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Price stability must be maintained even as steps to boost demand are taken The latest retail inflation and industrial output data from the National Statistical Office (NSO) offer some relief from the pall of gloom cast by the relentless second wave of the COVID-19 pandemic. Provisional headline inflation slowed to a three-month low of 4.29% in April, helped by softer food prices and a statistical base effect. The rate using an imputed index for the year-earlier period was 7.22%. A separate NSO release showed March industrial output jumped by 22.4%, benefiting again from the fact that the Ind...

And say these votes were nothing more than a classic game of senate politics, shep. >> shepard: rich, what's the latest on the president's tax cut plan? >> well, it's stuck. senate republicans say they are waiting for democrats to produce a written proposal. and even if they do, it may not pass the senate and will not pass the house. republics want to maintain current rates for all federal taxpayers for one more year to give congress time to overall overhaul the tax code. serious discussions to resolve this looming tax hike will likely begin after the election. shep? >> shepard: rich edson in ...