Inflation Comes in Hot for the Third Straight Month
WSJ Opinion: Potomac Watch
The Wall Street Journal
4.2 • 2.8K Ratings
🗓️ 11 April 2024
⏱️ 24 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | The less your business spends the more margin you keep. |
| 0:03.0 | Net Suite by Oracle brings accounting, finance, inventory, and HR into one proven platform, |
| 0:10.0 | helping you reduce costs everywhere. |
| 0:12.0 | Now through April 15th, Net Suite is offering a one-of-a-kind flexible financing program. |
| 0:18.0 | So head to Net Suite.com. |
| 0:20.0 | Right now. From the opinion pages of the Wall Street Journal, this is Potomac Watch. |
| 0:30.0 | Inflation comes in hotter than expected for the third straight month, |
| 0:34.8 | staying more persistent than the Federal Reserve and the White House had hoped |
| 0:39.2 | at 3.5% for the last year. The figure jolted financial markets which may not now get the early cuts |
| 0:48.0 | and interest rates that they have been anticipating. We'll talk about the implications of this inflation news for the |
| 0:55.3 | economy and for the 20-24 election. |
| 0:58.4 | Welcome, I'm Paul Shigo with the Wall Street Journal opinion page here on our Potomac Watch podcast and I'm here with |
| 1:04.8 | Mary Anastasia O'Grady and Joe Sternberg. Welcome to you both. |
| 1:09.9 | So the C. P.I. Data Consumer Price Index, one of several Price Index, came in 0.4% for March, |
| 1:18.0 | third month in a row that it was hotter than expected and therefore stopping the progress down from the peak of 9.1% that inflation reached |
| 1:28.4 | towards the Federal Reserve's target of 2% annual inflation. |
| 1:33.7 | Mary, what do you make of the figures? |
| 1:35.2 | Well, they're going in the wrong direction, Paul. |
| 1:37.6 | That's the first thing to observe here. |
| 1:39.9 | Although, I think it's a little early to panic, Jay Powell never said that he was going to deliver six |
| 1:46.3 | interest rate cuts at 25 basis points apiece. A more moderate expectation was three. |
| 1:51.3 | It looks like we may not even have three this year. There's some |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Wall Street Journal, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Wall Street Journal and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

