Crude oil is closing lower this week. The price of crude oil settled today at $91.59. That is down $1.22 on the day. For the week, last Friday the price closed at $92.00. So believe it or not, the price is closing lower on the week after trading as high as $100.50 on the spike high on
Dallas Fed trimmed mean PCE inflation 3.5% vs 3.1% prior
12-month PCE inflation 3.1% vs 3.5% prior
Six month annualized inflation 4.6% vs 3.9% prior
Six month annualized inflation 4.6% vs 3.9% prior
One month annualized inflation 6.7% vs 4.6% prior
These numbers all show an acceleration in core inflation and that’s the kind of thing that will kick the