US wholesale inflation rose a hotter-than-expected 0.7% in August — the biggest advance in 14 months. For the full article, click here.
Oil
White House Confirms Attempt to Convince Saudis to Postpone Oil Cuts Until After Midterm Election
The White House on Thursday confirmed President Joe Biden’s officials tried to convince Saudi Arabia to postpone any oil production cuts. For the full article, click here.
Saudis won’t delay slash in crude-oil production after Biden admin ‘midterm’ plea
WASHINGTON — Saudi Arabia shrugged off pleas by White House officials to delay last week’s OPEC+ decision to slash oil production, with Riyadh viewing the demand as a ploy to “avoid bad news” until after the upcoming midterm elections, the Wall Street Journal reported...
Joe Biden EMBARRASSED By Saudi Arabia As OPEC+ CUTS Oil Production Sending Gas Prices Skyrocketing
Janet Yellen says inflation ‘unacceptably high’ after alarming June data
Treasury Secretary Janet Yellen admitted Thursday that inflation is “unacceptably high” in her first public comments since the release of federal data showing prices surged by a four-decade high of 9.1% in June. For the full article, click here.
Macron to Biden, maybe: Drill, baby, drill! (Updated) – HotAir
Is that the message that French president Emmanuel Macron gave Joe Biden after buttonhooking him at the G-7 summit? According to Newsweek and video clips making the rounds on social media, it does appear that Macron cast a lot of cold water on Biden’s attempt to...