Inflation Jumps as Gas Stays High and USPS Seeks Higher Rates
March inflation hit a two-year high as gas prices surged. Even with a ceasefire, fuel costs look set to stay elevated, while USPS plans a stamp hike and Amazon strikes a delivery deal.
March Inflation Rate is Highest in 2 Years
Anyone wondering what effect the war with Iran is having on the U.S. economy got their answer this week.
Sparked by a record increase in gas prices as the cost of oil soars, the U.S. inflation rate climbed to its highest rate in two years. Read Full Article
Experts Say Gas Prices Likely to Stay High Despite Ceasefire
President Donald Trump announced a two-week ceasefire in the war with Iran this week. But Americans who thought that would immediately lower gas prices are likely in for some disappointment.
Market experts believe U.S. consumers will continue to pay high prices to fill up their vehicles or purchase airplane tickets through the peak summer travel season. Read Full Article
USPS Seeks First-Class Stamp Rate Hike
U.S. Postmaster General David Steiner said last month the U.S. Postal Service could run out of cash as early as October.
The USPS indicated at least one way it plans to try to avoid that: Raising postal prices. Read Full Article
Amazon, USPS Reach Deal on Deliveries
Amazon and the U.S. Postal Service have reached an agreement that will enable the USPS to retain the majority of business from its biggest customer.
Multiple outlets are reporting the deal leaves the USPS with some 80% of Amazon’s package delivery business.
Amazon had earlier been said to be considering a two-thirds reduction. Read Full Article