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The Producer Price Index, which measures wholesale prices, rose 0.5% in April, more than the expected increase of 0.3%. Core PPI, which excludes volatile food and energy prices, also increased by 0.5% compared to an estimated 0.2%. On a yearly basis, wholesale inflation rose over 2% in April, the biggest gain in a year. Services prices drove much of the wholesale inflation, and portfolio management costs increased sharply. Energy prices rose led by a jump in gasoline costs, while food prices declined. Hotter-than-expected inflation raises doubts about the Fed's ability to cut rates soon to achieve its 2% target.
Hotter-than-Expected Prices Raise Rate Cut Doubts as Prices Rise Over 2% in April
⏲ 0:41 👁 1.2M
CNBC Television
We don't see weakness in the consumer, says Oakmark's Nygren
⏲ 3 minutes 1 second 👁 1.2K
T3 Live
#630club with Scott Redler - Stock Market Analysis
⏲ 17 minutes 42 seconds 👁 166
The Consumer Price Index rose 0.3% in April, slightly below economists' expectations. Inflation was 3.4% annually in April, in line with forecasts. Core inflation, which excludes volatile food and energy prices, rose 0.3% month-over-month and 3.6% year-over-year in April. Shelter costs increased 0.4% in April and were up 5.5% from a year ago. Energy prices rose 1.1% in April and were up 2.6% annually, while food prices were flat monthly. Used and new vehicle prices declined in April. Inflation remains above the Fed's 2% target, but signs of easing could allow them to pause rate hikes until more data is available in 2024.
Consumer Price Index Rises 0.3% in April, Slightly Below Expectations
⏲ 0:48 👁 840K
TheChartGuys
Pre-Market Prep| MONDAYMarket Prep Show | May 20, 2024
⏲ 24 minutes 55 seconds 👁 173
CNBC Television
Nvidia to report earnings this week: Here's what you need to know
⏲ 4 minutes 52 seconds 👁 2.8K
Unang Balita is the news segment of GMA Network's daily morning program, Unang Hirit. It's anchored by Arnold Clavio, Susan Enriquez, Ivan Mayrina, and Mariz Umali, and airs on GMA-7 Mondays to Fridays at 5:30 AM (PHL Time). For more videos from Unang Balita, visit http://www.gmanetwork.com/unangbalita.<br/><br/>#GMAIntegratedNews #KapusoStream<br/><br/>Breaking news and stories from the Philippines and abroad:<br/>GMA Integrated News Portal: http://www.gmanews.tv<br/>Facebook: http://www.facebook.com/gmanews<br/>TikTok: https://www.tiktok.com/@gmanews<br/>Twitter: http://www.twitter.com/gmanews<br/>Instagram: http://www.instagram.com/gmanews<br/><br/>GMA Network Kapuso programs on GMA Pinoy TV: https://gmapinoytv.com/subscribe
Halos 40 lugar sa bansa, posibleng makaranas ng danger level na heat index ngayong araw - Weather update today as of 6:01 a.m. (May 15, 2024) | UB
⏲ 2:9 👁 2M
CNBC Television
KKR's Henry McVey: We are seeing a surge in productivity, and it's not AI-driven
⏲ 4 minutes 22 seconds 👁 373
CNBC Television
JPMorgan is well diversified, says Gabelli Funds' Macrae Sykes
⏲ 3 minutes 33 seconds 👁 163
Over 100 active wildfires are burning in Canada, with smoke drifting into the United States and prompting an air quality alert in Minnesota. Most active fires are located in the Canadian provinces of British Columbia and Alberta. Wildfire smoke has reached states from Montana to Wisconsin but especially impacts northern Minnesota, where the Air Quality Index has reached unhealthy and very unhealthy levels. A 2023 study found wildfire smoke could bring major health risks to 125 million Americans by mid-century due to climate change.
Smoke Engulfs Northern US States as Over 100 Wildfires Ravage Canada
⏲ 0:37 👁 345K
ABC Malayalam News
അഞ്ചാംഘട്ടത്തിലും BJP മുന്നിൽFAKRUDEEN ALI | JOHN RICHARD | ABC CHAT
⏲ 10 minutes 12 seconds 👁 14.6K
CNBC Television
Fed just can't wait to cut interest rates, says Sri-Kumar Global Strategies president
⏲ 4 minutes 30 seconds 👁 1.9K
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