Economy in Brief: March 2020

Less travel helped lower retail gasoline prices to $2.25 per gallon (-11.8% y/y) in the week ended March 16 versus $2.38 per gallon in the previous week. Prices remained below an early-May peak of $2.90 per gallon. Haver Analytics [...]

Less travel helped lower retail gasoline prices to $2.25 per gallon (-11.8% y/y) in the week ended March 16 versus $2.38 per gallon in the previous week. Prices remained below an early-May peak of $2.90 per gallon. Haver Analytics [...]

Less travel helped lower retail gasoline prices to $2.25 per gallon (-11.8% y/y) in the week ended March 16 versus $2.38 per gallon in the previous week. Prices remained below an early-May peak of $2.90 per gallon. Haver Analytics [...]

Less travel helped lower retail gasoline prices to $2.25 per gallon (-11.8% y/y) in the week ended March 16 versus $2.38 per gallon in the previous week. Prices remained below an early-May peak of $2.90 per gallon. Haver Analytics [...]

Less travel helped lower retail gasoline prices to $2.25 per gallon (-11.8% y/y) in the week ended March 16 versus $2.38 per gallon in the previous week. Prices remained below an early-May peak of $2.90 per gallon. Haver Analytics [...]

Italian inflation is low and falling. The HICP was up by 0.4% year-over-year in January to 0.2% over 12 months in February. The month-to-month change in February saw a drop of 0.2% after a flat performance in January. Italy, once one [...]

The Empire State Manufacturing Index of General Business Conditions fell to -21.5 during March from 12.9 in February. It was the weakest reading since March 2009. A level of 5.0 had been expected in the Action Economics Forecast [...]

The Federal Reserve lowered the target for the Fed Funds rate by 100 basis points to a range of 0.00% to 0.25%. In the Fed's press release, it stated "The coronavirus outbreak has harmed communities and disrupted economic activity in [...]