Inflation Soared to 3.3% in March, Putting the Fed in a Tight Spot | WSJ

The March inflation report was pretty bad. Price growth was 3.3% year-over-year. That's fastest inflation in basically two years.Inflation was heading in a good direction in the months prior. It was showing signs of slowing. And now it's surged again.And the reason, of course, is the Iran war and the rise in energy prices. And you can see the biggest impact in things like gasoline prices, heating oil prices, which really surged. So energy is clearly the big factor here.It's not the only factor. tariffs are ...