Imports, exports rise in February

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News, Business

4.5 • 1.4K Ratings

🗓️ 4 April 2024

⏱️ 1 minutes

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Summary

Stocks fall; imports of consumer goods, food and vehicles increase; Cleveland Fed president wants to see a couple more months of data; unemployment claims rise.

Transcript

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0:00.0	This is the Marketplace Minute.
0:01.7	I'm Justin Ho.
0:03.2	Stocks had a rough day on Thursday.
0:05.3	The Dowell fell 1 1 1 1 3 percent,
0:07.4	the S&P lost 1 and a quarter percent,
0:09.8	and the NASDAQ dropped 1 in 4 tenths percent.
0:13.2	U.S. imports rose in February, up 2.2 percent from the month before, according to the Bureau of Economic
0:18.8	Analysis.
0:19.8	That includes imports of consumer goods, food, and vehicles.
0:24.0	U.S. exports rose to 2.3%, led by industrial supplies, food and capital equipment.
0:32.0	The head of the Cleveland Federal Reserve, Loretta Mester,
0:34.6	says she wants to see a couple more months of data to ensure that inflation won't
0:38.4	pick up again. Economists expect that the Fed will start cutting rates in June.
0:43.0	And the number of people signing up for unemployment benefits rose last week to
0:47.2	221,000, that's going to the Labor Department, the number of continuing claims fell. I'm Justin Ho with the Marketplace Minette.

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