Fresh coverage on the economy, markets, and the forces moving money.
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The U.S. labor force participation rate fell to 61.9% in March, its lowest since 1977 outside the pandemic, as aging and immigration curbs pulled more people out of work.
Trump’s two-week Gulf ceasefire and reopening of the Strait of Hormuz sent Brent crude down 12% to $91 a barrel after nearly 6 weeks of disruption.
U.S. consumer prices rose 0.9% in March as the war with Iran sent gasoline up 21.2% and lifted annual inflation to 3.3%.
The world’s 500 richest people gained $265 billion in a day after Donald Trump pulled back his threat of immediate military action, with the Dow up 2.85%.
Tanker traffic in the Strait of Hormuz remains near a standstill, keeping U.S. oil below $100 a barrel despite Trump’s ceasefire announcement.
March CPI rose 0.9% from February and 3.3% from a year earlier as the Iran war pushed gasoline and other fuel costs higher.
U.S. payrolls rose in March, but the labor-force participation rate fell to 61.9%, its lowest since 1977 outside the pandemic.