CNN CNN Newsroom With Alisyn Camerota and Victor Blackwell June 4, 2024 18:06:00
We tend to see trickle down in the prices that we pay as consumers. in terms of what this means for the fed, this is the second back-to-back hot inflation report. about a week ago, half a percent to 0.75% was the expectation heading into the federal reserve meeting. after we got that really hot jobs report, which signalled that demand for workers is still quite strong, quite robust, supply, not as much, and then you get two hot inflation reports that suggest that inflation is broadening, it's widening, it is not abating. it certainly means that the fed is going to have to do more rather than l...