“This may be the last year-over-year print we see around 2.4% for a while as CPI potentially moves back towards 3% or above,” Skyler Weinand, chief investment officer at Regan Capital, wrote shortly after the data was released, U.S. News reported.

#InflationNation

Flights are already getting more expensive after jet fuel spike. When should you book? Some airlines are already raising fares after a historic surge in jet-fuel costs.

“Airlines never met a higher fare they didn’t want,” Scott Keyes, the founder of flight-deal company Going, previously known as Scott’s Cheap Flights, tells CNBC.

#IranWar
#InflationNation

Goldman Sachs raises Q4 Brent, WTI crude price forecast amid longer Hormuz disruption Goldman Sachs raised its Brent, WTI crude oil price forecasts for the fourth quarter of 2026 to $71/67 per barrel from $66/62 as it sees longer ​disruption to oil flows in the Strait of Hormuz due to ...

Goldman analysts in a note on Thursday said they now assume 21 days of low Strait of Hormuz (SoH) oil flows at 10% of normal levels followed by a 30-day gradual recovery, compared with their earlier expectation of a 10-day disruption, Reuters reported.

(It's Day 12 of Iran War)

#InflationNation

Oil surges over 7% despite record reserve release announcement as markets doubt supply relief The IEA said Wednesday that its 32 member countries would release 400 million barrels of oil from emergency reserves.

“Prices right now are still in panic mode. There is a lot of emotion, fear, uncertainty built into the price that we see,” said Pavel Molchanov, senior investment strategist at Raymond James.

#InflationNation

Inflation was steady in February before the Iran war drove up gas prices The consumer price index rose 0.3% month over month, and 2.4% from one year ago.

“With oil prices up roughly $30 in recent weeks — and potentially heading toward triple digits — investors are far more focused on how the conflict feeds into inflation over the months ahead,” wrote Principal Asset Management’s Seema Shah in a note, CNBC reported.

#InflationNation

U.S. Gasoline Prices, Rising Again, Hit $3.48 a Gallon

The average price of U.S. gasoline reached $3.48 a gallon, according to data from the AAA motor club. That is a nearly 17 percent increase since the first U.S.-Israeli attacks on Iran on Feb. 28. Gas hasn’t been at these levels since 2024, The Times reported.

#InflationNation

Drivers can expect another gas price surge this week The national average could hit $4 a gallon within the next month, says Gasbuddy.com.

“As a result, gasoline prices in many states could climb another 20 to 50 cents per gallon this week,” predicts Patrick De Haan with the fuel tracking website Gasbuddy.com, The Minnesota Star Tribune reported.

#EpsteinWar
#InflationNation

Iran conflict forces central banks into sharp policy rethink The escalating crisis in the Middle East has dramatically changed the outlook for global central banks, with the huge supply shock posing a ​difficult trade-off between underpinning growth and counter...

"We are seeing resilience tested again by the new conflict in the Middle East," IMF Managing Director ⁠Kristalina Georgieva said today in Tokyo, Reuters reported.

"My advice to policymakers in this new global environment is think of the unthinkable ​and prepare for it."

#InflationNation

Oil prices top $100 per barrel as big Middle East producers cut output amid Iran war Gulf Arab oil producers are cutting production as they run out of storage space because they can't export through the Strait of Hormuz

The last time oil prices topped $100 per barrel was after Russia invaded Ukraine in 2022, CNBC reported.

#InflationNation

White House worries as gas prices jump amid ongoing US-Israel war on Iran US drivers are largely insulated from higher oil prices caused by Middle East turmoil – but only to a point

Even if oil prices stayed at current levels, Patrick De Haan, head of petroleum analysis at Gas Buddy, expects retail prices could gain another 20 to 25 cents a gallon, which could push the nationwide average to $3.40, The Guardian reported.

#InflationNation

The U.S. unexpectedly loses 92,000 jobs, adding to worries about the economy The job market showed further signs of weakness last month as employers cut 92,000 jobs. The unemployment rate inched up to 4.4%, from 4.3% in January.

The weaker than expected jobs report comes as Americans are already anxious about the high cost of living. Those affordability concerns will likely be amplified as the war in Iran has triggered a sharp rise in energy prices, NPR reported.

#JobCuts
#InflationNation
#AI

Jobs are falling. Spending is, too. That’s a problem | CNN Business One of the main pillars propping up the US economy — consumer spending — may be starting to crack.

Retail sales declined 0.2% in January from the prior month, the Commerce Department said Friday, the biggest decline since May. January’s reading came in below expectations of 0%, according to a poll of economists by data firm FactSet, XNN reported.

#InflationNation

Dow Plunges More Than 1,000 Points As Oil Rallies Oil prices have rallied to a nearly two-year high since the U.S. attacked Iran over the weekend.

Retail gasoline prices in the U.S. have jumped nearly 27 cents since last week to $3.25 per gallon on average, according to the motorist group AAA, CNBC reported.

The last time gas prices made a similar jump was in March 2022 after Russia invaded Ukraine, the group said.

#InflationNation

What If the Iran War Is Not Short-Lived? Analysts say a drawn-out conflict could have dramatic consequences for energy markets and inflation.

“If this were to go on for weeks or months, you can’t stop 20%-30% of the world’s seaborne oil and not have some massive reaction,” says Lucas White, lead portfolio manager for GMO’s Resources, Climate Change, and Quality Spectrum strategies, Morningstar reports.

#InflationNation

"The reforms proposed and already made to aid the data centers will have implications for the health and safety, as well as economic well-being of citizens in every state. Both state and federal policymakers have a role," writes Mike Jacobs.

#DataCenters
#ElectricBill
#InflationNation

Gas prices see biggest single-day spike in 3 years as Iran war jolts market The national average price of unleaded gas hit $3.11 per gallon on Tuesday, up 11 cents overnight.

The national average price of unleaded gas hit $3.11 per gallon on Tuesday, up 11 cents overnight, according to AAA.

It was the biggest single-day spike since March 4, 2022, according to GasBuddy analyst Patrick De Haan, Axios reported.

#InflationNation

U.S. Court of Appeals yesterday shot down the Trump administration’s attempt to delay refunding billions of dollars’ worth of tariffs the Supreme Court ruled are illegal, but until Trump returns our money, federal debt is piling up by the millions in interest payments alone.

#InflationNation

“But most shipowners were avoiding transits through the strait of Hormuz after insurers cancelled the war risk coverage for vessels in certain areas of the region,” Sheel Bhattacharjee, head of freight pricing in Europe at Argus Media, told CNBC by email.

#InflationNation

Oil jumps, Asian markets slide as Iran closes Hormuz Brent nears $80 after touching five-month high as Strait of Hormuz shutdown stokes supply fears; Asian stocks tumble, Wall Street futures dip amid widening Middle East conflict

The gains came after Iranian drones struck the largest oil refinery in Saudi Arabia and major gas facilities in Qatar. Iranian media also reported that a fuel tanker flying the Honduran flag caught fire in the strait after being hit by two drones, YNet News reported.

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"The moment the market just gets that headline that, you know -- the strait is closed, there's no more crude flowing and so on -- that's when panic is going to set in," said Amena Bakr, head of Middle East and OPEC+ research at Kpler trade intelligence company, RFE/RL reported.

#InflationNation

U.S. crude oil set to top $70 a barrel when trading begins on fears of Iran supply disruption It is unclear who is governing Iran, the fourth-largest oil producer in OPEC, after U.S.-Israel strikes killed Ayatollah Ali Khamenei.

“Tankers are starting to build by the Strait of Hormuz, but nothing seems to be going through at the moment – tankers are definitely spooked,” said Matt Smith, oil analyst at energy consulting firm Kpler, CNBC reported.

#InflationNation
#EpsteinWar

The US attacked Iran. Here's what that means for you at the gas pump. Oil prices rose on fears of war. Now the U.S. and Israeli military strikes on Iran could disrupt oil exports and drive up gas prices.

We hope it's quick and all American armed forces return home safely.

#InflationNation

Trump claims tech companies will sign deals next week to pay for their own power supply Rising electricity are a growing headache for Trump and Big Tech.

Household electricity bills already increased 13 percent nationally in 2025, according to a December report from advocacy group Climate Power, The Verge reported.

Data center electricity demand alone is expected to double or triple by 2028, according to Department of Energy.

#AI
#InflationNation

The $134-billion question: Who will get a tariff refund? | CNN Business The battle is just starting for the 300,000 businesses that want $134 billion in tariffs refunded.

“Companies are highly unlikely to start trimming their prices as a result,” Stephanie Roth, chief economist at Wolfe Research, told CNN.

“Walmart is not going to give you a check for the 15% tariff on sneakers you bought from them four months ago.”

#Tariffs
#InflationNation

Inflation rose faster than expected in December The figures show that inflation remains elevated, even as it has come down from a peak near 7% in 2022.

"In December, prices climbed for furniture, clothing, and groceries. Gas prices fell, but the cost of electricity rose and natural gas costs soared 3.7% just in December from the previous month," AP reported.

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Bold text rant about wages and food prices over a dark background with a glowing green skeleton, giving the whole thing a dramatic end-of-the-economy vibe.

Capitalism said “trust the market” and the market sent a skull emoji

#TrustTheSkull #MarketSaidOops #LateStagePlotTwist #InflationNation #BoneDryWages #GrimEconomics #EatTheRich #SkullOfApproval #NumberCrunchNightmare #FinanceCore #Memes #Funny #Lol #Meme #Haha #MemeOfTheDay

Supreme Court ruling offers little relief for Republicans divided on Trump's tariffs Some Republicans seemed relieved at the news that the Supreme Court had struck down President Donald Trump’s global tariff regime.

Midsize U.S. businesses have had to absorb the import taxes by passing them along to customers in the form of higher prices, employing fewer workers or accepting lower profits, according to an analysis by the JPMorganChase Institute, AP reported.

#Tariffs
#InflationNation

VOS Selections owner Victor Schwartz risked his business to challenge Trump’s tariffs | CNN Business When President Donald Trump announced plans to raise the nation’s effective tariff rate to levels not seen since 1930 on April 2, 2025, most CEOs were silent. They’d seen how voicing opposition to any...

“We can’t just raise our prices, and we just can’t pay it, unlike big companies that can just write a check,” Victor Schwartz, owner of small New York-based wine importer VOS Selections, told CNN. Since April, he estimates he’s had to pay at least six figures in tariffs.

#Tariffs
#InflationNation

Fourth-quarter U.S. GDP up just 1.4%, badly missing estimate; inflation firms at 3% The core PCE price index was expected to increase 3% from a year ago in December. GDP was projected to rise at a 2.5% pace in Q4.

GDP rose just 1.4% last quarter, according to the Commerce Department, well below the Dow Jones estimate for a 2.5% gain, CNBC reported.

At the same time, inflation held firm in December, according to gauge most closely watched by Fed officials that increased 3% from a year ago.

#InflationNation

Americans could face high beef prices for years Beef prices have climbed to record or near-record levels in many U.S. markets, straining household grocery budgets

Drought, higher costs, interest rates and reluctance to expand led to smaller U.S. cattle herds, Texas A&M economist David Anderson tells BRN. "What that tells us is fewer cows, less beef production, and from a supply standpoint, some more pressure for higher prices in the future."

#InflationNation