Energy and transportation are two areas where costs are rising for stores like Home Depot, Walmart, and Target, but raising prices could turn off an increasingly strapped consumer.
In “The Almighty Dollar: 500 Years of the World’s Most Powerful Money,” journalist and financial historian Brendan Greeley looks at why the dollar is the most powerful currency in the world and how that power has shaped the global financial system.
The war in the Middle East is pushing up short-term government yields, on expectations that the Fed is increasingly likely to hike interest rates over the next two years.