Rising oil prices and Treasury yields are lifting energy and borrowing costs for U.S. households, pushing consumers to draw more heavily on savings.
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Rising oil prices and Treasury yields are lifting energy and borrowing costs for U.S. households, pushing consumers to draw more heavily on savings.
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While higher oil is cited as a main reason for the change in view, roughly three-quarters of respondents see the inflation problem as broader than just energy prices.
High energy costs at the pump and strategic setback for US in the Iran war will likely cost Trump in the midterms.
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The bipartisan legislation would create a regulatory framework states could adopt to prevent data center-related energy costs from being passed on to consumers.