1. Fed official Goolsbee stated that the latest inflation data was "bad news" and is concerned about persistently high services inflation.
2. Berkshire Hathaway's management confirmed that rising oil and fuel prices are significantly increasing input costs for their businesses.
3. Warren Buffett warned that many investors are currently in a "gambling mood" and that asset prices have become "silly".
Fed Inflation Fears, Rising Corporate Costs, Buffett's Warning
