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li on the difference in 24 hours. susan? a new reality that inflation is higher and may stay elevated for some time. today s wholesale prices are the inflation that producers pay still much higher than a year ago. sure, coming down from the previous month. couple that with yesterday s consumer price jump and we re close to the 40-year highs and that s more than four times the way the federal reserves thinks is healthy for the economy. close to a third predicting a full 1 percentage point rate hike from the central bank. that could be the biggest central increase since 1984 when paul volcker was fed chair. before yesterday s report, that probability was at zero. elon musk weighing in. he thinks the federal reserve should cut interest rates because of the drop in lumber, cop per and oil. nobody is expecting a cut in rates until next year. stock market didn t recover much from yesterday s sell off. you have more job cuts by big technology companies. that s why some are c ....
You have to punish the eight. here is the question how willing are we to say $71, 76%, how high will that number stay? you raised it. if is get to $10, $12 from $11 a barrel. are we willing to ban the kinds of fan some are proposing on oil and energy products similar to what canada did? if we do that, some criticized the white house for not touting inflation. i would dare say we don t see inflation and finally, we have to power back. judge, where i agree wholeheartedly, we have to power back and think about ways to restart energy products in the country, be it keystone or lease on lance. there was some talk in the white house about doing that. i think they need to go further. we have to be serious and intentional helping the europeans. the marshall plant to help the europeans find new energy sources. ....