The cost of the fuel has been rising in recent weeks and could spike this winter because of supply problems, analysts warn.
Category: Inflation (Economics)
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Inflation Measure Favored by the Fed Cooled in August
The Personal Consumption Expenditures Index climbed more slowly, after cutting out food and fuel prices for a sense of the underlying trend.
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Why High Interest Rates and Energy Prices Are Stressing the Economy
Treasury rates and oil and gasoline prices have been increasing, putting the Fed in a difficult spot, our columnist says.
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Wall Street on Edge After Worst Month of the Year
A series of potential problems, including rising oil prices and labor strikes, have prompted a much warier mood among investors.
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Eurozone Inflation Rate Drops to 4.3 Percent
Prices rose at the slowest rate since before the Ukraine war, as inflation in fuel and food eased.
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European Central Bank Is Studying A.I. as a New Tool
Artificial intelligence may help policymakers understand inflation and regulate big lenders, the central bank said.
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New York Is Rebounding for the Rich. Nearly Everyone Else Is Struggling.
The huge income gap between rich and poor in Manhattan is the latest sign that the economic recovery from the pandemic has been lopsided in New York City.
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How West Africa Can Reap More Profit From the Global Chocolate Market
Resource-rich countries like Ghana are often cut out of lucrative parts of the business like manufacturing. The “fairchain movement” wants to change that.
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One Casualty of a Shutdown: Government Data
A lapse in funding would delay data on unemployment and inflation as policymakers try to avoid a recession.
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Oil Prices on a March Toward $100 a Barrel
Analysts have raised their forecasts for oil prices, as they try to understand Saudi Arabia’s intentions with recent production cuts.
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U.S. Government Shutdown Is Unlikely to Cause an Immediate Recession
White House and Wall Street estimates suggested the economy could withstand a brief shutdown, with risks mounting the longer it lasts.
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As Fed Battles Inflation, the Dollar Keeps Its Swagger
The U.S. currency has been on a tear, and the Fed’s decision to keep interest rates steady is likely to keep the dollar “higher for longer,” our columnist says.