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CNN CNN Newsroom With Alisyn Camerota and Victor Blackwell July 7, 2024

into bear market territory yesterday. economists predict the fed will raise interest rates again in another attempt to battle rising inflation. cnn business correspondent solomon is here with me now. this ppi report, why should people at home care about this? what s it matter for us? it s interesting because ppi doesn t get as much attention as the consumer price index, but it s really important because it s factory level inflation, what producers are experiencing, and we know what companies are feeling, we ll likely see a few months down the line in terms of consumer prices. even though we did see slight moderation in categories like food, the topline number is troubling because we know after friday s report that there were no signs of moderation, that there were signs of acceleration in inflation and what we have now with this report is a sign perhaps of more pain to come down the road. okay. so, now, tomorrow, expecting this big announcement. on how much, by how ....

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CNN CNN Newsroom With Alisyn Camerota and Victor Blackwell July 7, 2024

top of the hour on cnn newsroom, good to be with you, i m victor blackwell. president biden says that he has a plan to tackle the soaring inflation that s plaguing this country, he says republicans are getting in his way. the problem is republicans in congress are doing everything they can to stop my plans to bring down the cost for ordinary families. that s why my plan is not finished, and why the results aren t finished either. jobs are back. prices are still too high. covid is down, but gas prices are up. our work isn t done. the president also warned that it s going to take time for prices to come down. as americans struggle to buy, well, everything. groceries, gas, cars, a key economic indicator shows that the pace of inflation lowered just slightly in may but the producer price index is still up above 10%. this afternoon, stocks are mixed. s&p 500 dipped into bear market territory yesterday, and now everybody s watching the federal reserve. as economists predi ....

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CNN CNN Newsroom With Alisyn Camerota and Victor Blackwell June 4, 2024 19:02:00

Covid is down, but gas prices are up. our work isn t done. the president also warned that it s going to take time for prices to come down. as americans struggle to buy, well, everything. groceries, gas, cars, a key economic indicator shows that the pace of inflation lowered just slightly in may but the producer price index is still up above 10%. this afternoon, stocks are mixed. s&p 500 dipped into bear market territory yesterday, and now everybody s watching the federal reserve. as economists predict, the central bank will raise interest rates again. cnn s matt egan joins me. the president says he has a plan that s going to take time. what do we do until then? until then, unfortunately it looks like prices are going to stay pretty high. today s report measured wholesale prices, prices for goods and services before they reach consumers. it s a good way to measure how ....

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CNN CNN Newsroom With Alisyn Camerota and Victor Blackwell June 4, 2024 18:01:00

Into bear market territory yesterday. economists predict the fed will raise interest rates again in another attempt to battle rising inflation. cnn business correspondent solomon is here with me now. this ppi report, why should people at home care about this? what s it matter for us? it s interesting because ppi doesn t get as much attention as the consumer price index, but it s really important because it s factory level inflation, what producers are experiencing, and we know what companies are feeling, we ll likely see a few months down the line in terms of consumer prices. even though we did see slight moderation in categories like food, the topline number is troubling because we know after friday s report that there were no signs of moderation, that there were signs of acceleration in inflation and what we have now with this report is a sign perhaps of more pain to come down the road. okay. so, now, tomorrow, expecting this big announcement. on how much, by how much the fed wil ....

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