Key inflation metrics reflect a more-than-tolerable range of inflation that requires no further tightening of monetary policy. … READ MORE >
retail prices
Wholesale gasoline prices point to 8% rise in retail costs in time for summer holidays
U.S. consumers are likely to feel a modest jolt in commuting costs, as wholesale gasoline futures now point to an 8 percent rise in retail gasoline prices in coming days, with risk of a much more pronounced increase to follow.The surge is due to non-market derived pricing action caused by a recent policy shift from Washington on waivers around imports of Iranian oil. … READ MORE >