negotiation. u.s. economy grew faster in the first quarter than previously reported. 1.3%. the fed s pc index out later this morning. and on inflation watch gas prices held steady overnight. today s national average a little more than a dollar below a year ago. let s bring in chief oil analyst at opis. so nice to see you again. looking at average gas prices around the country, this is a little bit of a relief for the memorial day driving folks, right? a little less than last year. will that hold? actually it is a lot less than last year. you mentioned the average price is about $3.57. last year the price was more than $5. so you really don t have to be gas-trodomi september to predict
ki christie romans is here sighing. 5.4% was the inflation gauge on this pc index. and that s hotter than we expected. it s the first time we have seen it tick up in quite a few months here. so overall inflation 5.4% far away from the fed s desired 2%. you see that uptick. i don t like that. i liked the curve. i liked the idea we were peaking. by the way, futures don t like it. the stock market in futures are down. month to month back to the first screen inflation rose 0.6% month to month. we expected 0.4% compared with 0.2% last month. as you know, the trend is important. this is just one month. but the trend here, this sort of broke the trend we have seen peaking inflation. the answer to my question, the trend overall. it s not a trend overall. just one icky not going down? the trend has been peaking. but we are far away from the 2%. that s what the fed wants to
The United Kingdom has retained its second place in the tenth International IP Index, a report measuring the quality of global IP systems, which this year also warned against the prevailing global uncertainty over patent rights.