Newsletter

Financial Express for May 22 | US Inflation | TSA | Fast & Furious 10

[Newyddion Brenhinllin Tang Newydd, amser Beijing, Mai 23, 2023]Let’s look at today’s financial bulletin.

Survey: US inflation remains high this year and next

Top US economists expect US inflation to remain above the Federal Reserve’s 2 percent target this year and next, a survey showed. The US inflation figure for the month was 4.9%. Separately, another key inflation measure that the Fed is watching closely, the core personal expenditure expenditure price index, fell to 3 per cent in the fourth quarter of this year and 2.2 per cent in the fourth quarter of next year , according to the survey.

With an uncertain economic outlook, increasing savings is the first choice for most Americans

Economic uncertainty is causing 60% of Americans to postpone planned purchases in order to spend less and save more, according to a study. 36% of them postpone daily expenses such as eating out and buying new clothes. Twenty-nine percent are putting off major purchases such as renovating their home or buying a new car. Even high-net-worth individuals with total household investable assets of more than $1 million are putting off big spending and boosting their savings.

Air travel from the United States soars to a new pandemic high

US air travel hit a new pandemic-era high on Friday. More than 2.6 million people were screened at airports across the US, a 10% increase from the same day last year and surpassing the pandemic-era record set last year on the Sunday after Thanksgiving, the TSA said . And the upcoming Memorial Day weekend is also expected to lead to a wave of travel. The number of flights is expected to be 11% higher than the same period in 2019.

“Fast and Furious 10” debuts at the North American weekend box office

The action-adventure film “Fast and Furious 10” debuted in North America last weekend, with an income of 67.5 million US dollars, leading the weekend box office in North America. As the final chapter of the “Fast and Furious” series, the film’s global box office has reached 319 million US dollars, which is the second best opening performance in the world this year. Superhero flick “Guardians of the Galaxy Vol. 3” slipped to No. 2, with $32 million over the weekend. “Super Mario Bros. The Movie” came in third with $9.8 million.