$5+ Diesel Could Unleash Inflationary Mindset the Fed Better Not “Look Through.” Inflation Was already Hot before Iran War

The problem is that even before fuel prices began to spike, inflation had already been accelerating. The broadest inflation gauge which tracks inflation across GDP, and not just consumer-facing inflation, rose by 3.7% in Q4. The price index in GDP that excludes imports rose by 3.8% in Q4...