CPI Declines in March for the First Monthly Decline Since January 2015The 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 more
Federal Reserve to Provide Additional $2.3 Trillion in LoansThe 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 more
Trade Deficit with China Decreases $4 Billion in FebruaryThe 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 more
Phase Two Coronavirus Bill Estimated to Increase Federal Budget Deficit by $192 BillionNew estimates from the Congressional Budget Office (CBO) reveal “that the Families First Coronavirus Response Act will increase federal deficits by $192 billion”. Congress’...Read more
3.28 Million in U.S. Apply for Unemployment in Last WeekIn 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 more
Tax Day Postponed til July 15U.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 more
U.S. to Announce Direct Cash Payment to Americans in Response to CoronavirusSecretary of the Treasury Steven Mnuchin has announced a “stimulus package to the American worker” is in progress, with the goal of “sending checks...Read more