Tag Archives: persist

Inflation pressures remained persistent in February as prices for shelter and gas rose, according to the latest data from the Bureau of Labor Statistics released Tuesday morning. The Consumer Price Index (CPI) rose 0.4% over the previous month and 3.2% over the prior year in February, slightly higher than January’s 0.3% month-over-month increase and 3.1% annual gain. Both measures roughly matched economist forecasts of a 0.4% month-over-month increase and a 3.1% annual increase, according to… Source link

U.S. stocks dropped on Wednesday, with the S&P 500 and Dow giving back gains after rising for back-to-back sessions. The S&P 500 fell over 1% on Wednesday, while the Dow and S&P 500 both lost more than 0.7%. The small-cap Russell 2000 was the day’s biggest laggard, falling over 1.5% at session lows. All three major averages had kicked off this week with gains, rising on both Monday and Tuesday. West Texas intermediate crude oil prices (CL=F) rose above $122 per barrel to reach the highest… Source link

Although businesses may be struggling with unexpected cargo delays, supply chain bottlenecks may not be resolved in the near term. “I don’t see a line of sight where this ends anytime soon,” Weston LaBar, head of strategy at Cargomatic, a freight load-matching company, told Yahoo Finance Live (video above). Some experts even expect the supply chain problems to hit the holiday shopping season. Container ships have been delayed for days at major ports on the West Coast, and trucking routes have… Source link

<!– (function(w, l){ w[l]=w[l]||[]; w[l].push({ ‘gtm.start’: new Date().getTime(), … Source link