Inflation could be lurking in your valentine tomorrow

Wholesale inflation ticked up in January, as did consumer price inflation. Valentine’s Day is not immune from these inflationary pressures. The National Retail Federation expects record spending of nearly $28 billion for the holiday — meaning that heart-shaped box of chocolates is going to cost ya. Plus, the Trump administration is moving on to plans for possible layoffs of federal workers and is taking aim at energy efficiency standards for home appliances.