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CNN CNN Newsroom June 4, 2024 14:46:00

Could put it up on the screen again. you do see the cpi coming down and average earnings going up just a little bit. you want those to meet, right? you want the dark line to cross the green line. is that where its going, where pay increases will outpace price increases? >> its a good question and especially after what weve seen all year. wage growth, it doesnt account for all income but its a pretty good proxy for income and the fact that for 2022 it has not been keeping up with price growth tha...
Dark Line Pay Increases Green Line Wage Growth Doesn T Price Increases

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CNN Early Start With Christine Romans June 4, 2024 10:48:00

Morning, 158 million. thats the number of americans expected to shop in stores or online this saturday, thats the final saturday, folks, before christmas. the national retail federation says thats about 10 million more than last years forecast of super saturday shoppers and the highest since it started tracking the figure six years ago. interesting. the survey found one notable shift. 28% of holiday shoppers are giving an experience, like concert tickets or spa service. thats up 23% from last ye...
National Retail Federation 10 Million 158 Million Spa Service Concert Tickets Holiday Shoppers

CNN CNN Newsroom June 4, 2024 15:31:00

This morning investors may be rattled by what they heard from jerome powell as he outlines his expectations for a barely growing economy over the next year signaling his aim to continue these rate increases. you see the markets there. aiming to get inflation all the way back down, as they said, down to 2%. were at 7% now. figure it all out. christine romans joining us now. here is the dilemma. folks want to hear from the fed, theyre going to slow down interest rate raises and they want to see ...
Jerome Powell Rate Increases U S Christine Romans Interest Rate Raises Interest Rates

CNN Early Start With Christine Romans June 4, 2024 10:49:00

Data on weekly jobless claims and consumer prices all set to be released. also on inflation watch, the national average for a gallon of regular gasoline fell another penny overnight sitting at $3.40 a gallon. all right. novembers jobs report was strong but economists worry the fed may take it as a signal to raise rates and continue with sharp rate increases and worry about a recession next year. i want to bring in the chief economist at adp. >> good morning. >> good news might be bad news in...
Consumer Prices 13 40 Jobs Report Chief Economist Rate Increases Labor Market

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