CPI Declines in March for the First Monthly Decline Since January 2015
The Consumer Price Index (CPI) declined 0.4 percent in March, “the largest monthly decline since January 2015”. CPI is “based on prices of food,...
Read moreFederal Reserve to Provide Additional $2.3 Trillion in Loans
The Federal Reserve will “provide up to $2.3 trillion in loans to support the economy.” This funding will aim to support the Small Business...
Read moreTrade Deficit with China Decreases $4 Billion in February
The Bureau of Economic Analysis has reported the trade deficit with China decreased $4.0 billion in February. Back in January, the U.S. and China...
Read morePhase Two Coronavirus Bill Estimated to Increase Federal Budget Deficit by $192 Billion
New estimates from the Congressional Budget Office (CBO) reveal “that the Families First Coronavirus Response Act will increase federal deficits by $192 billion”. Congress’...
Read more3.28 Million in U.S. Apply for Unemployment in Last Week
In the last week, 3,283,000 Americans have applied for unemployment, an increase of 3,000,000 from the week before. This marks the highest level of...
Read moreTax Day Postponed til July 15
U.S. Secretary of the Treasury Steven Mnuchin announced today the government is moving Tax Day from April 15 to July 15. “All taxpayers and...
Read moreU.S. to Announce Direct Cash Payment to Americans in Response to Coronavirus
Secretary of the Treasury Steven Mnuchin has announced a “stimulus package to the American worker” is in progress, with the goal of “sending checks...
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