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
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
Mar 03 The U.S. economy is already unsteady. A war in Iran could add to that uncertainty By Christopher Rugaber, Associated Press A longer war that pushed oil past $100 a barrel for an extended period would likely boost inflation, at least temporarily. Continue reading
Feb 20 Inflation rose faster than expected in December By Christopher Rugaber, Associated Press The figures show that inflation remains elevated, even as it has come down from a peak near 7% in 2022. Continue reading