The biggest increase in wholesale prices in three and a half years stunned Wall Street, but is tariff-related inflation really set to soar? The proof is far from ironclad. The latest pair of inflation reports, to be sure, were not reassuring. A key measure of consumer prices showed the largest advance in six months and pushed the yearly rate back above 3%. Just six months ago - before the U.S. trade wars - the rate of inflation was widely expected to slow this year to close to the Federal Reserve's 2% goal. Not anymore. More worrisome was the biggest surge in wholesale prices since 2022. These prices reflect what ... (full story)