Monthly archive April, 2020

With the coronavirus pandemic leading many factories to suspend operations late in the month, the Federal Reserve released a report on Wednesday showing the biggest monthly drop in U.S. industrial production in over seventy years in the month of March.Read More →

Homebuilder confidence in the U.S. saw a record monthly decline in the month of April, according to a report released by the National Association of Home Builders on Wednesday. The report said the NAHB/Wells Fargo Housing Market Index plummeted to Read More →

U.S. economic activity contracted sharply and abruptly across all regions as a result of the COVID-19 pandemic, the Federal Reserve's Beige Book said on Wednesday. The Beige Book, a compilation of anecdotal evidence on economic conditions in the twelve Fed Read More →

China's central bank reduced its medium-term borrowing cost on Wednesday, in an attempt to mitigate the downturn caused by the coronavirus pandemic. The People's Bank of China on Wednesday said it trimmed the one-year medium-term lending facility rate to 2.95 Read More →

Import prices in the U.S. showed a steep drop in the month of March, according to a report released by the Labor Department on Tuesday, while export prices also fell sharply. The Labor Department said import prices plunged by 2.3 Read More →

Despite the havoc being wreaked on the world by the coronavirus outbreak, Federal Reserve Chair Jerome Powell said Thursday he expects a "robust" economic recovery once the spread of the virus is under control. Powell noted in an online speech Read More →