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The Consumer Price Index rose 0.3% in April, slightly below economists' expectations. Inflation was 3.4% annually in April, in line with forecasts. Core inflation, which excludes volatile food and energy prices, rose 0.3% month-over-month and 3.6% year-over-year in April. Shelter costs increased 0.4% in April and were up 5.5% from a year ago. Energy prices rose 1.1% in April and were up 2.6% annually, while food prices were flat monthly. Used and new vehicle prices declined in April. Inflation remains above the Fed's 2% target, but signs of easing could allow them to pause rate hikes until more data is available in 2024.
Consumer Price Index Rises 0.3% in April, Slightly Below Expectations
⏲ 0:48 👁 840K
People with a mortgage are hoping for some relief in the budget tonight, after the Reserve Bank left interest rates on hold last week and hinted at possible further rate rises later in the year.
Households keep fingers crossed for cost of living relief
⏲ 3:59 👁 1.4M
The number of babies being born in London has fallen by a fifth in a decade, the Standard can reveal, as experts warn that the cost of living and house prices mean that people are delaying — or deciding against — having children.
London's Birth Rate Tumbles 20% In A Decade As Couples Are Put Off Having Children
⏲ 1:6 👁 805K
Jamie Dimon, the CEO of JPMorgan Chase & Co, has voiced concerns about the persistent inflationary pressures in the U.S. economy. He suggests that these pressures may lead to a prolonged period of higher interest rates than what investors anticipate.
JPMorgan's Jamie Dimon Warns Of 'A Lot Of Inflationary Forces' Ahead, Predicts Higher Interest Rates
⏲ 1:1 👁 520K
Melanoma is the most dangerous type of skin cancer and while survival rates have improved in recent years, late diagnosis and delays in treatment remain key challenges.
Is this new EU-funded skin cancer screening device a game changer?
⏲ 3:0 👁 4M
Britain’s unemployment rate has risen to its highest level for nearly a year as further cracks show in the jobs market, according to official figures. The Office for National Statistics (ONS) said the rate of UK unemployment rose to 4.3% in the three months to March, which is the highest since May to July last year and up from 4.2% in the previous three months.
Unemployment rate rises to highest level for nearly a year, figures show
⏲ 0:55 👁 25.5M
New Analysis Suggests , Long-Term Effectiveness , for Wegovy Users .<br/>NBC reports that patients taking <br/>Novo Nordisk's obesity treatment maintain <br/>an average of 10% weight loss over four years.<br/>The news potentially boosts the <br/>drugmaker's push for Wegovy to be <br/>covered by insurers and governments. .<br/>The company submitted long-term <br/>findings at the European Congress <br/>on Obesity in Venice, Italy. .<br/>This is the longest study <br/>we’ve conducted so far of <br/>semaglutide for weight loss, Martin Holst Lange, Novo’s head of development, via NBC.<br/>We see that once the majority <br/>of the weight loss is accrued, <br/>you don’t go back and start <br/>to increase in weight<br/>if you stay on the drug, Martin Holst Lange, Novo’s head of development, via NBC.<br/>According to another analysis published by <br/>the drugmaker, approximately 17% of trial participants stopped using the treatment <br/>due to side effects like nausea. .<br/>The costly treatment ranges from $200 <br/>to nearly $2,000 per month in the ten <br/>countries where the drug is available.<br/>NBC reports that Novo Nordisk was the <br/>first drugmaker to market GLP-1 agonists, <br/>originally developed as a diabetes treatment, <br/>to address record high obesity rates.<br/>NBC reports that Novo Nordisk was the <br/>first drugmaker to market GLP-1 agonists, <br/>originally developed as a diabetes treatment, <br/>to address record high obesity rates.<br/>Rival Eli Lilly launched its drug <br/>Zepbound in the United States <br/>in December of 2023. .<br/>Neither drugmaker has managed <br/>to produce enough of the <br/>treatment to meet surging demand
New Analysis Suggests Long-Term Effectiveness for Wegovy Users
⏲ 1:31 👁 3M
WATCH: The latest updates and reactions from the community on Tamworth Regional Council's proposed 36.3 per cent rate increase. Video by Gareth Gardner and Jonathan Hawes
Tamworth Regional Council IPART decision
⏲ 2:18 👁 8.9M
Bluford (Blu) Putnam, former Managing Director and Chief Economist of CME Group on Benzinga's Premarket Prep. <br/><br/>- Evolving expectations for the Fed Funds Rate at the end of 2024<br/>- PCE Core Inflation VS Fed Funds Rate<br/>- Taylor Rule for the Fed Funds Rate<br/>Inflation<br/>- Wage inflation<br/>- Shelter inflation<br/>- Tariffs on China, impact on inflation
Key Inflation Data Reaction And Future Outlook - Blu Putnam
⏲ 17:53 👁 360K
Home Prices Dip , as Homebuyers Show , Dwindling Interest.<br/>'Newsweek' reports that home sellers <br/>have started to cut prices in an effort <br/>to attract buyers amid lagging demand.<br/>According to a recent analysis by Zillow, <br/>price reductions increased by more than 22%, <br/>reaching the highest rate in the last six years.<br/>Zillow suggests that the price cuts <br/>could indicate dwindling demand.<br/>Price cuts can be a sign <br/>of weakening demand <br/>that foretells softer <br/>price growth ahead, Skylar Olsen, chief economist of Zillow, via 'Newsweek'.<br/>Potential homebuyers may start to see <br/>a market with more options, with the <br/>supply of homes jumping 6.4% in April. .<br/>On an annual basis, the supply of <br/>properties on the market skyrocketed 18%.<br/>According to Skylar Olsen, the chief economist <br/>of Zillow, this represents the \
Home Prices Dip as Homebuyers Show Dwindling Interest
⏲ 1:30 👁 325K
Household debt and delinquency rates increased in the first quarter, according to data from the New York Federal Reserve. Credit card balances in serious delinquency, or more than 90 days late, reached the highest level since 2012 while delinquency rates across all debt types rose. Overall household debt grew to over $17 trillion driven by rising mortgage balances, though credit card debt dipped post-holidays. Delinquency transition rates remain below Great Recession peaks but are higher than pre-pandemic levels.
Household Debt and Delinquency Reach Alarming Heights as Rates Surge in Q1
⏲ 0:33 👁 1M
Robyn Demming from Raisin UK discusses the best deals for savers and borrowers.
What are the best mortgages and savings offers available now - an expert explains
⏲ 2:0 👁 335K
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