Sign in Subscribe

inflation

US economic growth sharply lower than estimated in fourth quarter

US economic growth sharply lower than estimated in fourth quarter

The US economy grew at a significantly slower pace than initially estimated for the final months of 2025, government data showed Friday, a major downgrade that comes as fallout from war in the Middle East looms. US GDP rose at an annual rate of 0.7 percent in the fourth

US Fed's preferred inflation gauge edges down

US Fed's preferred inflation gauge edges down

The US Federal Reserve's preferred inflation gauge came in slightly lower than expected in January, registering 2.8 percent growth over a year ago, according to data released Friday ahead of a key central bank rate-setting meeting next week. The United States has seen stubbornly high inflation

Global Tensions Push Up Weekly Mortgage Rates

As the Iran war continues into its second week, markets remain unsettled by uncertainty over oil prices and inflation — two forces that ripple through the economy to affect mortgage rates. The average rate on a 30-year fixed-rate mortgage rose seven basis points to 5.98% APR in the

Oil surges, stocks retreat on fears of prolonged Iran war

Oil surges, stocks retreat on fears of prolonged Iran war

Oil prices jumped Thursday with Brent crude settling above $100 a barrel for the first time since August 2022, as Iran vowed to make the United States regret launching its war against the country. The price of Brent crude surged 9.2 percent to $100.46 a barrel, while its

Oil, Iran, and the recession question

Oil, Iran, and the recession question

Oil, Iran, and the recession question Oil and Recessions It's been well documented that geopolitical shocks rarely have lasting economic consequences. Looking back at major events since World War II, markets have typically dipped around 5% before bouncing back in under three weeks. So why does oil get

US consumer inflation unchanged but price shocks from Iran war loom

US consumer inflation unchanged but price shocks from Iran war loom

Consumer inflation in the United States remained stable at 2.4 percent in February, official data showed Wednesday, with price shocks from the US-Israel war on Iran yet to be reflected in the data. US President Donald Trump has made lowering prices a key part of his agenda, with

Inflation remains at 2.4%, Iran war could complicate gas prices

(The Center Square) - Inflation rose 0.3% in February for an overall average of 2.4% over the last 12 months, the same rate as in January. The price of shelter rose by 0.2% in February alongside a 0.4% increase in the price of food. The index for