CNN CNN Newsroom With Jim Acosta June 4, 2024 23:15:00
Romans has more in tonight's before the bell. hi jim. new evidence inflation is cooling banking woes, raising the risk of a recession and the american consumer pulled back a bit in march. let's look at inflation. first, the feds tough medicine may finally be working consumer inflation, the slowest in almost two years. prices rose 5% on an annual basis in february, it was 6% marking the largest swing in more than eight years. meanwhile on the producer level, wholesale inflation slid dramatically as well. an annual rate of 2.7% is the lowest level for producer prices since january, 2021 well , i...