Edition 361: 3 things investors need to know from last week!
From inflation and rising stamp prices to renewed geopolitical tensions driving oil higher, this week's headlines highlight the economic forces shaping consumers, markets, and everyday costs.
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Inflation Worries Persist: Americans expect inflation to remain elevated, with one-year inflation expectations rising to 3.7% in June, according to the New York Fed. Consumers are most concerned about rising healthcare and rent costs over the next year, while expectations for gasoline, food, and college tuition inflation have eased. Despite lingering cost pressures, workers are more optimistic about wage growth and see a lower likelihood of unemployment.
Source: Yahoo Finance
Stamp Prices Keep Climbing: The U.S. Postal Service will raise the price of a Forever stamp from 78 cents to 82 cents starting July 12 as it works to reduce mounting financial losses. Declining mail volumes, rising operating costs, and years of financial challenges have driven repeated price increases, with USPS signaling that stamp prices could eventually reach 90–95 cents. Existing Forever stamps will continue to be valid regardless of future rate hikes.
Source: CBS News
Hormuz Tensions Shake Oil Markets: Oil prices surged after Iran attacked multiple vessels near the Strait of Hormuz, raising fresh concerns about disruptions to one of the world's most critical energy shipping routes. In response, the U.S. revoked Iran's license to sell previously sanctioned crude oil, increasing pressure on Tehran and adding uncertainty to the fragile ceasefire and ongoing negotiations. The attacks have heightened fears over global energy security and Middle East stability.
Source: Yahoo Finance
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