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Bloomberg Markets

ECB Hikes for First Time Since 2023 as Inflation Heats Up

ECB Hikes for First Time Since 2023 as Inflation Heats Up
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The European Central Bank raised interest rates for the first time in almost three years, concluding it can no longer wait out the Iran war as inflation pressures intensify.

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Bloomberg Markets

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In April, the price of tomatoes was around $2.69 per pound — the highest seen in some four decades. So what's driving the price spike? Jacob Krempel, senior vice president of procurement and merchandising at the wholesale food distributor Baldor, joins Tracy Alloway and Joe Weisenthal to unpack why consumers are paying more and more at the grocery store. (Source: Bloomberg)

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