Thndr Claps
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic
No Result
View All Result
Thndr Claps

Thndr Claps » U.S. Claps » Economy 🏢 » U.S. annual inflation records 8.3% in April 2022🎈

U.S. annual inflation records 8.3% in April 2022🎈

by Shams Abbas
May 11, 2022

The Clap

April 2022’s U.S. consumer price index (CPI) rose to 8.3% year-over-year (YoY), after recording 8.5% the month before.

The main drivers

On a yearly basis, energy costs were up 30.3% while food rose 9.4%. Core inflation, which strips out the volatile energy & food baskets, rose 6.2% in April 2022 as opposed to a 6.5% rise in March 2022.

It’s slowing down!

Yeah, but it’s still way too high. Remember, the Fed’s inflation target is 2% over 12 months. What April’s CPI may suggest is that inflation may have peaked, but Economists believe it’ll remain high for several months.

What now?

The Fed is poised to raise interest rates in its June & July meetings, both expected to be 0.50% hikes. It’s also expected to continue raising rates in following meetings in 2022, but at a slower pace.

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related Posts

Claps, Economy
Economy 🏢

Fed hikes rates by 0.25% 🏛️

by Omar El Shorafa
February 2, 2023
Claps , Economy
Economy 🏢

PCE continues to slide 💸

by Omar El Shorafa
January 30, 2023
Tadawul launches Albilad MSCI US ETF 💵
Economy 🏢

US GDP grows despite recession fears

by Omar El Shorafa
January 27, 2023
Claps, Economy, Investments
Economy 🏢

Investors in a tricky situation 🤷‍♂️

by Omar El Shorafa
January 23, 2023
Claps, Economy
Economy 🏢

PPI down much more than expected 📉

by Omar El Shorafa
January 19, 2023
US Economy, Claps
Economy 🏢

CPI down again in December 🎈

by Omar El Shorafa
January 13, 2023

Website

Community

Blog

Learn

© Thndr. All rights reserved

No Result
View All Result
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic

Disclaimer: Thndr does not provide investment advice, individual investors are responsible for their own decisions or can seek independent advice. The value of investments can go up and down. Thndr is a trading name of Thndr Securities Brokerage which is authorised and regulated by the Financial Regulatory Authority (FRA). Registered in Egypt (no. 804)..© Thndr. All rights reserved

 

Hello👋 We want you to be able to express your opinions on anything and everything finance and economics related to the Egyptian and US markets.

This is why we introduced Thndr Thinkers💭

Let’s go through some housekeeping notes before you jump into publishing your article to all Thndr Claps readers!

Type of Content📝 We want to see market-relevant content that shows good analysis, please! Base your articles on facts 

Don’t be shy, explain🗣 Flex your knowledge to us, and we’ll share it with all the readers!

Be Original🙏 Please don’t copy. No one likes a copycat. All submissions are welcome as long as they’re yours 

Make your title attractive🤩 A title is like the cover of your book. Attractive enough to make you look at the book but also clear enough to tell you what the book is about.

Clean🧹 We’re all humans and we all make mistakes. But please try and clean up the article so it’s clear for all the readers 

No promotional content🚫 We don’t publish promotional content.

Any questions about becoming a Thndr Thinker? Email thndrclaps@thndr.app and we’d be happy to help!

Normally, your article will be published within 24 hours of submission (if you followed the guidelines)