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'I love the inflation,' Trump says as prices rise amid Iran war

'I love the inflation,' Trump says as prices rise amid Iran war

By Bo Erickson and Susan Heavey WASHINGTON, June 10 (Reuters) - President Donald Trump on Wednesday appeared to embrace data showing inflation has risen more than 4%, telling reporters that he "loved" inflation and reiterating his belief that prices will fall as soon as the Iran war ends.
Reuters Reuters
Rising fuel prices hit US farms as Iran war drags on

Rising fuel prices hit US farms as Iran war drags on

By Nicole Jao and Tom Polansek NEW YORK/CHICAGO, June 9 (Reuters) - High energy costs are squeezing grain and soybean growers across the U.S. farm belt, as the Iran war chokes fuel supplies through the Strait of Hormuz and pushes diesel prices to record highs in key agricultural states.
Reuters Reuters
US consumer prices increase as expected in May

US consumer prices increase as expected in May

By Lucia Mutikani WASHINGTON, June 10 (Reuters) - U.S. consumer inflation increased at its fastest pace in three years in May as the Middle East conflict raised the price of gasoline and other energy products, giving more ammunition for the Federal Reserve to keep interest rates unchanged into 2027.
AP News AP News
The Latest: House poised to fund immigration enforcement for the rest of Trump's term

The Latest: House poised to fund immigration enforcement for the rest of Trump's term

House Republicans hope to approve nearly $70 billion for immigration enforcement on Tuesday, which would fund Homeland Security throughout President Donald Trump’s time in office
AP News AP News
Inflation rises to a 3-year high on spiking gas prices, squeezing Americans financially

Inflation rises to a 3-year high on spiking gas prices, squeezing Americans financially

Consumer prices probably jumped in May for the third straight month, heightening concerns for the inflation fighters at the Federal Reserve and underscoring the threat rising costs pose for the Trump administration as midterm elections near
AP News AP News
Wall Street points toward another tech sell-off while oil prices jump after US attack on Iran

Wall Street points toward another tech sell-off while oil prices jump after US attack on Iran

The technology sell-off on Wall Street dragged into another day and oil prices rose after the U.S. military launched attacks against Iran
AP News AP News
The Latest: US military launches strikes against Iran in response to downing of American helicopter

The Latest: US military launches strikes against Iran in response to downing of American helicopter

The U.S. military says it has begun strikes against Iran following the crash of a U.S. Army Apache helicopter off the coast of Oman
TheStreet TheStreet
Gas prices may surprise you next time you're at the pump

Gas prices may surprise you next time you're at the pump

If you routinely pull into a gas station for a fill-up once a week, you may notice that the tab for gasoline is different. Noticeably different. Gasoline prices in the United States are lower. In fact, according to AAA data, the average price of a gallon of gas has fallen 10.5% to $4.164 a gallon ...
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Rising Fuel Prices Impact U.S. Farmers Amid Ongoing Iran Conflict

Rising Fuel Prices Impact U.S. Farmers Amid Ongoing Iran Conflict

Rising Fuel Prices Impact U.S. Farmers Amid Ongoing Iran Conflict
Reuters Reuters
Trump approval stays near record low as most Americans expect higher gas prices

Trump approval stays near record low as most Americans expect higher gas prices

By Jason Lange WASHINGTON, June 8 (Reuters) - President Donald Trump's approval rate held near the lowest levels of his political career in recent days as most Americans said they expected gasoline prices to keep rising amid the Iran war, according to a Reuters/Ipsos poll completed on Monday.
Rapid Read Rapid Read
President Trump Threatens Military Action if Iran Deal Fails

President Trump Threatens Military Action if Iran Deal Fails

President Trump has stated that the United States is prepared to resume military operations against Iran if diplomatic efforts to halt Tehran's nuclear ambitions fail. In an interview, Trump emphasized a dual-track strategy of diplomacy backed by the threat of force, indicating that military action would be a simpler path if negotiations stall. The remarks come amid ongoing tensions and a U.S. naval blockade, with Trump asserting that a successful diplomatic framework would involve dismantling Iran's nuclear infrastructure.
Reuters Reuters
Euro zone bond yields steady as Middle East tensions ease, eyes on ECB

Euro zone bond yields steady as Middle East tensions ease, eyes on ECB

LONDON, June 9 (Reuters) - Euro zone government bond yields were steady on Tuesday as easing tensions between Israel and Iran for now calmed fears that their weekend attacks could derail U.S. efforts to broker a peace deal to end the Middle East conflict.