April’s inflation spike is no cause for panic — but only to finish off Iran fast

Word that inflation hit 3.8% last month is bad news, but not grim: The main cause is obvious, and it won’t last. It’s the halt on oil shipments through the Strait of Hormuz, which plainly won’t last much longer. So our cautious o...

Word that inflation hit 3.8% last month is bad news, but not grim: The main cause is obvious, and it won’t last. It’s the halt on oil shipments through the Strait of Hormuz, which plainly won’t last much longer. So our cautious optimism is entirely different from all that Biden-years talk about inflation being “transitory.”...