U.S. DEPARTMENT OF ENERGY: ANNOUNCES AUTHORIZATION OF EMERGENCY EXCHANGE OF UP TO 400,000 BARRELS OF CRUDE OIL FROM SPR TO ADDRESS CRUDE OIL SUPPLY DISRUPTION AFFECTING PHILLIPS 66 LAKE CHARLES REFINERY IN LOUISIANA
U.S. inflation has now been above the Fed’s 2% target for 66 straight months, more than five years.
It’s only the third time in the past century that inflation has stayed above 2% for at least five years, per Bespoke Investment Group.