So, what’s more expensive? The price of many things rose in May:
- Diesel: 11.2%
- Gas: 9.3%
- Home heating oil: 8%
- Pork: 8%
- Fruits/melons: 5.9%
Inflation will be on the minds of many when the Federal Reserve meets next week, but the general feeling seems to be that this time around, they will leave interest rates unchanged. Futures markets are instead betting that rates will be raised in August because of increasing worries about inflation, reports Sudeep Reddy for the Wall Street Journal.
Some of the top funds in early trading today are energy-focused, natch::
- First Trust ISE-Revere Natural Gas Index Fund (FCG), up 39.1% year-to-date
- PowerShares Dynamic Energy Exploration & Production (PXE), up 21.6% year-to-date
- Market Vectors Global Alternative Energy (GEX), down 7.9% year-to-date
