Tag: US economy

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 […]

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. […]

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 […]

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 […]

US Confidence Plunges on COVID Rebound

The Conference Board’s US consumer confidence index fell to a reading of 92.6 in July from an upward revised 98.3 reading in June, with concerns about the resurgence of COVID-19 cases cited by Conference Board. Analysts had expected the July index to fall to 95.7 from the originally reported 98.1 reading in June. The index […]

Status Check: FOMC; The Shadow Virus Task Force: As Goes Baseball…

A round up of events and a check on developments in the US that may influence economic, health and political outcomes from Mace News. The VIX improving by a large amount, 4.28%, to 24.74, backgrounded a mildly positive day for US stocks, with the DJIA +0.43%/+114.88; S&P +0.74%/+23.78 and the Nasdaq +1.67%/+173.09. After-hours futures were […]