May 07 Study: Lower-income Americans are using less gas but being hit the hardest by the price spike By Christopher Rugaber, Associated Press Lower-income Americans sharply reduced their gas consumption in the month following the Iran war, yet spiking prices still forced them to spend more at the pump, worsening the economy's economic disparities, new research released Wednesday showed. Continue reading
Apr 30 Key inflation gauge jumps to highest level in 3 years as Iran war spikes gas prices By Christopher Rugaber, Associated Press A key inflation measure jumped in March as gas prices soared, the latest sign that the Iran war is pushing up the cost of living and delaying any interest rate cuts by the Federal Reserve. Continue reading
Apr 14 IMF cuts the outlook for global growth in the fallout from from Iran war By Paul Wiseman, Associated Press The Iran war has stalled the world's economic momentum this year, likely pushing growth lower compared to 2025, the International Monetary Fund warned Tuesday. Continue reading
Apr 14 U.S. wholesale prices surged 4% last month during the Iran war By Paul Wiseman, Associated Press The surge in prices complicates the work of the inflation fighters at the Federal Reserve, who have faced intense pressure from President Donald Trump to lower their benchmark interest rate. But some Fed policymakers are inclined to raise rates instead,… Continue reading
Apr 10 Soaring gas prices leads to biggest monthly inflation spike in four years in March By Christopher Rugaber, Associated Press It’s the first read on inflation to capture the effects of the Iran war. Continue reading
Apr 06 Watch 8:53 Farmers warn of food price spike as war drives up fuel and fertilizer costs By Geoff Bennett, Jackson Hudgins 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… Continue watching
Mar 30 WATCH: Fed Chair Powell addresses energy price spikes, challenging job market in Harvard conversation By Michael Casey, Associated Press 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. Continue reading
Mar 24 Watch 7:05 Chicago Fed president breaks down economic risks of Iran war By Geoff Bennett, Karina Cuevas 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… Continue watching
Mar 24 Chances of Fed cutting interest rates fade as inflation worsens By Christopher Rugaber, Associated Press With inflation measures likely to rise in the coming months, the prospect of interest rate cuts this year by the Federal Reserve is fading. Continue reading
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