Heather Haddon, reporter for The Wall Street Journal, shares her thoughts on Kroger becoming the third retailer to raise the age for buying a firearm to 21. Walmart and Dick's Sporting Goods made similar changes recently.
Haddon notes this decision wasn't made in response to Kroger shareholders who asked for similar measures to be taken back in 2016. In reality, she says this will only affect a small number Kroger-owned Fred Meyer locations. There are 43 Fred Meyer stores nationwide.
Haddon says if the NRA is upset with any of these retailers it's probably Walmart because they are the largest retailer in America. Kroger is the largest supermarket chain in the country.
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."
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
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.
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.
