NewsWatch: U.S. wholesale inflation sinks in February on lower oil prices as coronavirus hinders travel

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The wholesale cost of U.S. goods and services posted the biggest decline in February in five years, reflecting a large drop in oil prices likely tied to disruptions in global travel due to the coronavirus. The producer price index sank 0.6% last month. See full story.

Fed’s Mester calls for more fiscal support to ward off ‘dire scenarios’ facing U.S. economy

Loretta Mester, the president of the Cleveland Fed, on Tuesday said Congress needed to spend more money to ward off the ‘dire scenarios’ the economy is facing. See full story.

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Dr. Anthony Fauci responds to rebuke by Rand Paul: ‘I give advice according to the best scientific evidence’

Fauci was challenged by Paul, a Kentucky Republican who had been a vocal advocate of reopening businesses now. See full story.

Social Security recipients may be in for a rude awakening later this year

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Deferred or forgiven payments, 0% financing, home delivery are some strategies to help keep the fragile auto industry afloat See full story.

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