New home sales plunge as high prices and rising U.S. mortgage rates discourage buyers

Sales of new homes in the U.S. fell in April for the fourth month in a row to the lowest level since the pandemic owing to high prices and soaring mortgage rates.

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CBS News poll: Americans feel uneasy as economic concerns grow

America’s mood is uneasy and worried. Amid continued inflation and stock market declines, large majorities describe their mood as such, and the percentage who call the economy bad has hit highs for the Biden presidency. 

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Gasoline Tops $4 a Gallon in Every US State for the First Time

Gasoline pump prices have risen above $4 a gallon in all states in the US for the first time ever as the last holdouts — Kansas, Oklahoma and Georgia — saw prices rise overnight, according to auto club AAA.

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National gas price average hits new high on Sunday at $4.47 per gallon

The average price for a gallon of gasoline in the U.S. rose to a record Sunday morning to $4.47, according to the latest numbers from AAA. The price on Saturday was $4.452. 

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Wholesale inflation rose 11% in April as producer prices keep accelerating

The producer price index, which tracks how much manufacturers get for products at their initial sale, rose 0.5% on the month and 11% from a year ago, a decrease from the record 11.5% in March that was revised upward 0.3 percentage points.

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National average for gasoline hits record $4.37 a gallon

Gasoline prices surged to the highest level on record Tuesday as oil holds steady above $100 a barrel, contributing to inflationary pressures across the economy.

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