Diesel Prices Are Becoming a Bigger Inflation Threat

Gas prices are still elevated, but diesel is moving back toward all time highs, and that could put new pressure on shipping, food production, home heating oil, and the broader inflation picture.Chuck Zodda and Marc Fandetti explain why diesel matters even for people who never fill up with it, how fall harvest season and holiday shipping could add to demand, and why home heating oil bills in New England may be sharply higher than last year. They also discuss the Treasury’s expanded long term bond buyback program, why it may be more of a temporary Band Aid than a real fix for rising yields, and what it signals about the government’s concern over long term borrowing costs. Plus, they cover Moderna’s promising mRNA cancer vaccine news, Target and Lowe’s earnings, millennials’ improving financial picture, and the privacy concerns around AI powered wearable devices.