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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
Fox Business
Kevin O'Leary: Any incumbent facing inflation is never good in the polls
⏲ 6 minutes 15 seconds 👁 16.4K
Doctors' Circle World's Largest Health Platform
Pregnancy test after IVF Embryo Transfer - Dr.Gouri Gupta of Cloudnine Hospitals | Doctors' Circle
⏲ 1 minute 55 seconds 👁 115.1K
Credit Card Delinquencies , Are on the Rise.<br/>New York Federal Reserve data that was published on May 15 shows that credit card delinquencies kept rising from January to March, Fox Business reports. .<br/>In Q1 2024, delinquencies reached <br/>8.9% at an annualized rate.<br/>America hasn't seen this high of a <br/>percentage of serious credit card <br/>delinquencies since 2012, Fox News reports. .<br/>In the first quarter of 2024, credit <br/>card and auto loan transition rates <br/>into serious delinquency continued <br/>to rise across all age groups, Joelle Scally, regional economic principal within the Household and <br/>Public Policy Research Division at the New York Fed, via Fox Business.<br/>An increasing number of borrowers <br/>missed credit card payments, <br/>revealing worsening financial <br/>distress among some households, Joelle Scally, regional economic principal within the Household and <br/>Public Policy Research Division at the New York Fed, via Fox Business.<br/>Researchers aren't sure why delinquencies <br/>are so high since the unemployment rate <br/>is low, but they have a few theories.<br/>One of those theories is that consumers drained savings throughout the pandemic <br/>but continue to spend at high levels.<br/>Another theory is that some Americans switched to jobs with lower salaries.<br/>Additionally, credit card eligibility may have been expanded for many whose student debt wasn't being reported to credit bureaus amid the pandemic.<br/>These are all kinds of complex issues. <br/>We don't exactly know what's behind the <br/>increase of these delinquency rates. But it's <br/>definitely something that we're tracking, New York Fed researchers, via Fox Business.<br/>The average annual percentage rate for <br/>credit cards hit a record of 20.72% recently.
Credit Card Delinquencies Are on the Rise
⏲ 1:31 👁 32.9M
International Menopause Society
Understanding bone densitometry
⏲ 1 hour 23 minutes 18 seconds 👁 8.8K
Children's Hospital Colorado
Bone Growth and Limb Deformities
⏲ 3 minutes 45 seconds 👁 815.9K
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
Neal Hallinan
Why You Have to Breathe with Your Left Diaphragm (and why sensory confusion prevents it).
⏲ 18 minutes 32 seconds 👁 21.6K
Fox News
USMC base breach was more 'bad optics' for Biden admin: Ex-DHS official
⏲ 7 minutes 34 seconds 👁 26.8K
What do food hygiene ratings represent, and how have the numbers of zero-rated businesses changed recently?
Food hygiene ratings: What do they mean for customers?
⏲ 2:0 👁 3.1M
Bank Negara Malaysia’s (BNM) initiatives have helped alleviate pressure on the ringgit, leading to a 0.5 percent appreciation of the local currency on a nominal effective exchange rate (NEER) basis, said the central bank’s governor.<br/><br/>Datuk Abdul Rasheed Ghaffour, speaking at a press conference on Friday (May 17) during the announcement of the first quarter 2024 gross domestic product figures, noted that from the beginning of the year until May 15 this year, the ringgit had depreciated by 2.4 percent against the US dollar,in line with the movements of other regional currencies.  <br/><br/>Read more at https://tinyurl.com/3kexwe38<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline
BNM's initiatives help cushion pressure on the ringgit, says its governor
⏲ 7:7 👁 1.3M
One Mother from Sevenoaks is now considering other options as she says the reliability of the service doesn't justify the 22% increase, whilst the council says it's to combat inflationary pressures.
Parents anger as Kent school bus fares could rise above inflation rate
⏲ 2:52 👁 14.1M
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