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Apollo Global Management Inc.’s Torsten Slok warned that record diesel prices pose a greater inflation threat than the Federal Reserve may appreciate because those fuel costs flow into the core consumer price index.
Diesel prices hit $6.50 a gallon this week, a record high. The commodity impacts everyone across the global economy, whether you pump it or not. (Source: Bloomberg)
Mexico’s G20 growth ranked second in the second quarter, the OECD says. Now Banxico faces a Fed rate hike and the cost of capping diesel prices. The post Mexico’s G20 Growth Ranks Second, but US Rate Hike and Diesel Cap Weigh appeared first on The Rio Times.
US retail diesel prices topped $6.50 a gallon for the first time, extending a war-driven rally that’s rippling through the largest economy. Most US drivers don’t pump diesel into their cars. But the fuel — which goes into trucks, agricultural equipment, power generators, boats, trains, and home-heating systems — touches nearly every part of the economy. James Egelhof, Chief US Economist at BNP Paribas, discusses US economic outlook and how fuel prices are impacting the economy. (Source: Bloomberg)
US retail diesel prices topped $6.50 a gallon for the first time, extending a war-driven rally that’s rippling through the economy.
Record diesel prices are squeezing trucking companies in the US and Europe, though many of Daimler Truck Holding AG’s customers can still pass the additional fuel costs on to their own clients, Chief Executive Officer Karin Rådström said.
Guatemala diesel prices have jumped over 80% since January, sparking marches and a bus-blockade threat as Congress stalls on a price-cap deal. The post Guatemala Diesel Prices Spark Protests As Congress Stalls appeared first on The Rio Times.
US retail diesel rose to a record, threatening to further spike energy-driven inflation as wars in Iran and Russia roil the market. The widely used fuel climbed to a nationwide average of $5.85 a gallon at the pump on Thursday, according to the American Automobile Association. Ed Hirs, Energy Fellow at the University of Houston, discusses the record diesel prices and energy outlook ahead of the midterms. (Source: Bloomberg)
US equity futures and Treasuries hold steady ahead of the August payrolls report. US retail diesel prices rise to a record high as the wars roil the market. DeepSeek plans to deploy at least 160,000 of Huawei’s top accelerators at a massive new data center in Inner Mongolia. Mark Haefele of UBS Global Management and Veronica Clark of Citi join "Bloomberg Brief" to look ahead to the jobs report. (Source: Bloomberg)
Fuel prices have soared since the Iran conflict began at the end of February, mirroring the surge in wholesale oil prices.
US retail diesel prices hit a four-year high, topping a peak seen during the early stages of the Iran war to approach a record. The national average pump price climbed to $5.783 a gallon on Wednesday, according to the American Automobile Association. Bloomberg's Anthony di Paola reports. (Source: Bloomberg)