Where is “broad-based” inflation headed?

Odds are you’ve seen the eye-popping figure by now: Year-over-year inflation clocked in at 9.1% in June. Those price increases are pretty much everywhere you turn in this economy. Today, we’ll take a look at where prices head from here and what it all means for the Federal Reserve. Plus, the hurdles in the way of a Russian oil price cap and why the role of college rankings may be changing.