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UK Inflation Slowest Since 2016; Output Prices Turn Negative

turned negative for the first time since mid-2016 as the coronavirus lockdown has weighed on global oil prices, data from the Office for National Statistics showed Wednesday. Consumer price inflation eased to 0.8 percent in April from 1.5 percent in Read More →

Bailey Says Bank Of England Not Ruling Out Negative Interest Rates

Bank of England Governor Andrew Bailey said the UK central bank is currently reviewing all its tools and it would be foolish to rule out any one of them, including negative interest rates.Original Article Read More →

Fed Minutes Highlight Uncertainty, Risks Created By Coronavirus Pandemic

In addition to the severely adverse near-term effects of the coronavirus pandemic, the minutes of the Federal Reserve's latest monetary policy meeting noted the outbreak and the measures undertaken to contain it have also created an extraordinary amount of uncertainty Read More →

Japan March Core Machine Orders Ease 0.4%

Core machine orders in Japan slid a seasonally adjusted 0.4 percent on month in March, the Cabinet Office said on Wednesday - standing at 854.7 billion yen.Original Article Read More →

U.S. Jobless Claims Drop Less Than Expected, Top 36 Million Since Shutdown

While the Labor Department released a report on Thursday showing a continued decline in first-time claims for U.S. unemployment benefits in the week ended May 9th, the number of new claims still came in well above economist estimates.Original Article Read More →

U.S. Import And Export Prices Show Steep Drops In April

A report released by the Labor Department on Thursday showed steep drops in both import and export prices in the U.S. in the month of April. The Labor Department said import prices plunged by 2.6 percent in April after tumbling Read More →