Toppikr
  • World
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle East
    • U.S.
  • Politics
  • Economy
  • Business
  • Technology
  • Science
  • Entertainment
  • Sports
  • Health

Subscribe for Updates

Get the latest creative news from TOPPIKR about world, politics and business.

What's Hot

Responsible Tourism: Why Sustainable Travel Is Now More Important Than Ever

08/06/2023

Syrian refugee injures 4 children, adult in knife attack in French Alps town: report

08/06/2023

Boeing hit with a lawsuit over alleged “theft” of SLS rocket tools

08/06/2023
Facebook Twitter Instagram Pinterest
Facebook Twitter Instagram Pinterest RSS
Toppikr
Subscribe
  • World
    1. Africa
    2. Americas
    3. Asia
    4. Europe
    5. Middle East
    6. U.S.
    7. View All

    South Africa loaded arms onto sanctioned Russian vessel, US ambassador tells local media

    29/05/2023

    Ten lions killed in southern Kenya as human-wildlife conflict escalates

    29/05/2023

    US imposes election-related visa restrictions on Nigerians

    29/05/2023

    Nigeria: US convoy attacked in Anambra, killing four

    29/05/2023

    Jamie Cail death: Investigators “anxiously awaiting” autopsy and toxicology reports for former US swimmer who died in the US Virgin Islands

    01/03/2023

    Mexico election reform bill: AMLO accuses protesters of narco links

    01/03/2023

    Jamie Cail, former American swimming champion, dies in US Virgin Islands

    01/03/2023

    Peru: Mummy found in man’s food delivery bag in Peru

    01/03/2023

    New York is choking on smog. But for these cities, it’s just another day

    08/06/2023

    Swine fever: World’s first vaccine against deadly animal disease nears approval in Vietnam

    08/06/2023

    Korean War Fast Facts | CNN

    07/06/2023

    The ‘harshest heat wave’ in its history caught Southeast Asia off guard

    07/06/2023

    Pope Francis doing well after abdominal surgery, Vatican says

    08/06/2023

    Nova Kakhovka dam collapse: Russians shooting at rescuers in flooded areas, Zelensky says

    08/06/2023

    June 7, 2023 – Russia-Ukraine news

    08/06/2023

    Wimbledon Fast Facts | CNN

    07/06/2023

    Mohamed ElBaradei Fast Facts | CNN

    07/06/2023

    What Turkey’s new cabinet says about where the country is headed

    07/06/2023

    Palestinian boy, 3, dies of injuries days after being shot by Israeli troops

    05/06/2023

    Three Israeli soldiers and an Egyptian policeman killed in rare border crossing incident

    04/06/2023

    Tennessee Air National Guardsman applied to be a hitman online, the FBI says. It was a spoof website and now he’s facing charges

    19/04/2023

    Family of victim and survivors of Indianapolis FedEx mass shooting file lawsuit against gun magazine manufacturer and distributors

    19/04/2023

    Fulton County, Georgia, jail leadership resigns after inmate’s death and accusations of unsanitary conditions

    19/04/2023

    Anti-abortion doctors urge Supreme Court to keep mifepristone restrictions in place

    19/04/2023

    Syrian refugee injures 4 children, adult in knife attack in French Alps town: report

    08/06/2023

    Pope Francis doing well after abdominal surgery, Vatican says

    08/06/2023

    Philippines’ Mayon volcano ‘quietly erupts’

    08/06/2023

    New York is choking on smog. But for these cities, it’s just another day

    08/06/2023
  • Politics

    Biden vetoes bill cancelling his $400 billion student loan handout, vows he’s ‘not going to back down’

    08/06/2023

    WATCH: Democrats dismiss Biden-Kennedy 2024 primary debate: ‘Fringe candidate’

    07/06/2023

    Blackburn calls for federal internet privacy standard as concerns about online AI use soar

    07/06/2023

    Chris Christie, top GOP Trump critic, launches presidential bid

    06/06/2023

    House Democrat bill would force labeling of AI use

    06/06/2023
  • Economy

    China’s Recovery Is Losing Steam. Why Stimulus Might Not Boost Stocks.

    08/06/2023

    ‘Money talks’: BCSO employees are now the highest paid law enforcement in the state

    08/06/2023

    China’s Economy May Be Headed for a Lost Decade as Growth Splutters

    07/06/2023

    CMA Fest raises big money for music education

    07/06/2023

    More money, less responsibility – DW – 06/07/2023

    07/06/2023
  • Business

    Torrance business group pushes for official Pride Month Proclamation – Daily Breeze

    07/06/2023

    Boeing warns new defect on 787 Dreamliners will slow deliveries

    07/06/2023

    AME welcomes Colorcon to i-TechValley industrial park in Johor

    06/06/2023

    How to detect if your employees are using mouse jigglers

    06/06/2023

    How Amazon Business Can Help Your Company Optimize Procurement

    05/06/2023
  • Technology

    5 best tips to improve your cellphone signal

    08/06/2023

    Priceline signs on with Google Cloud for AI to help travel booking

    07/06/2023

    8 new Apple innovations unveiled at WWDC23

    07/06/2023

    Hands on first impressions from WWDC 2023

    06/06/2023

    How to share your whereabouts in any situation using your cell phone

    06/06/2023
  • Science

    Boeing hit with a lawsuit over alleged “theft” of SLS rocket tools

    08/06/2023

    Science For All | X-ray of an atom

    08/06/2023

    A Building Material That Grows Like Plants

    08/06/2023

    This ancient civilization literally used their heads to move massive logs for miles

    07/06/2023

    Genomics Are a Lifesaver for Patients With Rare Diseases | WIRED

    07/06/2023
  • Entertainment

    Toxic Team-Ups: 14 Movie Co-Stars Who Shared a Deep-Seated Hatred

    08/06/2023

    Raquel Wanted to Be ‘Throuple’ with Sandoval & Ariana

    08/06/2023

    Release Date, Trailer, Cast & More

    08/06/2023

    EXO and CBX Fanbases Issue Joint Statement to SM Entertainment

    07/06/2023

    The PGA Tour and LIV Golf Announce Shock Merger

    07/06/2023
  • Sports

    Are The Bucs Too Young At Some Positions?

    08/06/2023

    Nikola Jokic registers 1st 30-20-10 triple-double in NBA Finals history

    08/06/2023

    Amanda Nunes and Irene Aldana Unite Ahead of UFC 289 Clash: Intense Face-Off and Captivating Moments at First Nations Ceremony

    08/06/2023

    Amir Albazi Vs. Zhalgas Zhumagulov (Flyweight) UFC 257

    07/06/2023

    Washington Nationals news & notes: Nats walk eight in 10-5 loss to D-backs; Talking Joey Meneses & elevation + more…

    07/06/2023
  • Health

    Why Do People Drink So Early in Airports?

    08/06/2023

    Masking for Smoke Isn’t Like Masking for COVID

    08/06/2023

    Two new cancer pills show ‘unprecedented’ results in boosting survival rates and preventing recurrence

    07/06/2023

    DNA sequencing improves cancer treatment but remains underused. Why?

    07/06/2023

    AI Demonstrates Superior Performance in Predicting Breast Cancer

    07/06/2023
Toppikr
Home»Economy»Americans likely saw little relief from inflation in April
Economy

Americans likely saw little relief from inflation in April

10/05/2023No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
1683721892_3000.webp.webp
Share
Facebook Twitter LinkedIn Pinterest Email

Washington (AP) – After nearly a year of steady declineWednesday’s consumer price data likely show that US inflation will remain stubbornly high in April, entering a newer, more sticky phase. It shows that it is possible.

Consumer prices are forecast to rise 0.4% from March to April, much faster than the previous month’s 0.1% rise, according to a survey of economists by data provider FactSet.

Compared to the previous year, prices in April are expected to rise by 5% year-on-year, the same as in March. If this forecast proves accurate, it would be the first time annual inflation has not fallen after his nine months of decline.

Items that may have fueled inflation last month include higher gas prices, apartment rents and the possibility of used cars. By contrast, airfare and hotel room costs are expected to moderate after months of rising.

For more than two years, high inflation has been a major burden on US consumers, a continuing threat to the economy, and a frustrating challenge for the Federal Reserve. But now a new problem has emerged.

The Federal Reserve has raised key interest rates by a significant 5% from March 2022 onwards. This is to try to bring inflation down to the 2% target. Not only is it much more costly to borrow for consumers and businesses, but rising interest rates have caused three of his biggest banks to fail over the past two months. And bank lending may recede. As a result, the economy could become even weaker.

Even more ominously, the government debt ceiling could be breached by early Juneand Republicans in Congress are refusing to raise the ceiling unless President Joe Biden and Democrats in Congress agree to significant spending cuts. A scenario that could lead to default and ignite a global economic crisis.

Inflation has slowed sharply since peaking at 9.1% annualized last June. Still, many economists say the decline so far has probably been an easy phase. The supply he chain problem that was stripping many grocery shelves and delaying deliveries of furniture, cars and electronics has been resolved. Gas prices also fell steadily after skyrocketing in the wake of Russia’s invasion of Ukraine, but he rose again in April as OPEC agreed to cut production.

Barring volatile food and energy costs, so-called core inflation is also expected to remain high last month, with economists expecting it to rise 0.3% in March-April and 5.4% year-on-year.

The Fed and many economists closely monitor core prices, which are seen as a better measure of long-term inflation trends. The cost of apartments and other housing costs, one of the main drivers of core inflation, surged 8.2% in March from his 12 months earlier. Most economists expect apartment rents to rise much more slowly in the coming months, with inflation slowing as new apartments are completed.

Chairman Jerome Powell and other Fed officials pay particular attention to the cost of services, excluding energy and housing. They think service price increases are particularly tenacious as they are largely supported by rising wages.

Prices for restaurant meals, airline tickets and hotel rooms have risen steadily, forcing businesses to raise wages to find and retain workers in these industries. An 8.8% jump from the previous year.

New York Federal Reserve Bank President John Williams said the sector with the most persistent inflation is core services, excluding housing, which has risen about 4.5% since last August. Williams, who is close to Powell, is an influential voice in Fed policy.

“This is due to the overall imbalance between supply and demand, which will take the longest to resolve,” Williams said.

Fed policymakers agreed to raise benchmark rates when they met last week This was the 10th consecutive year of a one-quarter percentage point increase to about 5.1%, the highest level in 16 years. The Fed’s rate hikes, aimed at containing spending, growth and inflation, have led to higher costs for mortgages, auto loans, credit cards and corporate borrowing.

Most economists believe that rate hikes will have the intended effect over time. However, most people are concerned that rate hikes will weaken the economy and plunge it into recession later this year.

At its meeting last week, the Fed hinted it might pause rate hikes and take time to monitor the impact of policy actions on the economy, but it will take several more before full clarity. can take months

Americans April inflation relief
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
TOPPIKR
  • Website
  • Facebook
  • Twitter
  • Pinterest
  • Instagram

TOPPIKR is an international news website that covers everything from current events, politics, entertainment, culture, tech, science, and healthcare. This also includes everything from video games and music to movies and gadgets.

Related Posts

China’s Recovery Is Losing Steam. Why Stimulus Might Not Boost Stocks.

08/06/2023

‘Money talks’: BCSO employees are now the highest paid law enforcement in the state

08/06/2023

China’s Economy May Be Headed for a Lost Decade as Growth Splutters

07/06/2023

Leave A Reply Cancel Reply

Entertainment

Toxic Team-Ups: 14 Movie Co-Stars Who Shared a Deep-Seated Hatred

08/06/2023

Raquel Wanted to Be ‘Throuple’ with Sandoval & Ariana

08/06/2023

Release Date, Trailer, Cast & More

08/06/2023

EXO and CBX Fanbases Issue Joint Statement to SM Entertainment

07/06/2023
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Don't Miss
Travel

Responsible Tourism: Why Sustainable Travel Is Now More Important Than Ever

08/06/2023

Recently, the UN’s Intergovernmental Panel on Climate Change discussed taking action at the international level…

Syrian refugee injures 4 children, adult in knife attack in French Alps town: report

08/06/2023

Boeing hit with a lawsuit over alleged “theft” of SLS rocket tools

08/06/2023

Scale of super Typhoon Mawar seen in satellite images 🌍 #world #news #shorts

08/06/2023

Subscribe for Updates

Get the latest creative news from TOPPIKR about world, politics and business.

About Us
About Us

TOPPIKR is an International news website founded by a team of passionate, developers and journalists.
The site consists mainly of articles to news stories from other outlets about politics, entertainment, and current events. it also has a newsletter featured by many global columnists.

We're accepting new partnerships currently.

Politics

Biden vetoes bill cancelling his $400 billion student loan handout, vows he’s ‘not going to back down’

08/06/2023

WATCH: Democrats dismiss Biden-Kennedy 2024 primary debate: ‘Fringe candidate’

07/06/2023

Blackburn calls for federal internet privacy standard as concerns about online AI use soar

07/06/2023

Facebook Twitter Instagram Pinterest RSS
  • ABOUT TOPPIKR
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • GDPR Notice
© 2023 TopPikr. All Rights Reserved

Type above and press Enter to search. Press Esc to cancel.

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in settings.

Toppikr
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.