The global oil supply shock stemming from the Iran war is scorching U.S. motorists and other consumers, new federal data makes clear. Higher energy prices accounted for 40% of the total jump in inflation in April, when the Consumer Price Index surged at an annual rate of 3.8% — the fastest increase in nearly three years. … Read more
Moments before President Trump left for his trip to Beijing on Tuesday, he took questions from reporters on the Iran war, inflation, and more. Following Mr. Trump’s comments, CBS News’ Olivia Rinaldi, Kelly O’Grady and Sam Vinograd provided context. Source link
NEWYou can now listen to Fox News articles! Rep. Nancy Pelosi, D-Calif., other Democratic lawmakers and former Republican Rep. Marjorie Taylor Greene targeted President Donald Trump while speaking out about inflation and the Iran war on Tuesday after the U.S. released new Consumer Price Index data. “From the pump to the grocery store, the President’s … Read more
Inflation accelerated in April to highest since May 2023 – CBS News Watch CBS News New inflation data shows a concerning trend in April as the Iran war impacts Americans’ wallets. CBS News’ Kelly O’Grady reports. Source link
IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing April inflation rate surges to 3.8% amid uncertainty in the Middle East 05:08 UP NEXT President Trump looks to suspend the federal gas tax 01:40 U.S. economy adds 115,000 jobs in April, unemployment rate at 4.3% 04:26 Crude … Read more
Inflation accelerated in April to an annual rate of 3.8%, the highest since 2023, as the Iran war pushed up energy costs and raised prices across the economy. By the numbers Economists predicted inflation would jump to 3.7% on an annual basis, up from the 3.3% reading in March, according to a FactSet poll. The CPI, a basket … Read more
The Consumer Price Index is widely expected to show inflation has risen to a nearly three-year high when April’s data is released Tuesday morning. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The Iran war’s wide-ranging economic fallout has caused prices to spike, and economists and analysts project … Read more
A mortgage interest rate lock could have multiple advantages for borrowers now. Olga Yastremska/Getty Images When it comes to finding a low mortgage interest rate, timing plays a critical role. Unfortunately, as many borrowers have seen in recent months, the timing lately hasn’t been very beneficial. Thanks to a combination of overseas conflicts, pronounced market … Read more
Gold isn’t a guaranteed shield against inflation, but it remains a useful tool when used thoughtfully. PeilingLeeCopyright/Getty Images A fresh surge in inflation is once again reshaping the financial conversation. After months of relative stability, a global energy shock tied to the conflict in Iran pushed U.S. consumer prices higher in March, with inflation climbing … Read more
