_hotter-than-expected-prices-raise-rate-cut-doubts-as-prices-rise-over-2-in-april.jpg "Hotter-than-Expected Prices Raise Rate Cut Doubts as Prices Rise Over 2% in April from mcd price targets raised Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:41
👁 View: 1.2M times
✓ Published: 15-May-2024
👁 View: 1.2M times
✓ Published: 15-May-2024
Description:
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.
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.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_comcast-to-bundle-peacock-netflix-and-apple-tv.webp "Comcast to Bundle , Peacock, Netflix and Apple TV+.<br/>On May 13, Comcast chief Brian Roberts announced the company's newest bundle, StreamSaver, NBC News reports. .<br/>Peacock, Netflix and Apple TV+ will be <br/>included in the bundle \")
_fed-to-raise-its-2-inflation-target-seismic-re-pricing-across-all-asset-classes-coming-mcdonald.webp "Kitco NEWS")
⏲ 1 hour 9 minutes 36 seconds 👁 56.9K
_mcdonalds-hikes-menu-prices-to-offset-rising-operational-costs.webp "Yahoo Finance")
_california-residents-shocked-over-mcdonalds-skyrocketing-prices-after-3620-hr-minimum-wage-increase.webp "Black Conservative Perspective")
⏲ 17 minutes 1 second 👁 355.8K
_mcdonald39s-fast-food-chains-respond-to-backlash-over-rising-prices.webp "TODAY")
_streaming-sucks-now-ads-bundles-price.webp "With higher prices, more ads, and unwanted bundling it really seems like streaming is becoming dangerously like cable. Last year alone, all of the major names in streaming — Netflix, Hulu, Disney Plus, Max, Apple TV Plus, Paramount Plus, and Peacock — have raised their prices. This all leads to one big question: is there an end in sight to this streaming hellscape?")
_3-stock-target-price-amp-analysis-mcdonalds-coca-cola-southwest.webp "Everything Money")
_comcast-to-bundle-peacock-netflix-and-apple-tv.jpg)
_fed-to-raise-its-2-inflation-target-seismic-re-pricing-across-all-asset-classes-coming-mcdonald.jpg)
_mcdonalds-hikes-menu-prices-to-offset-rising-operational-costs.jpg)
_california-residents-shocked-over-mcdonalds-skyrocketing-prices-after-3620-hr-minimum-wage-increase.jpg)
_mcdonald39s-fast-food-chains-respond-to-backlash-over-rising-prices.jpg)
_streaming-sucks-now-ads-bundles-price.jpg)
_3-stock-target-price-amp-analysis-mcdonalds-coca-cola-southwest.jpg)
![[+]](/images/menu.gif){kind=small}