The War on Wallets: How Conflict Fuels Inflation As Americans prepare for Memorial Day weekend travel, a sobering reminder of the economic toll of war is unfolding.
The Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditures (PCE) price index, is nearing 4% – a threshold that typically prompts policymakers to take action.
The primary cause of this inflationary pressure is the devastating impact of ongoing conflicts on energy markets.