Economy Apr 10 Soaring gas prices leads to biggest monthly inflation spike in four years in March By Christopher Rugaber, Associated Press
Nation Apr 06 Watch 8:53 Farmers warn of food price spike as war drives up fuel and fertilizer costs About a third of the world’s fertilizer supply passes through the Strait of Hormuz, and its effective closure is causing shortages and price spikes for fertilizer during the crucial spring planting season. That has led to fears of elevated food… By Geoff Bennett, Jackson Hudgins
Economy Mar 30 WATCH: Fed Chair Powell addresses energy price spikes, challenging job market in Harvard conversation Federal Reserve Chair Jerome Powell said Monday that it is important to closely monitor inflation amid a spike in energy prices from the Iran war. By Michael Casey, Associated Press
Economy Mar 24 Watch 7:05 Chicago Fed president breaks down economic risks of Iran war Oil prices are hovering near $100 a barrel and it's raising new questions for the Federal Reserve as it tries to navigate between high inflation and a cooling job market. Chair Jerome Powell said last week the central bank is… By Geoff Bennett, Karina Cuevas
Economy Mar 24 Chances of Fed cutting interest rates fade as inflation worsens With inflation measures likely to rise in the coming months, the prospect of interest rate cuts this year by the Federal Reserve is fading. By Christopher Rugaber, Associated Press
Mar 18 U.S. stocks sink on worries about inflation as gold falls below $5,000 per ounce By Stan Choe, Associated Press U.S. stocks are sinking Wednesday after a report said inflation was primed to worsen even before oil prices began spiking because of the war with Iran. Continue reading
Mar 18 WATCH: Fed Chair Powell holds news briefing after interest rate left unchanged By Christopher Rugaber, Associated Press Federal Reserve officials expect the Iran war will worsen inflation this year while having little impact on growth, but they still expect to cut their key rate once in 2026. Continue reading
Mar 13 Key inflation gauge worsened in January, before Iran war lifted gas prices By Christopher Rugaber, Associated Press Prices rose 2.8% in January compared with a year earlier, the Commerce Department said Friday. Continue reading
Mar 11 The Iran war and surging oil prices are affecting consumers. Here's how By Cathy Bussewitz, Mae Anderson, Christopher Rugaber, Associated Press You don't have to drive a car to be affected. Continue reading
Mar 11 Inflation held steady last month before attack on Iran sent energy costs soaring By Christopher Rugaber, Anne D'Innocenzio, Associated Press Wednesday’s data has been overtaken by the conflict that began when the U.S. and Israel attacked Iran on Feb. 28, which has caused wild gyrations in oil prices as shipping lanes through the Persian Gulf have suffered a rare shutdown. Continue reading