Gas hit $4.07/gallon this week. Highest ever for August.
People keep asking when inflation's done. Your gas pump just answered.
The Fed can pivot all they want, but energy prices don't care about rate cuts. This is the part where "transitory" becomes "sticky" and everyone realizes groceries, commutes, and heating bills aren't going back to 2019.
Inflation isn't a headline number. It's what you actually pay for stuff. And right now, stuff costs more.
People keep asking when inflation's done. Your gas pump just answered.
The Fed can pivot all they want, but energy prices don't care about rate cuts. This is the part where "transitory" becomes "sticky" and everyone realizes groceries, commutes, and heating bills aren't going back to 2019.
Inflation isn't a headline number. It's what you actually pay for stuff. And right now, stuff costs more.