_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 mattress price online 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
_best-bed-in-a-box-purple-vs-casper-vs-leesa-vs-nectar-vs-puffy.webp "The Slumber Yard")
_game-pass-is-reportedly-set-to-receive-a-price-increase.webp "Xbox Game Pass is reportedly set to see a price increase as Microsoft look to rework the subscription tiers.")
_best-mattress-under-36300-top-5-affordable-beds-must-watch.webp "The Slumber Yard")
_you-can-sell-these-for-3620-on-ebay.webp "Rachel Strickland")
_incredible-amounts-of-brown-goo-came-out-of-this-mattress-during-the-wash-you-will-be-very-surprised.webp "change cleaning services center")
Incredible Amounts Of Brown Goo Came Out Of This Mattress During The Wash You Will Be Very Surprised
⏲ 18 minutes 50 seconds 👁 4.6K
_does-dollar-tree-have-any-healthy-food.webp "Bobby Parrish")
_shopify-stock-plummets-19-as-slower-sales-growth-forecasted-for-q2shopify-drops-19.webp "Shopify's stock price fell 19% after the company forecast slower sales growth for the second-quarter, down from previous quarters. Adjusting for the sale of its logistics business. Shopify indicated that the sale of its logistics business to Flexport would impact its future financial projections. Chief Financial Officer Jeff Hoffmeister noted that a strong U.S. dollar and weaker consumer spending in Europe, particularly in the United Kingdom, are also expected to affect the company's forward guidance. Shopify reported first-quarter revenue growth of 29%, the fourth quarter in a row exceeding 25% growth.")
_nectar-mattress-review-30-day-test.webp "Freakin' Reviews")
_best-bed-in-a-box-purple-vs-casper-vs-leesa-vs-nectar-vs-puffy.jpg)
_game-pass-is-reportedly-set-to-receive-a-price-increase.jpg)
_best-mattress-under-36300-top-5-affordable-beds-must-watch.jpg)
_you-can-sell-these-for-3620-on-ebay.jpg)
_incredible-amounts-of-brown-goo-came-out-of-this-mattress-during-the-wash-you-will-be-very-surprised.jpg)
_does-dollar-tree-have-any-healthy-food.jpg)
_shopify-stock-plummets-19-as-slower-sales-growth-forecasted-for-q2shopify-drops-19.jpg)
_nectar-mattress-review-30-day-test.jpg)
![[+]](/images/menu.gif){kind=small}