Brian Jacobsen, chief economist with Annex Wealth Management, joined Cheddar News to discuss the positive sessions for the stock market as investors were optimistic of a debt ceiling deal ahead of the June 1 deadline.
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What's to Come With Inflation Hitting a 40-Year High in March
Beth Ann Bovino, the U.S. chief economist at S&P Global Ratings, joined Cheddar to break down the March CPI data and outline the bright spots of consumer spending amid rising costs. She noted that with consumers switching more to services coming out of quarantine rather than purchasing goods, it could create a lessening of demand that will help reduce inflationary pressures going forward, but the Fed will still have to move aggressively. "We expect now that the Fed is going to raise rates about 6 to 7 times — a 50-point basis hike is basically baked in the cake right now," Bovino said. "Could there be a second 50-point basis? Certainly, we wouldn't be surprised."
Need2Know: Russia in Eastern Ukraine, Philly Masks & PG&E Wildfire Settlement
Catching you up with what you need to know on Apr 12, 2022, with Russia concentrating forces in eastern Ukraine, rising inflation, severe weather from Minnesota to the Gulf Coast, Philadelphia brings back its indoor mask mandate, PG&E pays $55 million for wildfire settlement, and more
RoboBurger Promises Robot-Made Burgers in 7 Minutes or Less
RoboBurger is delivering all-in-one burger vending machines to a spot near you
Cheddar Afternoon Google News Briefings of April 12th
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Afternoon Alexa Flash Briefings of April 12th
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Biden Waiving Ethanol Rule in Bid to Lower Gasoline Prices
President Joe Biden is visiting corn-rich Iowa to announce he’ll suspend a federal rule preventing the sale of higher ethanol blend gasoline in the summer.
Inflation Jumped 8.5 percent as Some Measures Leveled Off
The March consumer price index showed a 1.2 percent month-over-month increase and 8.5 percent increase from a year ago, which was the highest reading since 1981.
Cheddar Quick Hit GSTV of April 13th
Cheddar Quick Hit GSTV
Stocks Give Up Gains, End Lower Following Inflation Report
Stock indexes edged lower on Wall Street Tuesday, shedding early gains as investors weigh new data on inflation.
