Consumer debt soared by $52 billion in March – CNN

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CNN’s Clare Sebastian reports on the resulting supply chain issues, rising costs and a dent to their profits. “},{“title”:”How the rise in interest rates will affect some Americans “,”duration”:”01:20″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/05/05/fed-interest-rate-hike-market-reaction-quest-sot-newsroom-vpx.cnnbusiness/index.xml”,”videoId”:”business/2022/05/05/fed-interest-rate-hike-market-reaction-quest-sot-newsroom-vpx.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220504135143-federal-reserve-building-0504-large-169.jpg”,”videoUrl”:”/videos/business/2022/05/05/fed-interest-rate-hike-market-reaction-quest-sot-newsroom-vpx.cnnbusiness/video/playlists/business-economy/”,”description”:”Investors are reacting to the Federal Reserve raising interest rates. 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Wade”,”duration”:”02:40″,”sourceName”:”CNN”,”sourceLink”:”https://cnn.com”,”videoCMSUrl”:”/video/data/3.0/video/economy/2022/05/05/jared-bernstein-overturning-roe-vs-wade-economic-impact-sot-newday-vpx.cnn/index.xml”,”videoId”:”economy/2022/05/05/jared-bernstein-overturning-roe-vs-wade-economic-impact-sot-newday-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220505082631-john-bernstein-large-169.jpg”,”videoUrl”:”/videos/economy/2022/05/05/jared-bernstein-overturning-roe-vs-wade-economic-impact-sot-newday-vpx.cnn/video/playlists/business-economy/”,”description”:”Jared Bernstein, member of the White House Council of Economic Advisers, says economic research shows restricting reproductive rights leads to “persistently worse economic outcomes” for women.”,”descriptionText”:”Jared Bernstein, member of the White House Council of Economic Advisers, says economic research shows restricting reproductive rights leads to “persistently worse economic outcomes” for women.”},{“title”:”Fed raises interest rates as it tries to catch up with inflation “,”duration”:”02:00″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/05/04/fed-raises-interest-rates-half-percent-egan-sot-newsroom-vpx.cnnbusiness/index.xml”,”videoId”:”business/2022/05/04/fed-raises-interest-rates-half-percent-egan-sot-newsroom-vpx.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220504141542-02-jerome-powell-presser-0504-large-169.jpg”,”videoUrl”:”/videos/business/2022/05/04/fed-raises-interest-rates-half-percent-egan-sot-newsroom-vpx.cnnbusiness/video/playlists/business-economy/”,”description”:”The Federal Reserve is raising interest rates by 0.5%, the highest percentage-point hike in more than two decades. The move comes as the US economy faces rising inflation and recession threats. CNN’s Matt Egan reports. “,”descriptionText”:”The Federal Reserve is raising interest rates by 0.5%, the highest percentage-point hike in more than two decades. The move comes as the US economy faces rising inflation and recession threats. CNN’s Matt Egan reports. “},{“title”:”Redfin Chief Economist: Despite signs of the housing market cooling, prices will stay high”,”duration”:”02:42″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2022/05/04/daryl-fairweather-redfin-housing-markets-now.cnn/index.xml”,”videoId”:”business/2022/05/04/daryl-fairweather-redfin-housing-markets-now.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210803093034-us-housing-market-0730-large-169.jpg”,”videoUrl”:”/videos/business/2022/05/04/daryl-fairweather-redfin-housing-markets-now.cnn/video/playlists/business-economy/”,”description”:”Redfin’s Daryl Fairweather says a brief downturn during the pandemic is over and housing will remain hot for the foreseeable future.”,”descriptionText”:”Redfin’s Daryl Fairweather says a brief downturn during the pandemic is over and housing will remain hot for the foreseeable future.”},{“title”:”Former NY Fed chief: Fed was ‘very late’ in addressing inflation”,”duration”:”02:16″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2022/05/02/bill-dudley-matt-egan-inflation-fed-zw-orig.cnn-business/index.xml”,”videoId”:”business/2022/05/02/bill-dudley-matt-egan-inflation-fed-zw-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220502145517-bill-dudley-former-president-federal-reserve-bank-of-new-york-large-169.jpg”,”videoUrl”:”/videos/business/2022/05/02/bill-dudley-matt-egan-inflation-fed-zw-orig.cnn-business/video/playlists/business-economy/”,”description”:”Federal Reserve chairman Jerome Powell is facing a delicate dance with interest rates. Former president and CEO of the Federal Reserve Bank of New York Bill Dudley breaks down why a “soft landing” will be difficult to pull off.”,”descriptionText”:”Federal Reserve chairman Jerome Powell is facing a delicate dance with interest rates. Former president and CEO of the Federal Reserve Bank of New York Bill Dudley breaks down why a “soft landing” will be difficult to pull off.”},{“title”:”Analyst: ‘Lockdown in Shanghai will rock China’s economy'”,”duration”:”02:56″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/04/29/shanghai-covid-lockdown-china-economy-lu-stout-vpx.cnnbusiness/index.xml”,”videoId”:”business/2022/04/29/shanghai-covid-lockdown-china-economy-lu-stout-vpx.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220429084825-shipping-containers-large-169.jpg”,”videoUrl”:”/videos/business/2022/04/29/shanghai-covid-lockdown-china-economy-lu-stout-vpx.cnnbusiness/video/playlists/business-economy/”,”description”:”Containers piling up at Shanghai’s port and flight suspensions are putting pressure on global supply chains. CNN’s Kristie Lu Stout reports on the economic consequences of China’s zero-Covid strategy.”,”descriptionText”:”Containers piling up at Shanghai’s port and flight suspensions are putting pressure on global supply chains. CNN’s Kristie Lu Stout reports on the economic consequences of China’s zero-Covid strategy.”},{“title”:”‘We really shouldn’t panic’: CNN reporter breaks down US economy shrinkage”,”duration”:”01:32″,”sourceName”:”CNN”,”sourceLink”:”https://cnn.com”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/04/28/us-economy-shrinkage-aqa-egan-newsroom-ldn-vpx.cnn/index.xml”,”videoId”:”business/2022/04/28/us-economy-shrinkage-aqa-egan-newsroom-ldn-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220428151905-video-thumbnail-us-economy-1-large-169.jpg”,”videoUrl”:”/videos/business/2022/04/28/us-economy-shrinkage-aqa-egan-newsroom-ldn-vpx.cnn/video/playlists/business-economy/”,”description”:”The US economy shrank in the first quarter of 2022, declining at an annual rate of 1.4%. CNN’s Matt Egan explains the driving factors behind this. “,”descriptionText”:”The US economy shrank in the first quarter of 2022, declining at an annual rate of 1.4%. CNN’s Matt Egan explains the driving factors behind this. “},{“title”:”‘Puts me on the street’: Americans forced out of homes as rents skyrocket”,”duration”:”02:58″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/04/27/rising-rent-prices-us-yurkevich-pkg-the-lead-vpx.cnnbusiness/index.xml”,”videoId”:”business/2022/04/27/rising-rent-prices-us-yurkevich-pkg-the-lead-vpx.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220427145238-housing-crisis-rising-rent-yurkevich-pkg-large-169.jpg”,”videoUrl”:”/videos/business/2022/04/27/rising-rent-prices-us-yurkevich-pkg-the-lead-vpx.cnnbusiness/video/playlists/business-economy/”,”description”:”Amid rising inflation and higher property taxes and mortgage rates, Americans are witnessing rent increases. CNN’s Vanessa Yurkevich met with some of those struggling through the housing affordability crisis. “,”descriptionText”:”Amid rising inflation and higher property taxes and mortgage rates, Americans are witnessing rent increases. CNN’s Vanessa Yurkevich met with some of those struggling through the housing affordability crisis. “},{“title”:”Inside the American struggle with rising energy prices”,”duration”:”03:08″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/04/26/energy-costs-rising-america-impact-cohen-dnt-the-lead-vpx.cnnbusiness/index.xml”,”videoId”:”business/2022/04/26/energy-costs-rising-america-impact-cohen-dnt-the-lead-vpx.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220426152543-energy-costs-rising-large-169.jpg”,”videoUrl”:”/videos/business/2022/04/26/energy-costs-rising-america-impact-cohen-dnt-the-lead-vpx.cnnbusiness/video/playlists/business-economy/”,”description”:”Americans are seeing a rise in their energy bills and many of them are struggling to keep up with the spikes in cost. CNN’s Gabe Cohen offers a glimpse into the lives of some of those battling the energy crisis.”,”descriptionText”:”Americans are seeing a rise in their energy bills and many of them are struggling to keep up with the spikes in cost. CNN’s Gabe Cohen offers a glimpse into the lives of some of those battling the energy crisis.”},{“title”:”3 reasons why Deutsche Bank is forecasting a recession”,”duration”:”01:21″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/04/26/us-recession-deutsche-bank-egan-sot-newsroom-vpx.cnnbusiness/index.xml”,”videoId”:”business/2022/04/26/us-recession-deutsche-bank-egan-sot-newsroom-vpx.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/211219152818-deutsche-bank-logo-large-169.jpg”,”videoUrl”:”/videos/business/2022/04/26/us-recession-deutsche-bank-egan-sot-newsroom-vpx.cnnbusiness/video/playlists/business-economy/”,”description”:”Deutsche Bank predicts a “major recession” in the US, amid high inflation and investor concerns. CNN’s Matt Egan reports. “,”descriptionText”:”Deutsche Bank predicts a “major recession” in the US, amid high inflation and investor concerns. CNN’s Matt Egan reports. “},{“title”:”Forget oil. Here’s how Russia’s war in Ukraine is jacking up food prices.”,”duration”:”01:48″,”sourceName”:”CNN”,”sourceLink”:”cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/04/25/food-prices-ukraine-russia-romans-orig.cnn/index.xml”,”videoId”:”business/2022/04/25/food-prices-ukraine-russia-romans-orig.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220425090155-01-ukraine-gallery-update-042522-large-169.jpg”,”videoUrl”:”/videos/business/2022/04/25/food-prices-ukraine-russia-romans-orig.cnn/video/playlists/business-economy/”,”description”:”Russia’s invasion of Ukraine shook up the oil market, but the disruption to global food supplies could lead to hunger and spark social unrest in parts of the world.”,”descriptionText”:”Russia’s invasion of Ukraine shook up the oil market, but the disruption to global food supplies could lead to hunger and spark social unrest in parts of the world.”},{“title”:”Why mortgage rates will likely continue to rise”,”duration”:”01:50″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/04/21/home-prices-mortgage-rates-rising-yurkevich-vpx.cnnbusiness/index.xml”,”videoId”:”business/2022/04/21/home-prices-mortgage-rates-rising-yurkevich-vpx.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220413151907-us-home-mortgage-rates-large-169.jpg”,”videoUrl”:”/videos/business/2022/04/21/home-prices-mortgage-rates-rising-yurkevich-vpx.cnnbusiness/video/playlists/business-economy/”,”description”:”Home prices are up 15% year to year, amid strong demand and low supply. Mortgage rates and rental prices, meanwhile are also up. CNN’s Vanessa Yurkevich reports. “,”descriptionText”:”Home prices are up 15% year to year, amid strong demand and low supply. Mortgage rates and rental prices, meanwhile are also up. CNN’s Vanessa Yurkevich reports. “}],’js-video_headline-featured-bvhrz9′,”,”js-video_source-featured-bvhrz9″,true,true,’business-economy’);if (typeof configObj.context !== ‘string’ || configObj.context.length

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