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U.S. inflation jumps to 3.8 percent in April, Ed Krassenstein notes
Ed Krassenstein, co-founder and CFO of NFTz.me and leader of Forum Advertising LLC, reports that U.S. inflation reached 3.8 percent in April, marking the highest level since May 2023.
He notes that prices are now 3.8 percent higher compared to last year, meaning consumers pay $103.80 for goods and services that cost $100 one year ago. Krassenstein adds that fading expectations for near-term Federal Reserve rate cuts are linked to this persistent inflation.
Krassenstein has recently highlighted rising costs in the U.S. energy sector, noting that gas prices climbed from $3.13 to $4.43 since Joe Biden left office. In separate coverage, he reported Justin Sun's sale of his entire 3% TRUMP memecoin stake. These reports follow his ongoing attention to price trends and asset movements.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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