report. The combined 7.5 million payrolls gain in May and June only began to scratch the surface of offsetting the 22.2 million total decline seen in the first two […]
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US Personal Income Drops as Stimulus Winds Down

US Personal income fell further in June after a large May decline, again reflecting the pullback from the stimulus surge in April. At the same time, consumer spending rose solidly in each of the last two months due to business re-openings, but not enough to offset the sharp April decline the Commerce Department reported Friday. […]
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Status Check: No Good News for Virus, GDP, Jobs; Trump Distracts

The following is Thursday’s status check of developments in the US that can influence economic, health and political outcomes: Thursday’s welter of policy countercurrents, paralysis and confusion about ominous suggestions from the president was in contrast to the stark facts about the virus that stood out in sharp relief, that there were 1,400 US deaths, […]
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Status Check: No Happy Talk from Powell: Virus Stats Grim

The following is Wednesday’s status check of developments in the US that can influence economic, health and political outcomes: The VIX mood ring turned a more mellow shade Wednesday, improving a notable 5.27% to settle at 24.10 by day’s end. US stocks finished the day’s session +0.61% or 160.29 points, and in early after hours […]
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