🚨WHOLESALE PRICES SURGE: Inflation is moving through the pipeline again.
Producer prices are up 3.4% over the past year, the highest annual increase since February 2025, as wholesale costs jumped 0.7% in February, the biggest monthly gain in seven months.
This marks the third straight month of rising wholesale prices, signaling persistent inflation pressure even before the latest spike in oil.
Food prices rose 2.4%, with vegetables soaring 48.9%.
The Fed’s fight against inflation just got tougher and these costs are likely headed straight for consumers.
Until yesterday, we were assured the U.S. was leaving Iran's energy infrastructure untouched to prevent escalation or more global energy shocks. Iran pledged to wipe out the Gulf's energy if its own was attacked.
Today, the U.S. and Israel bombed Iran's natural gas facilities.
NEWS: Attorney General Pam Bondi and Deputy Attorney General Todd Blanche will appear Wednesday (today) before the House Oversight Committee in a closed door briefing to discuss updates regarding the Jeffrey Epstein investigation, Ghislaine Maxwell, and the Epstein Files Transparency Act.
Jerome Powell, President of the FED:
"Job gains have remained low. Inflation remains elevated"
"High inflation largely reflects the price of goods, mainly due to tariffs"
"Short-term inflation expectations have risen in recent weeks due to the situation in the Middle East"
According to live GasBuddy gas price data, Americans today will spend ~$350 million more on gasoline than they did Feb. 28. So far since Feb. 28, Americans have spent $3.7 billion more on gasoline.
Markwayne Mullin dodges on whether he would break the law for Trump.
Sen. Maggie Hassan: "If directed by the President to take an action that would break the law, would you follow the law or follow the president's direction?"
Mullin only said: "The president would never ask me to do that."
You can’t win without a plan, and you can’t kill your way out of a war in the Middle East. Lt. General Mark Hertling joins the LP Pod to analyze the quagmire in Iran.
JD Vance is a political shapeshifter, but becoming a cheerleader for unpopular foreign wars might be too much for his facade to embrace. MAGA is cracking. Watch Rick on MSNOW: