Now that the dust has settled on the May jobs report, Wall Street turns its undivided (ok, very divided) attention to the other half of the Federal Reserve’s dual mandate: inflation. This week we’ll get the consumer and wholesale inflation reports. The key question is whether higher fuel prices are metastasizing into consumer prices for…Read more
Certain There’s More Uncertainty The Federal Open Market Committee (FOMC) did not change its benchmark interest rate Wednesday — no news there. And if you were hoping for any definitive statement on whether the Iran war changes the expectations for the year, sorry, all we got was a simple statement that it raises uncertainty. The…Read more
At a Glance As shockwaves from the war with Iran upend global energy markets, the focus will be on inflation here in the U.S. Crude oil prices have spiked since fighting broke out at the end of February, and consumers are already seeing higher prices at the gas pump. Over time, higher energy costs can…Read more
