food prices too have gone up. nothing s being done about it. it s going to kill the people, these diesel prices. they have no i have no choice but to fill up my tank. there s no other choice. definitely too much. and it has to change, hopefully soon. neil: it is the story of the week, and right now it is hitting americans hard. i m talking about inflation, and it is still out of control. here s how bad things are getting. we re grateful if the rise isn t as dramatic as we had experienced in just the prior month. that is the state of things now with prices spiking at near 40-year highs. the last time we saw that is when jimmy carter was president. concerns that we re seeing the same thing roll out now and rolling around hoping for relief. good luck on that front. but kelly o grady on how customers and you are feeling. kelly. reporter: hi, neil. well, week we saw new inflation data with april s consumer price index out. the 8.3% year-over-year number was worse than ex
Mandate objectives. Inflation has eased substantially over the past year, while the Labour Market has remained strong. And that is very good news. But inflation is still too high, further progress in bringing it down is not assured and the path forward is uncertain. We are fully committed to returning inflation to our 2 goal. While the prices of many goods have fallen, from cars to furniture, an increase in housing and Petrol Prices have contributed to a recent rise in consumer inflation. With progress on inflation taking longer than expected, hopes for lower rates have dimmed. One scenario that could change that calculation . Chair powell said if the Labour Market unexpectedly weakened, that could spur rate cuts. And sweetening the mood on wall street, the Dowjones Industrial Average closed higher, after the fed chair implied that the Central Banks next move was unlikely to be a rate hike. As youve heard from the Us Federal Reserve, Interest Rates in america will remain high for some
tomorrow. tomorrow. 12 years ago this week, then president obama signed one of the most important executive actions of his presidency the one that would change hundreds of thousands of lives across this country. the policy was that deferred action for childhood arrivals, or daca. it provided temporary protection from deportation for young people who are undocumented, young people who came to the united states as children, often brought by their parents or loved ones. they grew up in this country, attending school and places of worship, many without any knowledge of their legal status until years down the line, often finding out when they applied for a drivers license or applied to college or a job. for all intents and purposes, they are american, woven into the fabric of this country, which is why, 12 years ago, president obama took action. imagine you ve done everything right your entire life, studied hard, worked hard, maybe even graduated top of your class, only to sud
change hundreds of thousands it provided temporary protection from deportation for young people undocumented, young people who came to the united states as children, often brought by their parents or loved ones they grew up in this country attending school and places of worship many without any knowledge of their legal status until years down the line, often finding out when they applied for a driver s license or applied to college or a job. for all intents and purposes, they are american, woven into the fabric of this country, which is why 12 years ago president obama took action. imagine you ve done everything right you re entire life, studied hard, worked hard, maybe even graduate at the top of your class only to sunnily face the threat of deportation to a country that you know nothing about, with a language that you may not only speak. i will not give up on this issue not only because it s the right thing to do for our economy and ceos agree with me, fanot just because
of childhood arrivals or daca. provided protection for young people who were undocumented. young people who came to the united states as children, often brought by their parents or loved ones. they grew up in this country, attending schools and places of worship, many without knowledge of their legal status until years down-the-line. often finding out when they applied for a driver s license or a job or college. for all intense and purposes they are american, woven into the fabric of this country which is why 12 years ago president barack obama took action. imagine you have done everything right your entire life. studied hard, worked hard, maybe even graduated at the top of your class only to suddenly face the threat of deportation to a country that you know nothing about. a language you may not speak. i will not give up on this issue. not only because it is the right thing to do for our economy and ceo s agree with me, not just because it is the right to do for our securit