Gasoline prices are spiking. That's a problem for Powell and the Fed | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 95%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Prices at the gas pump are suddenly surging, causing headaches for consumers and central bankers alike.

The two-day jump in gasoline prices — the biggest in a year — is combining with a rally in wheat and other agricultural commodities. A lasting spike in food and fuel prices would unravel progress on the inflation front, potentially forcing the Federal Reserve to continue raising interest rates. The national average price for a gallon of regular gasoline climbed to a three-month high of $3.69 on Wednesday, according to AAA.

“If we’re going to have a one and done, we’re going to have to see inflation to cool. And that’s contingent on commodity prices,” said Joe Brusuelas, chief economist at RSM. Brusuelas said rising food and fuel prices would be problematic. “That could really unnerve policymakers,” he said.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 4. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

It's the 'late-day selloff' in stocks that characterizes Fed days under PowellThe stock market lately is prone to falling on Federal Reserve rate decision days, particularly in late afternoon when Chairman Jerome Powell starts talking,...
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »