Global markets rallied as President Trump signaled that the United States may stop fighting soon. But big questions remain about lingering damage.
Category: Inflation (Economics)
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The Trump Effect at the Pump as Gas Hits $4 a Gallon
The average price of gasoline in the U.S. has topped $4 a gallon, a multiyear high, as war in the Middle East roils the oil market and slams drivers.
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As Stocks Keep Falling, Investors Are Losing Patience With the War in Iran
The S&P 500 is on course for its fifth straight week of losses and its worst weekly losing streak in roughly four years.
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How the Iran War Is Costing the Economy Its Buffers
As the U.S.-Israeli campaign enters a second month, analysts see a growing toll. One forecast predicts oil hitting $200 a barrel.
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Resurgent Inflation Tests Faith in Fed’s Willingness to Tame It
The war in the Middle East risks worsening an inflation problem that the Federal Reserve has struggled for years to subdue.
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War in Iran Will Push U.S. Inflation Above 4 Percent, O.E.C.D. Forecast Says
Higher energy prices and uncertainty over the war in the Middle East will boost inflation and weigh on economic growth, a new forecast says.
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Investors Question Whether Quick Peace in Iran Is Possible
Global markets are under pressure again amid doubts that the fighting in the Middle East can end anytime soon.
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The U.S. Economy Is Insulated From High Oil Prices. Americans Aren’t.
The overall economy has proved resilient in recent years, even as many households have struggled. The war with Iran is following the same pattern.
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Iran War Narrows Fed’s Path to a Rate Cut
Jerome H. Powell, the Fed chair, wants to keep the central bank’s policy options open as officials stare down another economic shock that threatens to stoke inflation and crimp growth.
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The Effects of High Oil Prices
Our chief economics correspondent, Ben Casselman, breaks down how gasoline prices have responded to the oil crisis in the Persian Gulf, and what is in store for inflation if the price of oil remains above $100 per barrel.
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The Best We Should Hope For From the Fed: Nothing
A rate cut in the next few months could signal major problems in the economy.