
The largest monthly jump in gas prices in six decades caused a sharp spike in inflation in March, creating major challenges for the inflation-fighters at the Federal Reserve and heightening the political challenges of rising costs for the White House. The gas price shock stemming from the Iran war has shifted inflation’s trajectory, from a slow, gradual decline to a sharp increase further away from the Fed’s 2% target. As a result, the central bank will almost certainly postpone any cut in interest rates for months. Gas prices are also a highly visible cost that has outsize impacts on consumer confidence and political sentiment.
Historic protests against fascism across the United States - No Kings 03/28/26
Source:
https://reddit.com/comments/1s6iw98
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Travel disruptions have deepened as senators are racing to salvage a proposal to end the Homeland Security shutdown. Democrats have refused to fund the Department of Homeland Security unless it made changes to its immigration and deportation operations. But unpaid Transportation Security Administration workers are failing to show up for shifts and at least 458 have quit altogether. Asked about the emerging plan Tuesday, President Donald Trump says he's not happy with any deal. The deal would impose some but not all of the restraints Democrats have demanded on immigration operations. Senate Majority Leader John Thune says it's time to end the standoff.