Market Update
The headline inflation rate came in at 3.8% for April, the highest reading in nearly three years, according to the Bureau of Labor Statistics. That number is being driven largely by energy costs tied to the ongoing conflict in the Middle East, with gasoline up over 28% from a year ago and fuel oil up more than 54%. Producer Price Index, meaning what businesses pay before they pass costs on to you at the register, jumped 6.0% annually, the largest surge since December 2022. That gap matters...
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