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CPI BLS released the consumer price index last week showing the all-urban CPI was down 0.4 percent in March 2020, on a seasonally adjusted basis, the largest decrease since January 2015. This main driver was a 5.8 decline in the energy index, specifically gasoline (all types) which was down 10.5 percent. Other contributing sectors include...

 We’ll have a recap of the March trade flows for you next month. Total U.S. scrap exports were up 6.6% by volume year-on-year during Jan-Feb 2020 to just over 6 million metric tons; But that’s almost entirely due to the spike in ferrous scrap exports (+45% YTD) that went to a number of countries, in...

January seems like a long time ago. All the news was about politics. Most of us had never heard the term “social distancing” much less imagined we would be shutting down everything from restaurants to weddings, graduations, and sports seasons.  The stress and uncertainty can certainly take their toll. The American Red Cross recently put...

In London, LME 3-mo. copper was trading higher around $4,880/mt this morning, in-line with COMEX copper’s rise to around $2.21 per pound. Gold futures advanced more than 1% early this morning to around $1,665 per troy ounce. In equities trading, stocks advanced at the major European bourses today, with the Stoxx 600 up nearly 3...

Other U.S. releases out this week will cover job openings and labor turnover in February, producer prices in March, and the preliminary reading on consumer sentiment in April, which is expected to drop significantly. On the monetary policy front, investors will be paying attention to the release of the minutes of the last FOMC and...