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Fuel price surge triggered by conflict brings pain for consumers but profit gusher for US groups
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Neither the war in the Gulf nor the Covid-Ukraine price spike has taken us back to the stagflationary 1970s
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Producer price index rises for fourth straight month as Strait of Hormuz closure roils supply chains
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A "few" Federal Reserve officials said there was a case for raising interest rates in June, according to minutes released Wednesday from the central bank's meeting last month.
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Fed policymakers' inflation worries weighed on rate cut outlook at Warsh's first meeting Fox BusinessFed officials were split on direction of interest rates at last meeting, minutes show CNBCFed policymakers' inflation concerns grew at June meeting, minutes show ReutersWarsh's First Fed Minutes Highlight Rate Divide Barron's
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Minutes from Kevin M. Warsh's first meeting as chairman showed heightened unease about inflation, which is running at a three-year high.
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With Iran ceasefire "over," Trump shifts to battle for Hormuz AxiosAs U.S.-Iran Cease-Fire Frays, Trump Faces a Muddled War and Unpalatable Options The New York TimesCrude extends rally as US-Iran flare-up rocks peace hopes France 24Inside Trump's Oval Office Decision to Ditch the Iran Ceasefire WSJ
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Trump will attend Kevin Warsh's swearing-in at the White House, the first such ceremony there since Reagan hosted Alan Greenspan in 1987.
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