Surveillance: For Fed, ‘June’ Now Looks More Like Just ‘Later’
May is ‘off the table,’ and July is more likely, Wells Fargo’s Bryson says
Energy costs — above: oil pumpjacks in San Ardo, California — were an important contributor to the February producer price index released today.
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This week’s economic data can be parsed in many different ways. But there’s one clear conclusion that we can draw: Inflation is staying higher for longer, and that’s going to make the Federal Reserve’s job that much tougher.