As we reported on Friday morning, in a surprise announcement the Fed revealed under its "Government in the Sunshine" protocol that it would hold a closed meeting under expedited procedures in which it would review the "advance and discount rates to be charged by Federal Reserve Banks." The last time such a meeting took place was less than a month before the Fed hiked rates for the first time in years.
Submitted by John Rubino via DollarCollapse.com,
After three decades of epic deficit spending and three years of extraordinary money creation, Japan’s economy is enjoying a rollicking inflationary boom. Just kidding. Exactly the opposite is happening:
Japan households’ inflation expectations hit three-year low – BOJ
As The National Federation of Independent Business explains, the Small Business Economic Trends report shows that in March, small business owners felt less optimistic about the economy. The index declined by 0.3 points to 92.6, its lowest monthly reading in two years.
Remember, the stock market is not the economy... Collaping retail sales, soaring inventory-to-sales ratiosm and entirely fictitious China trade data...
Can mean only one thing...
By EconMatters
Strong Gasoline Demand and another drop in U.S. Oil Production were both positives in the EIA Summary Report. Overall, for this time of year, a pretty healthy Inventory Report as we are still technically in the building season. If imports came in similar to last week`s report and refineries pushed more Gasoline through the system, we would have had a drawdown in Oil Stocks.