Volker has since been won and every now and then like today, calls that victory into question, at least until the next number comes out. The Consumer Price index rose 4 10ths of one twice, the largest increase in more than a year with prices for gasoline, food, clothing and just about Everything Else moving higher last month. A little inflation is not necessarily a bad thing. The goldie locks number for the cpi is 2 . Todays figure annualized is well above that, of course. So how will the fed process that number as it he begins the two day rate setting today. Inflation in the United States surprised to the upside in may. Immediate concerns turn to the impact on the price to consumers and whether the Federal Reserve could be forced to raise Interest Rates. The biggest monthly jump in a year and 2 10ths above wall streets expectations. For the First Time Since february 2013, the core inflation rate and headline rate that includes everything are at or above 2 . Thats close to what the fed
Calls that victory into question, at least until the next number comes out. The Consumer Price index rose 4 10ths of one twice, the largest increase in more than a year with prices for gasoline, food, clothing and just about Everything Else moving higher last month. A little inflation is not necessarily a bad thing. The goldie locks number for the cpi is 2 . Todays figure annualized is well above that, of course. So how will the fed process that number as it he begins the two day rate setting today. Inflation in the United States surprised to the upside in may. Immediate concerns turn to the impact on the price to consumers and whether the Federal Reserve could be forced to raise Interest Rates. The biggest monthly jump in a year and 2 10ths above wall streets expectations. For the First Time Since february 2013, the core inflation rate and headline rate that includes everything are at or above 2 . Thats close to what the fed aimed for. They began to worry what if prices keep rising be
Volker has since been won and every now and then like today, calls that victory into question, at least until the next number comes out. The Consumer Price index rose 4 10ths of one twice, the largest increase in more than a year with prices for gasoline, food, clothing and just about Everything Else moving higher last month. A little inflation is not necessarily a bad thing. The goldie locks number for the cpi is 2 . Todays figure annualized is well above that, of course. So how will the fed process that number as it he begins the two day rate setting today. Inflation in the United States surprised to the upside in may. Immediate concerns turn to the impact on the price to consumers and whether the Federal Reserve could be forced to raise Interest Rates. The biggest monthly jump in a year and 2 10ths above wall streets expectations. For the First Time Since february 2013, the core inflation rate and headline rate that includes everything are at or above 2 . Thats close to what the fed
We will find out. First, lets get headlines from my radio cohost carol massar. Little change in afterhours trading after the Company Announced a News Conference with the governor of nevada tomorrow. Tesla has Broken Ground for its factory. Betty liu spoke with tesla today and the Company Confirms a major announcement on an economic development. Delta Airlines Shares dropping sharply, closing downward of 5 . They lowered their forecast of fourthquarter targets and warned of higher fuel costs. It was the worst performing stock in the s p 500 today. News on apple, its stock taking a nosedive. Shares are down more than 4 . The reason, criticism over celebrity that from apple accounts. And i know cory johnson and you will be talking about those devices today a little bit later on. We will ask all about his selfies. We will find out details, yes. Thank you very much, carol massar. Auto sales revving into high gear. Chrysler reporting the best sales in five years. Ford, toyota, honda, nissan
All that and more over the next hour. First lets find out our headlines from our colleagues. Facebooks market value exceeded 200 billion today. Facebook rose to more than 77 per share. The companys stock has jumped more than 9 since late july when facebook reported secondquarter sales rose 61 thanks in large part to mobile ads. Twitter is testing a buy button. The consumer can purchase items directly. They are teaming to save a persons credit card information. Than shares climbed more 5 today. The company is set to get an 8 billion windfall from alibabas ipo. The giant kicks off the investor roadshow today in new york. Yahoo is selling 121 million shares and keeping a 16 stake. We are going to talk more on alibaba. Former sec capital manager was sentenced to nine years in prison. Patricia, give us the details of the sentencing. The lawyer asked the judge for sentence of two to three years. He had to factor in the fact , thethe amount of money in may 275 million. Patricia, is it possibl