Inflation, OECD
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Global inflation expected to rise
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US consumer sentiment slid to a three-month low in March and year-ahead inflation expectations jumped as the war in the Middle East drives up gasoline prices.
By Lucia Mutikani WASHINGTON, March 27 (Reuters) - U.S. consumer sentiment fell more than expected in March, touching a three-month low, as war in the Middle East stoked inflation worries and cast a shadow over the economic outlook.
Economists have downgraded the U.S. outlook as the Iran conflict and higher energy prices are expected to push inflation higher, weaken consumption, and slow GDP growth.
Officials expect the recent increase in energy prices stemming from the Iran war to lead to higher inflation in the coming months, Senior Deputy Gov. Carolyn Rogers said.
FRANKFURT, March 27 (Reuters) - Euro zone consumers were reducing their inflation expectations in the run-up to the U.S.-Israeli war on Iran, before a surge in energy prices fundamentally changed the outlook,
When you're no longer earning an income, inflation isn't just an annoyance. Rather, it can be a huge source of financial stress.
Traders in the futures market shifted the probability of a rate increase by the end of 2026 to 52% on Friday morning.
High gas prices, inflation squeezing profit margins for local food trucks For all that Tiger Woods has done on the golf course, his life outside the ropes continues to spiral. "Magnificent Seven" stocks got hit this week as inflation fears rose and headwinds surfaced for the sector. Higher gas prices are weighing on fast food sales.