Daily Scoop 22-3-15

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Today's Scoop:Inflated

Big Picture

1. Inflation might be cooling off (for now).

2. Gas prices are becoming a problem.

3. Policymakers decide on stimulus policy tomorrow.

The Market: 

⬆️

+2.1%

S&P 500: 4,262.45

1Mo:

-5% 

| 1Yr:

+8%

| 5Yr: 

+79%

Markets floated higher today on some optimism around cooling inflation.

The Labor Department's Producer Price Index reported

materials costs for wholesalers are up 10% over last year

, the largest one-year rise on record, but it was driven mainly by fuel. Prices for other materials rose less than expected, hinting that

some of the pandemic-related supply disruptions might be easing.

The effects of the Russian sanctions might not be felt for some time.

Everyone's waiting to hear what the Federal Reserve says tomorrow.

The Fed is expected to stop stimulating the economy and start returning to normal economic conditions by raising interest rates. 

Company Scoops ❤🌎💰

(Click to dig in & vote your reaction, see how others feel)

Pfizer

ends operations in Russia

-

Burger King

abandons its Russian restaurants

- 

CVS

fires several over sexual harassment

- 

Lyft & Uber

add gas surcharges

- 

Twitter

moves into e-commerce

(These links only work for 24 hours while the story is live)

🤓 Inside Scoop...

Prices for commodities like oil are notoriously volatile and unpredictable. The main drivers are supply and demand, but government and institutional decisions can artificially manipulate both sides of that equation. The world has plenty of oil, but its distribution depends on geopolitical agreements and corporate business decisions. Oil prices have been climbing because of a supply-demand imbalance over the past year. The world economy shut off, so the demand for planes, cars, and electricity diminished. Suppliers around the world slowed their pumps. Companies cut back. Now, the economy's back in full force, and international oil alliances with Russia aren't willing to ramp up supply faster. The US has sanctioned Venezuela. US companies are dealing with the same staffing and production issues as other industries. Oil prices have kept rising.

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