Tag: US economy

US Data Preview: Stimulus Gridlock, COVID, Cuts into Confidence

The inability to pass new stimulus measures in the face of rising COVID-19 cases likely had a dampening effect on US consumer confidence in August, even as interest rates have hit rock-bottom, gasoline prices are low and with the US stock markets to a large extent having eclipsed their pre-COVID highs. When the University of […]

Fed’s Kaplan for “Restraint” in Doing More Monetary Stimulus

Dallas Federal Reserve Bank President Robert Kaplan says the Fed is “quite a ways” from considering raising interest rates, but advocated “restraint” in doing more to stimulate the economy. Although inflation has long run below the Fed’s 2% target, Kaplan said he is “cognisant” of the possibility that inflation could accelerate in coming years. He […]

Middle East Breakthrough: Virus Relief Stalemate

The following is Thursday’s status check of developments in the US that can influence economic, health and political outcomes from Mace News: An authentic though preliminary breakthrough; a third Arab country normalising relations with Israel. With the UAE’s agreement, Israel suspends its claims of sovereignty over the West Bank claimed by Palestinians for a future […]

Fed’s Rosengren: Slowdown Evident in High Frequency Data Likely to Continue

Signs of slowing evident in recent high-frequency data are likely to persist and states are not doing enough to control the virus, Boston Fed President Eric Rosengren said Wednesday. Rosengren, in remarks for delivery at an online event hosted by the South Shore Chamber of Commerce in Massachusetts, repeated the Fed’s message that the outlook […]

Trump Defers Payroll Tax, Extends Evictions Moratorium

Combining campaign promises with executive orders of questionable legality, President Trump Saturday said he is deferring payroll tax collections through the end of the year for pay of $100,00 or less and if re-elected, will “terminate” the tax. In his second televised appearance at his Bedminster golf resort within 24 hours, Trump signed four executive orders […]

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, […]

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 […]

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 […]

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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