Oil prices held above $110 per barrel on Thursday after a wave of new escalatory attacks by Iran and Israel targeted key energy infrastructure throughout the Gulf, with price action only slightly slowed by comments from US Treasury Secretary Scott Bessent suggesting the US may remove sanctions on Iranian crude. Futures on Brent crude (BZ=F), the international benchmark, soared through Wednesday night and Thursday morning to briefly cross $119 per barrel for the second time since the war began before set ...

All right, now for a closer look at this morning's CPI number and implications for the Fed. We want to bring in former Cleveland Fed President Loretta Mester. She's a senior scholar at Princeton's Griswald Center, adjunct professor of finance at UPens's Wharton School, and the CNBC contributor.And Loretta, did the number today change anything about how you see the economy. It was pretty much in line in many ways. >> Yeah, I mean, it didn't really change anything for me.It came in along expectations which wa ...