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Oil Supply Stress Spreads Through the Global Economy as Fuel Costs and Inflation Rise
High oil and fuel prices are squeezing households and businesses as global supply buffers shrink. U.S. gasoline reached $4.47 a gallon, diesel has climbed above $6, and disruptions across the Middle East and Russia are increasing pressure on inflation and economic activity.
High Mortgage Rates and Persistent Inflation Keep Pressure on Household Budgets
Mortgage rates have climbed to 6.95% as inflation remains above the Federal Reserve’s target and policymakers raise rates. The pressure extends beyond housing, with elevated borrowing costs and higher vehicle prices adding to the affordability squeeze.
Markets Kept Testing Narratives Against Operating Reality
From AI infrastructure and crypto regulation to interest rates, housing and consumer brands, markets repeatedly shifted when new evidence challenged or reinforced the expectations already reflected in prices.
Nucor Profit Outlook Weighs on Shares Despite Higher Steel Prices
Nucor shares fell nearly 6% after third-quarter earnings guidance came in below Wall Street expectations. Higher steel selling prices are supporting its mills and products businesses, but rising costs and weaker raw-material results are limiting the near-term earnings benefit.