Inflation picks up in February
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 12 March 2024
⏱️ 1 minutes
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Summary
Stocks rise; gasoline and rent push up monthly inflation figures; small business owners more pessimistic; business owners report easier time finding workers.
Transcript
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| 0:00.0 | This is the Marketplace Minute. I'm Justin Ho. Stocks closed up on Tuesday. The Dow |
| 0:07.5 | gains six tenth percent, the S&P rose one and one tenth percent, and the NASDAQ |
| 0:12.4 | added more than one.5%. The price |
| 0:15.1 | consumers paid for goods and services rose in February, up 4 tenths percent from |
| 0:20.0 | the month before, according to the Labor Department. |
| 0:22.6 | Most of that was because gasoline and rent got more expensive. |
| 0:25.9 | Over the last year, prices were up 3.2%. |
| 0:29.0 | That's a bigger 12-month increase than the Labor Department |
| 0:31.6 | reported in January. |
| 0:33.6 | Small business |
| 0:34.4 | surveyed by the National Federation of Independent Business were less optimistic about |
| 0:38.4 | the economy in February than in January. |
| 0:40.9 | A lot of that is because of inflation and interest rates. |
| 0:44.1 | That said, the same report found that business owners are having an easier time finding |
| 0:47.8 | workers. |
| 0:48.9 | The number of respondents struggling to fill positions is at its lowest in more than three years. |
| 0:54.2 | I'm Justin Ho, with the marketplace minute. You're going to. |
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