U.S. Economic News
April 9, 2021
U.S. Economic Indicators
The headline Producer Price Index (“PPI”) for final demand rose 1.0% in March and is up 4.2% year-over-year, the largest yearly increase since September 2011. The core – which removes the volatile prices of food, energy, and trade services – rose 0.6% in March and is up 3.1% year-over-year. BLS Report
U.S. News
The New York Times reports that Federal Reserve chair Jerome Powell emphasized that controlling the coronavirus pandemic in all nations, not just advanced economies, will be key to overall recovery and the global economic outlook. At an International Monetary Fund panel yesterday, Powell also highlighted the importance of investing in projects that will improve the inclusiveness and long-term potential of the U.S. economy. NYT