Inflation sticks around as incomes rise and energy costs creep up
U.S. inflation remains above the Federal Reserve’s target even as real incomes climb about 0.4% last month and gasoline prices rebound toward about $4.10 a gallon, threatening August readings; with inflation stubborn for more than five years, Fed officials warn rates may need to stay higher for longer, helping push longer‑term yields higher even as Treasury buybacks aim to stabilize markets. The broader picture includes energy costs and ongoing trade frictions amid a backdrop of geopolitical tensions.