Oil's upward price movement is making the Federal Reserve’s path toward a 2% inflation target more difficult. The crude market's rise is likely to have lifted overall inflation last month. And while core inflation — which strips out food and energy costs — has been on a downward trend, economists worry that higher energy prices could increase input costs for goods and services, leading companies to raise prices on everything from airfares to furniture. "I’d say the rise in oil prices since late June/early July has clearly put upward pressure on gasoline prices and will lead to a large boost...
