Day: 10 April 2020

US March CPI Falls 0.4% on Energy Drop

Travel Restrictions Slash Prices for Hotels, Airline Fares; Consumer Inflation Remains Tame, Food Prices Up on Grocery Shopping Consumer prices fell more than expected in March, with a plunge in energy prices the main factor due to falling oil prices and a reduced demand for gasoline due to telecommuting and social distancing. There were also […]

White House Watch: ‘Inadequate’ vs ‘Non-Existent’

Numbers, graphs, plaintive accounts from hospitals and communities, bereaved relatives – the worst week so far goes on and there’s no way to sugarcoat it. New cases are leveling off, but past infections keep leading to deaths now in numbers never seen before. The medical experts hope deaths are getting close to peaking. They hope […]

Fed’s Powell Warns Against ‘False Starts’

Federal Reserve Chair Jay Powell Thursday explained more about how the central bank is remaking itself to keep intact the structure of an enfeebled economy and he joined the chorus of voices warning against returning to work too soon. “Many of the programs that we’re undertaking to support the flow of credit rely on emergency […]