Inflation came in at hot 2.8% in Fed’s preferred gauge in February, before oil spike

The personal consumption expenditures index report by the Bureau of Labor Statistics was released on Thursday morning.

It’s like the sun exploding: One Wall Street firm fears $200 oil — and says it’s not too late for investors to prepare

Citi sees oil prices reaching as high as $200 in a scenario where disruptions continue through the end of June.