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NJ Spotlight News | Business Report: Another inflation indicator | Season 2022

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Producer price index shows surge in the cost of producing goods
The video at the provided URL is a business report segment from PBS NewsHour, focusing on several key economic issues. It discusses the Federal Reserve's decision to raise interest rates by a quarter percentage point, aiming to combat inflation while trying to avoid a recession. The report also covers the ongoing U.S. debt ceiling negotiations, highlighting the potential economic consequences of a default if an agreement is not reached. Additionally, it touches on the labor market, noting a slight increase in unemployment claims but still robust job growth. The segment concludes with a brief analysis of the impact of these economic factors on consumer spending and market stability.

Read the Full PBS Article at:
[ https://www.pbs.org/video/business-report-1657824612/ ]