Stocks may be soaring again, but the war in Iran has started to pinch the finances of many Americans.
Category: Inflation (Economics)
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White House Shrugs Off Shaky Economy as War Exceeds Trump’s Timeline
The New York Times – Business: -
Despite Iran War’s Effects, PepsiCo Says Consumers Still Spending on Snacks
The New York Times – Business:Executives at the food and drink giant announced a rise in sales of drinks and snacks but warned that “inflation will come.”
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Amid Iran War, Companies Look to Extend a Record Profit Run by Raising Prices
The New York Times – Business:Higher inflation is leading companies to raise prices without sacrificing margins.
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Kevin Warsh, Trump’s Pick for Fed Chair, Discloses Vast Wealth Ahead of Confirmation Hearing
The New York Times – Business:Kevin M. Warsh vowed to divest a substantial amount of his more than $100 million in assets as he faces a complicated path to becoming the next chair of the Federal Reserve.
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Investors Brace for a New Hormuz Blockade Threat
The New York Times – Business:President Trump’s plan to bar ships from entering or leaving Iranian ports has put markets on edge and added to global economic uncertainty.
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How the Iran War Is Affecting Inflation
The New York Times – Business:Ben Casselman, our chief economics correspondent, describes how the increase in prices as a result of the war in Iran is beginning to show up in the data, and what could come next.
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U.S. Inflation Surged in March as Iran War Pushed Up Prices
The New York Times – Business:Soaring energy costs led to the biggest monthly increase in the Consumer Price Index since the peak of the post-pandemic inflation crisis in June 2022.
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Europe Braces for a Spike in Inflation
The New York Times – Business:Investors are betting that the European Central Bank and the Bank of England will raise interest rates this year.
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Fed Minutes Show Officials in No Rush to Cut as Iran War Scrambled Outlook
The New York Times – Business:The conflict in the Middle East has left the Federal Reserve braced for higher inflation, upending expectations about if officials will restart interest rate cuts.
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Markets on Edge as Trump’s Iran Ultimatum Looms
The New York Times – Business:Oil prices are rising and stocks are selling off as investors fret that the president will carry out his threats to “decimate” Iran.