Stricken with severe abdominal pain, Randy Slaughter spent three days at a nonprofit hospital in College Station, Texas, in April 2024. But doctors couldn’t determine the cause and sent him home, Slaughter said, advising him to change his diet. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. His … Read more
WASHINGTON — The jump in gas prices stemming from the war in Iran has had another impact that may also affect many Americans’ finances: Higher interest rates. Longer-term interest rates have risen quickly since the war began Feb. 28, pushing up the cost of mortgage loans, auto loans, and business borrowing. And with inflation measures … Read more
Mortgage rates in the U.S. jumped this week to the highest level in three months, as the Iran war fans inflation fears and puts pressure on the U.S. housing market. The 30-year fixed mortgage rate rose to 6.22% in the week ending March 19, up from 6.11% the previous week, according to Freddie Mac. Economists note that … Read more
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