The cost of wholesale goods and services rose sharply at the end of last year, underscoring that the battle against inflation is far from over as President Donald Trump names his pick for chair of the Federal Reserve.
Wholesale prices rise sharply and show new Fed chief could confront stubborn inflation
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Higher inflation is on the way. The Fed needs to make this clear before it raises rates.
Fed’s communication should help investors manage risk — including the possibility that rates may rise.
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