Diesel prices top $6, setting new record

U.S. diesel prices reached a new record high of approximately $6.05 per gallon, according to AAA. This surge is driven by the conflict with Iran and Ukrainian attacks on Russian oil refineries, which have strained the global energy supply. While tech stocks rallied due to falling oil prices, overall inflation remains sticky and elevated. Consequently, analysts forecast that the Fed will implement a quarter-point rate hike during its upcoming meeting to address these persistent economic pressures.