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Iran economic fallout is temporary, Hassett says

(The Center Square) – The economic fallout of the U.S. conflict in Iran will be temporary, National Economic Council Director Kevin Hassett said on Wednesday. Hassett touted the Trump administration’s policies to reduce prices for items like eggs and said the economy can bounce back from a temporary increase

Consumer sentiment slides, but retail spending holds for now

Consumer sentiment slides, but retail spending holds for now Retail and e-commerce are entering a fragile phase as they head into peak planning. Consumer sentiment is falling again, but the implications for the industry are more complex than a single headline suggests. Beneath the surface, spending remains unevenly resilient,

U.S. considers gas tax holiday as Canada moves ahead

(The Center Square) – Americans could soon pay more at the pump as the U.S.-Iran conflict disrupts oil markets, while lawmakers debate suspending the federal gas tax, a move Canada has just taken. Similar plans have been discussed in the U.S., but have yet to advance. In early

Germany unveils 1.6 bn euro fuel price relief to tackle energy shock

Germany unveils 1.6 bn euro fuel price relief to tackle energy shock

Germany on Monday unveiled 1.6 billion euros ($1.9 billion) in fuel price relief for households and businesses struggling with the energy shock unleashed by the Middle East war. The announcement came after oil prices surged again following the collapse of US-Iran peace talks and US President Donald

Stocks up, oil down over week on guarded optimism for Iran

Stocks up, oil down over week on guarded optimism for Iran

Wall Street stocks rose sharply over the week and oil prices fell as a fragile truce was struck between the United States and Iran, with ceasefire talks due to start in Islamabad on Saturday. For the week, all three major US indices advanced by more than three percent. Oil prices

Montana Found to Have 4th Least Competitive Housing Market of 2026

Montana Found to Have 4th Least Competitive Housing Market of 2026

After more than two years of stiff competition and fast-rising prices, the U.S. residential housing market experienced a rapid cooldown throughout the latter half of 2022 and the early months of 2023. Subsequently, after a turbulent few years of price surges, rapid cooldowns, and fluctuating mortgage rates, the

Mortgage Rates Move Lower as Economic Outlook Worsens

Mortgage Rates Move Lower as Economic Outlook Worsens

Mortgage interest rates improved slightly this week, though that's not much comfort given the state of the world. In truth, it's actually a sign of how negative the economic outlook's becoming. The average rate on a 30-year fixed-rate mortgage fell to 6.