The cost of crude has become a real-time barometer of the Iran war’s toll on the global economy.
Category: Inflation (Economics)
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Apple, Micron, OpenAI and A.I.’s Rough Summer
Rising memory prices, more expensive iPads and a longer wait for OpenAI to go public: The sector that has driven markets skyward is hitting turbulence.
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Inflation Accelerated in May as Iran War Pushed Up Prices
A closely watched measure of inflation ticked up as the conflict in the Middle East inflated energy prices.
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U.S. Inflation Problems Are Far From Over
The Federal Reserve’s new chairman has vowed to deliver price stability, but officials are at odds over whether that will require higher borrowing costs.
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Why the Fed Could Loom Large Over the Midterms
Wall Street increasingly predicts the central bank will raise interest rates, possibly ahead of Election Day in November. That could anger President Trump.
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The Iran War’s Persistent Threat to Farmers in Poor Countries
A reopening of the Strait of Hormuz would do little to swiftly ease the pain inflicted by higher prices for fertilizer, food and fuel in Ivory Coast.
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In Alan Greenspan, Kevin Warsh Saw a Fed Chairman Role Model
Kevin M. Warsh has long singled out Alan Greenspan, who died on Monday, as the central banker he wants to exemplify.
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Egg Prices Are Way Down, but That’s Hurting Farmers
An oversupply of hens has lowered wholesale egg prices. But consumers may not reap the full benefits because of producer contracts and higher costs.
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Mortgage Rates, Now 6.5%, Hit Highest Level Since War Began
The average rate on a 30-year mortgage rose amid growing concerns over inflation and as the war with Iran showed no sign of ending.
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Retailers Say Squeezed Shoppers Are Focused on Deals
Walmart, Target and TJ Maxx reported increases in sales, but shoppers are seeking out low-price items and cutting back in some categories, a potentially worrying sign for the U.S. economy.
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Walmart, Target and TJ Maxx Attract Shoppers Squeezed by Energy Prices
The retailers reported increases in sales, even as higher fuel costs drove up the cost of everyday goods.
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British Politics Is Obsessing Over the Bond Market. Here’s Why.
Britain is facing another round of turmoil in government leadership, jolting debt investors who were already on high alert over inflation.