New Inflation Warning Sign

Taming America's inflation problem is getting harder, and new evidence released Wednesday shows price pressures go beyond the energy shock tied to the war roiling the global economy. Why it matters: Inflation squeezes household budgets and dims hopes for relief. It also raises the likelihood that the Federal Reserve will have to raise interest rates further. What they're saying: "Higher energy costs are starting to seep into the prices of services..."

America's inflation problem is getting harder to contain, with new evidence on Wednesday suggesting price pressures beyond the war-related energy shock are roiling the global economy. Why it matters: Inflation squeezes household budgets and reduces hopes for relief. It also increases the likelihood that the Federal Reserve will have to raise interest rates further. What they say: "Higher energy costs are beginning to penetrate the price of God