Evening Edition: Inflation Slows But Prices Remain High

The Fox News Rundown

FOX News Podcasts

Daily News, News, Politics

3.4 • 1.7K Ratings

🗓️ 21 November 2023

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

October's consumer price index was flat and inflation slowed but prices of goods remain high. Besides the high prices at the grocery store, consistently high inflation means interest rates, home loans and financing for a new car will all remain high. While the CPI showed inflation was increasing at a slower rate, how and when will Americans see a decrease in everyday expenses? FOX’s John Saucier speaks with Peter C. Earle, economist and author of American Institute for Economic Research's "Everyday Price Index", about the state of inflation, how it is impacting Americans and will there be some relief from high prices. Click Here To Follow 'The FOX News Rundown: Evening Edition' Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Cracken.
0:03.0	Crippo is like the financial system, but different.
0:06.0	He doesn't care where you come from,
0:08.0	what you look like, your credit score,
0:10.0	or your outrageous food delivery habits.
0:13.0	crypto is finance for everyone, everywhere, all the time.
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0:21.0	To learn more, don't invest in as you're prepared to lose all the money
0:24.9	you invest. This is a high-risk investment and you should not expect to be protected if something
0:28.9	goes wrong. I'm Will Kane. I'm Janice Dean. I'm Greg Gutfeld and this is the Fox News rundown
0:35.8	Tuesday November 21st 2023 I'm John Saussier.
0:44.0	Thanksgiving week, good time to check in on our economy with so much activity going on this
0:48.0	week. Millions of people moving around the country, going to see family, friends, and maybe even have some turkey.
0:53.5	There have been a bunch of ups and downs in this American economy in 2023,
0:57.0	and as we get closer to the end of the year, it's time to take stock of which way we're going.
1:02.0	Right now, the economy is being held up mostly by consumption.
1:05.0	That's about 70% of what generated a very large GDP number
1:09.6	in the last quarter.
1:10.8	But that consumption is being mostly held up by the remainder of
1:15.6	pandemic savings and by credit card borrowing which has reached a trillion dollars.
1:19.7	This is the Fox News rundown, evening edition.
1:23.2	From the Fox News Podcasts network.
	...

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