The Federal Reserve’s decision on interest rates Wednesday is all but a foregone conclusion. Traders overwhelmingly expect it to keep rates on hold, a scenario that’s likely to persist for the rest of the year. Instead, it’s how Chair Jerome Powell and policymakers decide to respond to the growing Middle East oil crisis that will … Read more
How rising diesel price may affect inflation amid Iran war – CBS News Watch CBS News For American drivers, the cost of the war with Iran is already showing up at the pump. But there’s a bigger warning light flashing for the economy: diesel. Kelly O’Grady explains. Source link
Steady (but low) inflation could be causing gold investors to reconsider their approach now. Andriy Onufriyenko/Getty Images An eagerly awaited inflation report released Wednesday may not have revealed the result investors were hoping for. Inflation in February remained identical to what it was in January, with the rate staying put at 2.4%. While that’s still … Read more
Inflation in line with expectations as CPI climbs 0.3% in February – CBS News Watch CBS News The new Consumer Price Index released Wednesday shows inflation ticked up in February, but was in line with what experts expected. CBS News MoneyWatch correspondent Kelly O’Grady has more. Source link
February’s CPI report shows inflation held steady. Erin Delmore, a geoeconomics correspondent, joins to break it down. Source link
The Consumer Price Index rose at an annual rate of 2.4% in February, unchanged from the prior month and representing a cooler pace than economists had forecast. The Labor Department data captures the period before the Iran war broke out in late February. Since then, oil prices have surged, driving inflation concerns among investors. “Inflation was starting to ease in … Read more
IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing February inflation rate at 0.3% month over month and 2.4% year over year 04:04 UP NEXT Drivers hit hard by surging gas prices 01:41 Markets slide as oil prices rise amid the Iran conflict 06:22 Gas prices skyrocket … Read more
The Consumer Price Index for February will be reported at 8:30 a.m. ET Wednesday and is expected to show that prices rose only slightly right before the Iran war sent energy costs skyrocketing. Analysts and economists surveyed expect inflation overall to have risen 0.3% from January. Year over year, inflation is expected to remain tracking … Read more
Mortgage rates are edging up on Thursday amid renewed inflation fears tied to the war in Iran. The average national rate for a 30-year fixed-rate mortgage rose to 6%, up modestly from 5.98% last week, the lowest since September 2022, according to new data from Freddie Mac. Home loan costs remain far lower than a year ago, when … Read more
Stocks plunged Thursday, with the Dow Jones Industrial Average tumbling more than 1,000 points as oil prices jumped amid the war with Iran. Higher energy prices are sparking concerns on Wall Street that they could reignite U.S. inflation. The Dow tumbled 1,014 points, or 2.1%, as of 2:14 p.m. Eastern time. The broad-based S&P 500 … Read more