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Transcripts for MSNBC Velshi 20240604 13:30:00

inflation was going to be lower seem to. bad but inflation on tuesday was announced to be lower than expected in a, november you consumer price index which was a key inflation barometer showed that prices were up 7.1% from a year ago. that is a lot. it is lower than a 7.7% back in october. on wednesday the federal reserve unascertained christine its benchmark interest rate by half a percentage point, which again is big. but until then, it had been increasing worries at three quarter percentage point of every opportunity. class four times. interest rates are now at their highest in 15, years and even they are going up at a slightly slower rate than they. were the feds moved increasing lee, increasing the cost of borrowing and investing. when consumers and business loans are more expensive, they spend less, money demands decreases, and that helps to tame inflation. that was all the relatively good news. and then there was thursday. that s where we got some troubling news with retail sale

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