CNBC Television published this video item, entitled “Four experts react to May’s hotter-than-expected inflation report” – below is their description.
Harvard’s Jason Furman, American Enterprise Institute’s Michael Strain, Edward Jones’ Mona Mahajan, and Oxford Economics’ Kathy Bostjancic join CNBC’s ‘Squawk Box’ to break down May’s consumer price index report.
CNBC Television YouTube Channel
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About This Source - CNBC Television
CNBC is an American pay television business news channel, which primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.
As of February 2015, CNBC is available to approximately 93,623,000 pay television households (80.4% of households with television) in the United States.
In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.