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The latest Consumer Price Index shows the annual inflation rate hit 2.3% in April, less than expected and the lowest since February 2021 — according to a Labor Department report Tuesday. On #MorningJoe, Andrew Ross Sorkin called the U.S. economy “remarkably resilient” and “more flexible than expected,” despite concerns over how Trump’s tariffs could eventually impact spending and consumer confidence. #news #economy #trump #inflation #business
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Financial literacy Friday: why does the Fed’s target inflation rate matter? And how does that effect you? #EduTok #tiktoklearningcampaign #financialliteracy #inflation #monetarypolicy
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The Reserve Bank is expected to raise interest rates tomorrow. Inflation pressure has been mounting since July and along with high energy costs and resilient labour demand, the RBA is signalling an imminent rate hike to 4.6 per cent. While homeowners will be feeling the pain, the growing risk of a recession calls for more restraint with interest rates. #ratehike #interestrates #reservebank
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TikTok7newsaustralia
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