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THEAMERICANCONSERVATIVE (Joseph Addington) - March Producer Prices Rose Less Than Expected

State of the Union: Increases were driven by high energy prices caused by the Iran war. The post March Producer Prices Rose Less Than Expected appeared first on The American Conservative .

U.S. producer prices rose in March less than economists expected , despite energy costs surging as a result of the war with Iran. The Bureau of Labor Statistics said Tuesday that the annual producer price index for final demand increased 4 percent. Despite beating projections, this hike remains the largest annual increase since February 2023. The index is up 0.5 percent last month against an expected hike of 1.1 percent; the increase matches the 0.5 percent increase in producer prices in February. Goods prices jumped 1.6 percent, led by an 8.5 percent increase in energy and a 15.7 percent surge in gasoline, while services prices were unchanged.  Producer price increases are considered a leading indicator of consumer inflation. Many…Open

AXIOS (Kelly Tyko) - Why high beef prices are driving more Americans to steakhouses

Steak-hungry Americans are skipping the meat aisle — and heading to restaurants instead. Why it matters: Sky-high grocery prices , especially for beef, are reshaping how people consume one of the most expensive proteins — and narrowing the gap between cooking at home and dining out. - Steak has become one of the most expensive items at the grocery store. - The average price for uncooked beef steaks is now about $12.74 per pound — a record high, federal data shows . Driving the news: Darden Restaurants said Thursday its LongHorn Steakhouse chain posted 7.2% same-store sales growth, far outpacing other brands in its portfolio. - At the same time, executives pointed to "double-digit demand destruction" for beef at retail — a…

Steak-hungry Americans are skipping the meat aisle — and heading to restaurants instead. Why it matters: Sky-high grocery prices , especially for beef, are reshaping how people consume one of the most expensive proteins — and narrowing the gap between cooking at home and dining out. - Steak has become one of the most expensive items at the grocery store. - The average price for uncooked beef steaks is now about $12.74 per pound — a record high, federal data shows . Driving the news: Darden Restaurants said Thursday its LongHorn Steakhouse chain posted 7.2% same-store sales growth, far outpacing other brands in its portfolio. - At the same time, executives pointed to "double-digit demand destruction" for beef at retail — a…Open

YOUTUBE (NewsNation) - Wall Street awaits PPI report and Fed rate cut | Morning in America

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All eyes are on Wall Street as the producer price index, which measures wholesale inflation trends, is set to be released Thursday morning. If the report shows the PPI rose by more than 0.3% last month, a sign of higher inflation, Americans will likely see the stock market react negatively. NewsNation’s Alicia Nieves joins “Morning in America” with the latest from Wall Street. Start your day with "Morning in America," NewsNation's live three-hour national morning newscast hosted by Markie Martin. Weekdays starting at 6a/5C. #MorningInAmerica NewsNation is your source for fact-based, unbiased news for all Americans.