New inflation warning sign

America's inflation problem is becoming harder to contain, with new evidence Wednesday that price pressures are extending beyond the war-related energy shock rattling the global economy. Why it matters: Inflation is squeezing household budgets and dimming hopes for relief. It is also increasing the prospect that the Fed will have to raise interest rates further. What they're saying: "Higher energy costs are beginning to seep into broader services prices, increasing the risk that this inflation b