Employment costs, home prices increase at faster pace
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 30 April 2024
⏱️ 1 minutes
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Summary
The Employment Cost Index advanced 1.2% in Q1; the Case-Shiller home price index advanced 6.4%; consumer confidence is at lowest levels in two years; Walmart exits health clinic business.
Transcript
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| 0:00.0 | Further inflationary signs as Federal Reserve policy makers meet to talk interest rates. |
| 0:06.0 | I'm Novasafa with the Marketplace Minute. |
| 0:08.0 | The cost of employing workers, that's pay and benefits, increased by 1.2% in the first three months of the year, a faster pace than |
| 0:16.0 | the previous quarter, that's according to the Labor Department. |
| 0:18.7 | Meanwhile, home prices in February were at or near record highs in many cities. |
| 0:24.0 | The K Schiller Index advanced half a percent compared to the month prior. |
| 0:28.0 | Both measures contribute to higher inflation, |
| 0:30.0 | something Fed officials will consider as they meet over the next two days. |
| 0:34.0 | They are widely expected to leave interest rates at current levels. |
| 0:37.0 | Another consideration, consumer confidence, the Conference Board's Index fell more than expected to its lowest level in two years. |
| 0:46.0 | Walmart says it's getting out of the health clinic business, shuttering all 50 it had opened |
| 0:50.8 | in several states. |
| 0:52.3 | The company said it could not figure out a sustainable |
| 0:54.6 | business model. It will still run its pharmacies and Vision Centers. I'm Novasapo |
| 1:00.0 | with a marketplace minute. |
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