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.
Category: Inflation (Economics)
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U.S. Inflation Surged in March as Iran War Pushed Up Prices
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
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 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
Oil prices are rising and stocks are selling off as investors fret that the president will carry out his threats to “decimate” Iran.
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Jamie Dimon Cites Risks From War, Private Credit, Inflation and More
In his annual letter to shareholders, Jamie Dimon, the chief executive of JPMorgan Chase, said investors and businesses faced a series of challenges.
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Strong Jobs Numbers Make the Fed’s Job Easier
Robust job growth in March suggests that the labor market remains relatively healthy, allowing officials at the central bank to focus on fighting inflation.
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Mortgage Rates Climb for 5th Week as Iran War Weighs on U.S. Housing Market
The average rate on a 30-year mortgage in the United States jumped to 6.46 percent, making it harder for buyers to afford homes.
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Bad, Very Bad and Much Worse: Pick a Forecast for the War and Economy
A merely bad outlook might be good enough for the markets, our columnist says.
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Why Trump’s Iran Address Failed to Soothe Markets
Oil surged and stocks sold off after the president delivered an unclear case for continuing the war in the Middle East.