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  3. Key #inflation gauge jumps to highest level in 3 years as #GasPrices soared, the latest sign that the #IranWar is pushing up the #CostOfLiving & [should be] delaying any #InterestRate cuts by the #FederalReserve.

Key #inflation gauge jumps to highest level in 3 years as #GasPrices soared, the latest sign that the #IranWar is pushing up the #CostOfLiving & [should be] delaying any #InterestRate cuts by the #FederalReserve.

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oilinflationgaspricesiranwarcostofliving
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  • nonilex@masto.aiN This user is from outside of this forum
    nonilex@masto.aiN This user is from outside of this forum
    nonilex@masto.ai
    wrote last edited by
    #1

    Key #inflation gauge jumps to highest level in 3 years as #GasPrices soared, the latest sign that the #IranWar is pushing up the #CostOfLiving & [should be] delaying any #InterestRate cuts by the #FederalReserve.

    …Excluding the volatile #food & #energy categories, core inflation rose 0.3% in March from February, & it was 3.2% higher than a year earlier. The annual figure is above February’s reading of 3%.

    #Trump #economy #TrumpsWar #law #NationalSecurity #oil
    https://apnews.com/article/consumer-prices-gas-inflation-5c2037950e57d8e5d402a40b8fc41384

    timfinnerty@toot.ioT 1 Reply Last reply
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    • nonilex@masto.aiN nonilex@masto.ai

      Key #inflation gauge jumps to highest level in 3 years as #GasPrices soared, the latest sign that the #IranWar is pushing up the #CostOfLiving & [should be] delaying any #InterestRate cuts by the #FederalReserve.

      …Excluding the volatile #food & #energy categories, core inflation rose 0.3% in March from February, & it was 3.2% higher than a year earlier. The annual figure is above February’s reading of 3%.

      #Trump #economy #TrumpsWar #law #NationalSecurity #oil
      https://apnews.com/article/consumer-prices-gas-inflation-5c2037950e57d8e5d402a40b8fc41384

      timfinnerty@toot.ioT This user is from outside of this forum
      timfinnerty@toot.ioT This user is from outside of this forum
      timfinnerty@toot.io
      wrote last edited by
      #2

      @Nonilex But the #US is self-sufficient in oil and gas? Follow the money.

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