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  • Wed, Nov 25 2020
  • 4:06 PM » Fed weighed adjusting bond purchases to provide more help to economy 'fairly soon,' minutes show - CNBC
    Published Wed, Nov 25 2020 4:06 PM by news.google.com
    Fed weighed adjusting bond purchases to provide more help to economy 'fairly soon,' minutes show    CNBC Boston Fed issues guidance for lenders on end of Main Street program    Economic Times U.S. stocks dip after Fed minutes show no immediate change to asset-purchase plan    MarketWatch The market is looking for clues from the Fed on whether it will adjust bond buying    CNBC Minutes of the Federal Open Market Committee    Forex Factory View Full Coverage on Google News
    Click Here to Read the Full Article

    Source: news.google.com
  • 2:26 PM » Fed releases minutes from November meeting
    Published Wed, Nov 25 2020 2:26 PM by CNBC
    Officials at the meeting voted to keep benchmark short-term borrowing rates anchored near zero.
  • 2:03 PM » Fed Minutes: Full Text
    Published Wed, Nov 25 2020 2:03 PM by Federal Reserve
    Developments in Financial Markets and Open Market Operations
    Click Here to Read the Full Article

    Source: Federal Reserve
  • 12:55 PM » The CDC is expected to shorten Covid quarantine time, something most everyone seems to agree on
    Published Wed, Nov 25 2020 12:55 PM by CNBC
    "I mean, frankly we probably should have done this sooner," Dr. Scott Gottlieb, the former U.S. Food and Drug Administration commissioner, told CNBC.
  • 10:38 AM » Buying a home: Why it's harder for younger generations than their parents
    Published Wed, Nov 25 2020 10:38 AM by CNBC
    A report by the Urban Institute estimates 3.4 millennials would be homeowners had the rate of homeownership kept up with previous generations.
  • 10:32 AM » Yellen would need Congress to approve use of clawed-back Fed loan funds, Treasury says
    Published Wed, Nov 25 2020 10:32 AM by news.google.com
    Yellen would need Congress to approve use of clawed-back Fed loan funds, Treasury says    Reuters Mnuchin Plans to Put $455 Billion Beyond Yellen's Easy Reach    Bloomberg If Congress doesn't act, a lot of damage will be done between now and February: Fmr. Treasury Sec.    CNBC Television Janet Yellen will champion Main Street, not Wall Street    USA TODAY Janet Yellen is the treasury secretary we need right now    The Washington Post View Full Coverage on Google News
    Click Here to Read the Full Article

    Source: news.google.com
  • 10:31 AM » Personal Income decreased 0.7% in October, Spending increased 0.5%
    Published Wed, Nov 25 2020 10:31 AM by Calculated Risk Blog
    The BEA released the Personal Income and Outlays report for October: Personal income decreased $130.1 billion (0.7 percent) in October according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) decreased $134.8 billion (0.8 percent) and personal consumption expenditures (PCE) increased $70.9 billion (0.5 percent) . Real DPI decreased 0.8 percent in October and Real PCE increased 0.5 percent. The PCE price index was unchanged from September. The PCE price index excluding food and energy was also unchanged. emphasis added The October PCE price index increased 1.2 percent year-over-year and the October PCE price index, excluding food and energy, increased 1.4 percent year-over-year. The following graph shows real Personal Consumption Expenditures (PCE) through October 2020 (2012 dollars). Note that the y-axis doesn't start at zero to better show the change . Click on graph for larger image. The dashed red lines are the quarterly levels for real PCE. Personal income was much lower than expected,  and the increase in PCE was above expectations. Note the red line for Q3 (the quarterly level of PCE).   This was 3.3% below the Q4 2019 level for PCE. Also note: If real PCE in November and December are just at the same level as in October, PCE will increase at a 6% annual rate in Q4.   
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 9:11 AM » Q3 GDP Growth Unchanged at 33.1% Annual Rate
    Published Wed, Nov 25 2020 9:11 AM by Calculated Risk Blog
    From the BEA: Gross Domestic Product, Third Quarter 2020 (Second Estimate); Corporate Profits, Third Quarter 2020 (Preliminary Estimate) Real gross domestic product (GDP) increased at an annual rate of 33.1 percent in the third quarter of 2020 , according to the "second" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP decreased 31.4 percent. The GDP estimate released today is based on more complete source data than were available for the "advance" estimate issued last month that also showed an increase in real GDP of 33.1 percent. With the second estimate, upward revisions to nonresidential fixed investment, residential investment, and exports were offset by downward revisions to state and local government spending, private inventory investment, and personal consumption expenditures (PCE). Imports, which are a subtraction in the calculation of GDP, were revised up emphasis added Here is a Comparison of Second and Advance Estimates . PCE growth was revised down slightly to 40.6% from 40.7%. Residential investment was revised up from 59.3% to 62.3%. This was at the consensus forecast.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 9:11 AM » Covid cases are exploding across U.S. and Thanksgiving could be an 'accelerator event'
    Published Wed, Nov 25 2020 9:11 AM by CNBC
    "I'm not scared for the day itself, but for what's going to happen, two, three, and four weeks later," Dr. Megan Ranney, an emergency physician in Rhode Island, said.
  • 8:34 AM » U.S. weekly jobless claims total 778,000, vs 733,000 estimate
    Published Wed, Nov 25 2020 8:34 AM by CNBC
    U.S. weekly jobless claims total 778,000, vs 733,000 estimate<br/>https://www.cnbc.com/2020/11/25/us-weekly-jobless-claims.html
  • 8:08 AM » What a Treasury Secretary Janet Yellen would mean for markets
    Published Wed, Nov 25 2020 8:08 AM by news.google.com
    What a Treasury Secretary Janet Yellen would mean for markets    Yahoo Finance Fmr. Fed Governor Raskin says Yellen is a great pick, she'll remain committed to stimulus    CNBC Television Dow Rallies 500 Points and Hits 30,000 for the First Time    TheStreet Former Fed Chair Yellen Makes Great Treasury Pick in Era of Coordination    Bloomberg The pressing urgency of more US fiscal relief    Financial Times View Full Coverage on Google News
    Click Here to Read the Full Article

    Source: news.google.com
  • 8:07 AM » The market is looking for clues from the Fed on whether it will adjust bond buying
    Published Wed, Nov 25 2020 8:07 AM by CNBC
    The Fed could provide clues about whether it intends to change its bond buying program when it releases its minutes Wednesday.
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