Fresh coverage on the economy, markets, and the forces moving money.
The OECD now sees U.S. inflation at 4.2% in 2026, far above the Fed’s 2.7% view, as the Iran war energy shock ripples through shipping and supply chains.
Average gas prices hit $3.98 a gallon as the Iran conflict disrupts crude and LNG flows through the Strait of Hormuz.
S&P Global’s flash composite PMI hit 50.5 in March, with weaker hiring and cooling new orders complicating ECB rate-cut plans as inflation risks rise.
Wood Mackenzie estimates about 9M barrels a day of Gulf output now sits shut in, while Fed Chair Jerome Powell warned of “an energy shock of some size and duration”.
Gold fell as much as 2% Tuesday and logged its worst weekly drop since 2011 last week, as markets scaled back expectations for aggressive Fed rate cuts.
The BOJ plans a new price indicator by summer to filter out subsidy effects, as officials weigh imported inflation risks from oil and the yen against a softer headline CPI.
Trump’s comments on talks with Iran eased oil’s fear premium tied to the Strait of Hormuz, even as Tehran denied direct negotiations.
The BOJ plans a new summer indicator to strip out one-off policy effects as it weighs hikes amid weak yen, higher oil prices and subsidy-driven CPI swings.
Even as Trump talked diplomacy with Iran, the Pentagon moved forces into position and traders kept pricing Hormuz risk.