Consumer inflation expectations pick up in April

Marketplace All-in-One

Marketplace

News, Business

4.5 • 1.4K Ratings

🗓️ 13 May 2024

⏱️ 1 minutes

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Summary

Stocks close mixed; people’s spending and income expectations pick up; Kraft Heinz reportedly thinking about selling off Oscar Meyer; inflation data due this week.

Transcript

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0:00.0	This is the Marketplace Minute. I'm Justin Ho.
0:05.0	Stocks were mixed on Monday. The Dow fell to 10% percent. The S&P was basically flat, and the
0:11.9	NASDAQ rose 3 tenth percent.
0:14.8	Consumers surveyed by the New York Federal Reserve in April were more pessimistic about inflation
0:19.5	than they were in March.
0:21.2	People expect home prices in particular to rise by the most in almost two years.
0:25.3	They also expect to spend more over the next 12 months and they think their incomes will rise too.
0:30.7	The company behind Heinz Ketchup is thinking about selling off Oscar Meyer Hot Dogs,
0:35.3	according to the Wall Street Journal.
0:37.0	Kraft Heinz has said demand for some of its products has slowed down, thanks in part to higher prices.
0:42.4	And the Labor Department will report a law down, thanks in part to higher prices.
0:43.0	And the Labor Department will report a lot of inflation data this week,
0:46.0	including the producer price index on Tuesday,
0:49.0	the Consumer Price Index on Wednesday,
0:51.0	and the Import Price Index on Thursday.
0:54.1	I'm Justin Ho with the Marketplace Minute.

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