U.S. Economic News
April 11, 2018
U.S. Economic Indicators
Consumer prices fell 0.1% in March (up 2.4% on the year). The “core” CPI, which excludes food and energy, increased 0.2% in February and is up 2.1% on the year. BLS Report
U.S. News
The Wall Street Journal reports that the White House is preparing an aid package for farmers harmed by potential tariffs on U.S. exports to China. The administration is reportedly examining past farm income-assistance programs such as the Commodity Credit Corp., which was formed to stabilize farm incomes during the deepest parts of the Great Depression. WSJ
Lingling Wei of the Wall Street Journal writes that Chinese President Xi Jinping offered to further open China’s markets to foreign businesses. President Xi promised that China would import more foreign goods, accelerate access to Chinese insurance and financial sectors, and offer greater protection for intellectual property. WSJ