Prices reached their lowest level in five months
The Fed's latest policy meeting coincided with an anxiety-ridden election week
The Fed's upcoming policy meeting will occur against a tumultuous backdrop
Renewed Covid-19 outbreaks are expected to weigh on demand
Americans have been spending freely on goods while cutting back sharply on purchases in the service sector
Economy is slowing again as coronavirus surges
If true, the economic contraction would be the worst annual plunge since the Great Depression
Lack of further economic aid from the government could spell disaster
A big rebound is expected in the third quarter
Both officials stressed that major sectors of the economy are still suffering