Iran war pushes U.S. inflation higher on gasoline prices
March CPI rose 0.9% and 3.3% from a year earlier as gasoline and oil surged after the war with Iran pushed energy prices higher.
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March CPI jumps on Iran war energy shock
Brent crude traded at $96 a barrel as investors weighed inflation risks, with economists expecting annual CPI at 3.4% and gas prices to surge.
Labor-force participation falls to 1977 low outside the pandemic
U.S. labor-force participation fell to 61.9% in March, the lowest since 1977 outside the pandemic, even as employers kept adding jobs.
Gasoline spike lifts March inflation to 3.3% amid Iran war
March CPI rose 0.9% as gasoline prices jumped 21.2%, the biggest monthly gain since 1967, adding pressure to household budgets and other prices.
IMF warns Iran war could trigger emerging-market capital outflows
Georgieva said the war points to “higher prices and slower growth,” even if fighting stopped immediately.
Oil markets eye Strait of Hormuz after U.S.-Iran ceasefire
Markets swung after the truce, with oil logging its biggest one-day drop since April 2020 before recovering and equities extending gains on expectations inflation would hold steady.
Oil markets price Strait of Hormuz closure at Brent above $99
Abu Dhabi’s oil chief said the Strait of Hormuz is still not open, and Brent crude climbed back above $99 a barrel as traders priced in shipping risk.
Mortgage rates ease to 6.37%, leaving housing market stuck
The 30-year mortgage rate slipped to 6.37%, but homebuyers still face high borrowing costs and a market stuck in a holding pattern.
Iran war lifts mortgage rates and borrowing costs
Reuters said Treasury yields jumped as investors weighed higher oil prices and inflation worries, raising borrowing costs across housing and credit.
Iran ceasefire jitters lift oil on Strait of Hormuz fears
President Donald Trump warned Tehran over any fees on vessels in the Strait of Hormuz as West Texas Intermediate climbed and traders questioned whether the ceasefire will hold.
China’s copper imports slump to weakest level since 2011
WTI rose 0.6% to $98.43 as traders watched the Strait of Hormuz and Iran war risks.
Freddie Mac mortgage rate falls to 6.37% after Iran ceasefire
Freddie Mac’s 30-year mortgage rate slipped to 6.37% after a five-week climb, but economists still see a fragile housing market.