Consumer spending expectations rise in February
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 11 March 2024
⏱️ 1 minutes
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Summary
Stocks close mixed; people’s inflation expectations mostly unchanged; Reddit hoping to raise more than $750 million in IPO; inflation data due this week.
Transcript
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| 0:00.0 | This is the Marketplace Minute. I'm Justin Ho. Stocks were mixed on Monday. The Dowel rose a tenth of a percent, but the |
| 0:09.4 | S&P fell a tenth of a percent, and the NASDAQ lost four tenth percent. |
| 0:14.8 | Consumers surveyed by the New York Federal Reserve in February said they expect their spending |
| 0:19.0 | will rise over the next year by more than they thought in January. Meanwhile, people expect their incomes to grow about 3% on average. |
| 0:26.0 | That's about the same as in January. |
| 0:28.0 | People's inflation expectations for the year ahead did not change. |
| 0:32.0 | The social media company Reddit is hoping to raise... the year |
| 0:35.0 | the company Reddit is hoping to raise 750 million dollars when its shares start trading |
| 0:38.0 | later this year. |
| 0:39.0 | The company says it's reserving about 8% of them |
| 0:42.0 | for users and moderators. |
| 0:44.0 | And we're going to get a lot of inflation data this week. |
| 0:47.0 | We'll get the latest consumer price index on Tuesday, |
| 0:50.0 | the producer price index on Thursday, |
| 0:52.0 | and the import price index on Friday. I'm Justin Ho with the Marketplace Minute. |
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