Macro indicators, policy shifts, and economic forces shaping growth and inflation.
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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%.
U.S. payrolls rose in March, but the labor-force participation rate fell to 61.9%, its lowest since 1977 outside the pandemic.
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.
Georgieva said the war points to “higher prices and slower growth,” even if fighting stopped immediately.
Reuters said Treasury yields jumped as investors weighed higher oil prices and inflation worries, raising borrowing costs across housing and credit.
Freddie Mac says the average 30-year mortgage rate dipped to 6.37%, but borrowing costs still pressure the spring housing market.
U.S. labor-force participation fell to 61.9% in March, its lowest since 1977 outside the pandemic, even as payrolls beat forecasts.
U.S. jobless claims rose by 16,000 to 219,000, while inflation is expected to climb as the Iran war lifts energy, food and financing costs.
