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All Techs No inflation despite the new money from the FED being funneled to the stock market
EURUSD News
by Allie Longford
on 10:03 June 10, 2020
EST
The truth is that if money does not circulate, no matter how much the monetary base is increased deflation is ensured.
U.S. consumer prices dropped in May for a third month as the coronavirus recession continued to depress demand.
The consumer price index fell 0.1% from the prior month after a 0.8% drop in April that was the largest since 2008, Labor Department figures showed Wednesday. The gauge increased 0.1% from a year earlier following a 0.3% gain in the year through April.
The third month of falling prices could spur concern about the risk of deflation as the U.S. economy begins recovering from the Covid-19 recession.