The Producer Price Index, which tracks wholesale-level inflation, edged up to 2.1%, marking the biggest jump since April 2023.
Read More Inflation and Interest Rate Concerns Heighten as PPI and CPI Experience IncreasesTag: Alicia Summers
Inflation Rises More Than Expected, Posing Dilemma For Federal Reserve
Today, inflation rose again, surpassing expectations. The Bureau of Labor Statistics’ Consumer Price Index (CPI) underscores the ongoing challenge faced by the Federal Reserve in meeting its target goals of reducing inflation to 2%. Inflation increased by 3.5% compared to last March, marking a faster pace than February’s 3.2%.
Read More Inflation Rises More Than Expected, Posing Dilemma For Federal ReserveJobs Surge Amidst Part-Time Rise: A Snapshot of Today’s Economic Landscape
Today’s jobs report: 303,000 jobs added in March, unemployment down to 3.8%. However, decline in full-time jobs and rise in part-time positions noted.
Read More Jobs Surge Amidst Part-Time Rise: A Snapshot of Today’s Economic LandscapeConsumer Confidence Dips to 4-Month Low
Consumer confidence, out today, is at its lowest reading in 4 months. Confidence stands at 104.7 today compared to 104.8 in February.
Read More Consumer Confidence Dips to 4-Month LowNY Appeals Court Cuts Trump’s Bond to $175M, Trial In NY Hush Money Case is Set
A New York appeals court reduces former President Donald Trump’s bond from nearly half a billion dollars to $175 million, granting him 10 more days to pay.
Read More NY Appeals Court Cuts Trump’s Bond to $175M, Trial In NY Hush Money Case is SetTrump Says He Has $500M Campaign Cash To Pay NY By Monday; Legal Expert Advises ‘Secret Sauce’
New York Attorney General urges the appeals court to compel Trump to pay the full bond by Monday. Trump said he has over half a billion dollars in cash that he intends to use for his campaign.
Read More Trump Says He Has $500M Campaign Cash To Pay NY By Monday; Legal Expert Advises ‘Secret Sauce’