The US economic growth rate plunged in the first quarter – CNN

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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. 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Now the bank is focused on price stability, taming inflation and ensuring growth is strong.”,”descriptionText”:”European Central Bank President Christine Lagarde says the war in Ukraine has derailed Covid recovery. Now the bank is focused on price stability, taming inflation and ensuring growth is strong.”},{“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. “},{“title”:”US Treasury Secretary: This is what’s hurting pandemic recovery”,”duration”:”00:45″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/04/19/ukraine-war-food-insecurity-economy-pandemic-recovery-janet-yellen-sot-qmb-vpx.cnnbusiness/index.xml”,”videoId”:”business/2022/04/19/ukraine-war-food-insecurity-economy-pandemic-recovery-janet-yellen-sot-qmb-vpx.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220406093912-01-janet-yellen-file-large-169.jpg”,”videoUrl”:”/videos/business/2022/04/19/ukraine-war-food-insecurity-economy-pandemic-recovery-janet-yellen-sot-qmb-vpx.cnnbusiness/video/playlists/business-economy/”,”description”:”US Treasury Secretary Janet Yellen says the war in Ukraine poses an economic threat that’s contributing to inflation and hurting recovery from the pandemic.”,”descriptionText”:”US Treasury Secretary Janet Yellen says the war in Ukraine poses an economic threat that’s contributing to inflation and hurting recovery from the pandemic.”},{“title”:”IMF cuts global growth forecast as war in Ukraine continues”,”duration”:”02:24″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2022/04/19/imf-cuts-global-growth-forecast-stewart-sot-vpx.cnnbusiness/index.xml”,”videoId”:”business/2022/04/19/imf-cuts-global-growth-forecast-stewart-sot-vpx.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220412103124-us-recession-threat-large-169.jpg”,”videoUrl”:”/videos/business/2022/04/19/imf-cuts-global-growth-forecast-stewart-sot-vpx.cnnbusiness/video/playlists/business-economy/”,”description”:”The International Monetary Fund has cut its global growth forecast in half, citing the war in Ukraine. 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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”:”European Central Bank buckles down on price stability “,”duration”:”03:01″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/04/22/european-central-bank-president-inflation-price-stability-qmb-vpx.cnnbusiness/index.xml”,”videoId”:”business/2022/04/22/european-central-bank-president-inflation-price-stability-qmb-vpx.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220422130640-christine-lagarde-european-central-bank-president-large-169.jpg”,”videoUrl”:”/videos/business/2022/04/22/european-central-bank-president-inflation-price-stability-qmb-vpx.cnnbusiness/video/playlists/business-economy/”,”description”:”European Central Bank President Christine Lagarde says the war in Ukraine has derailed Covid recovery. Now the bank is focused on price stability, taming inflation and ensuring growth is strong.”,”descriptionText”:”European Central Bank President Christine Lagarde says the war in Ukraine has derailed Covid recovery. Now the bank is focused on price stability, taming inflation and ensuring growth is strong.”},{“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. “},{“title”:”US Treasury Secretary: This is what’s hurting pandemic recovery”,”duration”:”00:45″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/04/19/ukraine-war-food-insecurity-economy-pandemic-recovery-janet-yellen-sot-qmb-vpx.cnnbusiness/index.xml”,”videoId”:”business/2022/04/19/ukraine-war-food-insecurity-economy-pandemic-recovery-janet-yellen-sot-qmb-vpx.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220406093912-01-janet-yellen-file-large-169.jpg”,”videoUrl”:”/videos/business/2022/04/19/ukraine-war-food-insecurity-economy-pandemic-recovery-janet-yellen-sot-qmb-vpx.cnnbusiness/video/playlists/business-economy/”,”description”:”US Treasury Secretary Janet Yellen says the war in Ukraine poses an economic threat that’s contributing to inflation and hurting recovery from the pandemic.”,”descriptionText”:”US Treasury Secretary Janet Yellen says the war in Ukraine poses an economic threat that’s contributing to inflation and hurting recovery from the pandemic.”},{“title”:”IMF cuts global growth forecast as war in Ukraine continues”,”duration”:”02:24″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2022/04/19/imf-cuts-global-growth-forecast-stewart-sot-vpx.cnnbusiness/index.xml”,”videoId”:”business/2022/04/19/imf-cuts-global-growth-forecast-stewart-sot-vpx.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220412103124-us-recession-threat-large-169.jpg”,”videoUrl”:”/videos/business/2022/04/19/imf-cuts-global-growth-forecast-stewart-sot-vpx.cnnbusiness/video/playlists/business-economy/”,”description”:”The International Monetary Fund has cut its global growth forecast in half, citing the war in Ukraine. The economies of Russia, Ukraine and China are all expected to shrink, adding to the global economic setback. CNN’s Anna Stewart reports. “,”descriptionText”:”The International Monetary Fund has cut its global growth forecast in half, citing the war in Ukraine. The economies of Russia, Ukraine and China are all expected to shrink, adding to the global economic setback. CNN’s Anna Stewart reports. “},{“title”:”How China’s lockdowns may affect the US economy”,”duration”:”02:18″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/04/18/us-inflation-china-economy-supply-chain-egan-sot-newsroom-vpx.cnnbusiness/index.xml”,”videoId”:”business/2022/04/18/us-inflation-china-economy-supply-chain-egan-sot-newsroom-vpx.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220418022542-shanghai-lockdown-file-041722-large-169.jpg”,”videoUrl”:”/videos/business/2022/04/18/us-inflation-china-economy-supply-chain-egan-sot-newsroom-vpx.cnnbusiness/video/playlists/business-economy/”,”description”:”CNN’s Matt Egan explains how the downward direction that China’s economy is headed toward resulting from lockdowns can negatively impact the supply chain crisis and inflation in the US. “,”descriptionText”:”CNN’s Matt Egan explains how the downward direction that China’s economy is headed toward resulting from lockdowns can negatively impact the supply chain crisis and inflation in the US. “},{“title”:”China’s economy headed downward as lockdowns tighten”,”duration”:”03:01″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/04/18/china-economy-gdp-covid-lockdowns-jiang-first-move-vpx.cnnbusiness/index.xml”,”videoId”:”business/2022/04/18/china-economy-gdp-covid-lockdowns-jiang-first-move-vpx.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220131130425-china-economy-pandemic-large-169.jpg”,”videoUrl”:”/videos/business/2022/04/18/china-economy-gdp-covid-lockdowns-jiang-first-move-vpx.cnnbusiness/video/playlists/business-economy/”,”description”:”China’s economy is worsening as Shanghai reports three Covid deaths amid strict lockdown measures. CNN’s Steven Jiang reports how the recent deaths may be putting authorities in a bind amid the country’s zero Covid policy and how the lockdown is starting to dampen the city’s economic growth.”,”descriptionText”:”China’s economy is worsening as Shanghai reports three Covid deaths amid strict lockdown measures. CNN’s Steven Jiang reports how the recent deaths may be putting authorities in a bind amid the country’s zero Covid policy and how the lockdown is starting to dampen the city’s economic growth.”},{“title”:”What the Fed needs to do as recession looms over US economy”,”duration”:”05:27″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/04/15/recession-us-economy-federal-reserve-qmb-vpx.cnnbusiness/index.xml”,”videoId”:”business/2022/04/15/recession-us-economy-federal-reserve-qmb-vpx.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220415134051-bill-dudley-former-federal-reserve-bank-ny-president-large-169.jpg”,”videoUrl”:”/videos/business/2022/04/15/recession-us-economy-federal-reserve-qmb-vpx.cnnbusiness/video/playlists/business-economy/”,”description”:”The Fed is late in handling inflation, Former President and CEO of the Federal Reserve Bank of New York Bill Dudley says. Dudley explains what the Fed needs to do as the US faces risk of a recession. “,”descriptionText”:”The Fed is late in handling inflation, Former President and CEO of the Federal Reserve Bank of New York Bill Dudley says. Dudley explains what the Fed needs to do as the US faces risk of a recession. “},{“title”:”Yellen sends warning to countries ‘indifferent’ to Russian sanctions”,”duration”:”02:33″,”sourceName”:”CNN”,”sourceLink”:”https://www.cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/04/13/yellen-russian-sanctions-china-sot-qmb-intl-vpx.cnn/index.xml”,”videoId”:”business/2022/04/13/yellen-russian-sanctions-china-sot-qmb-intl-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220413101432-us-treasury-secretary-janet-yellen-atlantic-council-special-address-0413-screenshot-large-169.jpg”,”videoUrl”:”/videos/business/2022/04/13/yellen-russian-sanctions-china-sot-qmb-intl-vpx.cnn/video/playlists/business-economy/”,”description”:”Global economic analyst Rana Foroohar spoke with CNN’s Richard Quest about US Treasury Secretary Janet Yellen’s warning to other countries, specifically China, about working with Russia despite sanctions.”,”descriptionText”:”Global economic analyst Rana Foroohar spoke with CNN’s Richard Quest about US Treasury Secretary Janet Yellen’s warning to other countries, specifically China, about working with Russia despite sanctions.”},{“title”:”Why the inflation report is concerning”,”duration”:”02:36″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/04/13/inflation-economy-russia-invasion-egan-sot-vpx.cnnbusiness/index.xml”,”videoId”:”business/2022/04/13/inflation-economy-russia-invasion-egan-sot-vpx.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220411144625-us-inflation-0310-large-169.jpg”,”videoUrl”:”/videos/business/2022/04/13/inflation-economy-russia-invasion-egan-sot-vpx.cnnbusiness/video/playlists/business-economy/”,”description”:”Consumer prices have been rising and multiple factors are influencing the shape and direction of the US economy. CNN’s Matt Egan reports. “,”descriptionText”:”Consumer prices have been rising and multiple factors are influencing the shape and direction of the US economy. CNN’s Matt Egan reports. “},{“title”:”Inflation hits highest level in 40 years”,”duration”:”04:12″,”sourceName”:”CNN”,”sourceLink”:”https://www.cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/04/12/march-inflation-rate-high-romans-newday-sot-vpx.cnn/index.xml”,”videoId”:”business/2022/04/12/march-inflation-rate-high-romans-newday-sot-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220411160535-consumer-price-inflation-march-large-169.jpg”,”videoUrl”:”/videos/business/2022/04/12/march-inflation-rate-high-romans-newday-sot-vpx.cnn/video/playlists/business-economy/”,”description”:”Consumer price inflation has hit 8.5% in March, according to the latest data released from the Bureau of Labor Statistics. CNN’s Christine Romans breaks down rising costs and what may be in store for the US economy.”,”descriptionText”:”Consumer price inflation has hit 8.5% in March, according to the latest data released from the Bureau of Labor Statistics. CNN’s Christine Romans breaks down rising costs and what may be in store for the US economy.”},{“title”:”Soaring food prices are pushing food banks to the brink”,”duration”:”02:56″,”sourceName”:”CNN”,”sourceLink”:”https://cnn.com”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/04/10/food-banks-food-prices-rise-cohen-pkg-vpx.cnn/index.xml”,”videoId”:”business/2022/04/10/food-banks-food-prices-rise-cohen-pkg-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220410084228-food-pantry-large-169.jpeg”,”videoUrl”:”/videos/business/2022/04/10/food-banks-food-prices-rise-cohen-pkg-vpx.cnn/video/playlists/business-economy/”,”description”:”As costs are rising across the US, some food banks are forced to ration supplies leaving vulnerable Americans struggling to survive. CNN’s Gabe Cohen reports.”,”descriptionText”:”As costs are rising across the US, some food banks are forced to ration supplies leaving vulnerable Americans struggling to survive. CNN’s Gabe Cohen reports.”}],’js-video_headline-featured-1eva43n’,”,”js-video_source-featured-1eva43n”,true,true,’business-economy’);if (typeof configObj.context !== ‘string’ || configObj.context.length