It happens whenever there’s a sharp rise in gasoline or oil prices. Pundits focus on the increases and cry foul if broad inflation gauges don’t confirm the price hikes at the pump. But it’s short-sighted to assume that a spike in energy prices will automatically lead to higher inflation overall.
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House Democrats subpoena Deutsche Bank in probe of Trump finances: Politico
Trump and Pompeo downplay N. Korea’s deadline re: nuclear talks: Reuters
Bernie Sanders releases a decade of tax returns: The Hill
Will US foreign policy re: Iran and Venezuela roil the oil market? NY Times
NY Fed Mfg Index rose in April, but outlook data fell to 3yr low: Bloomberg
US industrial production’s 1yr growth trend is on track to ease again in March: