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
WASHINGTON — The U.S. and Israeli attacks on Iran add yet more question marks around a U.S. economy already buffeted by on-and-off tariffs, weak hiring, and lingering inflationary pressures. The war has already raised oil prices and could lift prices at the pump as early as this week, but the ultimate impact on the economy … Read more
Stocks slid on Friday as higher-than-expected inflation data and mounting fears about artificial intelligence’s economic impact weighed on investors. The S&P 500 fell 30 points, or 0.4%, to close at 6,879, while the Dow Jones Industrial Average tumbled 521 points, or 1.1%. The tech-heavy Nasdaq Composite sank 0.9% on the day. The losses followed the … Read more