Trending Now - Wall Street Faces Growing Inflation Concerns, Experts Advise Caution
WHO:
The Motley Fool - The Federal Reserve Bank of Cleveland, Federal Open Market Committee, Jerome Powell, State Street Global Markets, Michael Metcalfe
WHAT:
The Motley Fool - The national average price for a gallon of regular gas increased by about 40% over the last five weeks to $4.16 as of April 8, 2026.
The Motley Fool - The price of diesel rose to $5.67 per gallon as of April 8, 2026.
The Motley Fool - The Cleveland Fed's inflation forecast for trailing 12-month U.S. inflation increased from 3.25% on April 2, 2026, to 3.38% shortly after, and then to 3.56% by April 8, 2026.
The Motley Fool - The S&P 500 gained at least 16% annually during two separate three-year stretches from 2019 to 2021 and from 2023 to 2025.
The Motley Fool - The Dow Jones Industrial Average and Nasdaq Composite reached several record-closing highs.
The Motley Fool - The national average price for a gallon of regular gas increased by about 40% to $4.16 as of April 8, 2026.
The Motley Fool - The price of diesel rose to $5.67 per gallon.
The Motley Fool - The Cleveland Fed's inflation forecast for trailing 12-month U.S. inflation increased from 2.40% in February to 3.56% in April 2026.
The Motley Fool - A 116-basis-point increase in the trailing 12-month inflation rate was noted over two months.
Bloomberg Markets - State Street advised further de-risking amid inflation threats.
WHERE:
The Motley Fool - The Strait of Hormuz, a critical oil shipping route.
WHEN:
The Motley Fool - Military operations against Iran began on February 28, 2026.
The Motley Fool - The inflation forecast was updated on April 2, 2026, and again on April 8, 2026.
WHY:
The Motley Fool - The closure of the Strait of Hormuz by Iran has removed up to 20% of the world's crude oil supply, significantly impacting energy prices and inflation.
The Motley Fool - The Iran war and subsequent closure of the Strait of Hormuz led to a significant disruption in global oil supply, impacting energy prices and inflation.
HOW:
The Motley Fool - The Federal Reserve's inflation projections are based on the Energy Information Administration's data regarding oil supply and prices, which have been affected by the ongoing conflict in Iran.
The Motley Fool - The Federal Reserve's inflation projections are based on economic reports and data from the Energy Information Administration regarding oil supply and prices.
(UPDATED April 13, 2026 19:25 UTC)
The national average price for a gallon of regular gas surged to $4.16 as of on Wednesday, marking a 40% increase over the past five weeks, while diesel prices also climbed to $5.67 per gallon. This spike in energy costs is largely attributed to the closure of the Strait of Hormuz by Iran, which has cut off up to 20% of the world's crude oil supply, leading to rising inflation rates. The Cleveland Fed's inflation forecast has reflected this trend, increasing from 3.25% to 3.56% in just over a week, as the Federal Reserve adjusts its projections based on the latest data from the Energy Information Administration.
--
(UPDATED April 13, 2026 17:21 UTC)
The Federal Reserve Bank of Cleveland has updated its inflation forecast, revealing a rise from 2.40% in February to 3.56% in April, largely influenced by the ongoing military operations against Iran that began February 28th, which have disrupted oil supplies in the critical Strait of Hormuz. As a result, the national average price for a gallon of regular gas has surged to $4.16, marking a 40% increase, while diesel prices have climbed to $5.67 per gallon. Meanwhile, the S&P 500 has shown impressive gains, rising at least 16% annually during two separate three-year periods, and both the Dow Jones Industrial Average and Nasdaq Composite have reached record-closing highs.