Annual inflation proved to be hotter than expected last month, staying stubbornly above 3%. It continues to move in the wrong direction in recent months. Pushing it lower is proving to be hard.
The Federal Reserve held interest rates steady Wednesday, but policymakers signaled they still expect to start cutting rates later this year. The stock market jumped in response.
The cost of auto and home insurance is rising much faster than overall inflation, thanks in part to a string of billion-dollar storms. A growing number of people are going without insurance.
It's Indicators of the Week, our weekly look under the hood of the global economy! Today on the show: Tyler Perry halts his film studio expansion plans because of AI, Wendy's communications about a new pricing board goes haywire and a key inflation measure falls.
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