Rising diesel prices will mean rising grocery prices
Summary
The episode analyzes the market expectation for a Federal Reserve interest rate hike, driven by persistent inflation and renewed Middle East conflict that has pushed oil prices above $100 a barrel. Susan Schmidt from Exchange Capital Resources discusses how strong consumer spending and these geopolitical factors are complicating the Fed's path to a 2% inflation target. The segment also highlights record-high diesel prices, which experts say will gradually increase grocery costs, particularly affecting fresh produce and lower-income households.
Topics discussed
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Marketplace intro: Fed decision and guest introduction
Why markets expect a Fed rate hike today
Factors keeping inflation high: Consumer spending and oil
What to watch in Fed Chair Walsh's press conference
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Record high diesel prices and economic implications
How diesel costs impact grocery prices over time
Impact of food price increases on lower-income households
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