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Soaring gas prices lead to biggest monthly inflation spike in four years

Soaring gas prices lead to biggest monthly inflation spike in four years

The largest monthly jump in gas prices in six decades caused a sharp spike in inflation in March, creating major challenges for the inflation-fighters at the Federal Reserve and heightening the political challenges of rising costs for the White House

Inflation may jump by most in nearly four years as gas prices spike in wake of Iran war

Inflation may jump by most in nearly four years as gas prices spike in wake of Iran war

Inflation probably rose to 3.4% in March compared with a year ago, economists estimate, which would be a sharp increase from February’s 2.4% increase

What the Trump tax breaks giveth, the gasoline pump taketh away

What the Trump tax breaks giveth, the gasoline pump taketh away

By David Lawder WASHINGTON, April 10 (Reuters) - U.S.

Trump Demands Allies to Address Middle East Conflict Amid NATO Criticism

Trump Demands Allies to Address Middle East Conflict Amid NATO Criticism

President Donald Trump is demanding U.S. allies commit to resolving the issues arising from the Iran conflict, particularly in the Middle East and global energy markets. Trump has criticized NATO for not supporting the U.S. during the conflict, expressing dissatisfaction with the alliance's response. The White House is urging European partners to help safeguard oil transportation in the Strait of Hormuz, a vital trade corridor. Trump has threatened to end U.S. obligations under NATO's treaty, demanding 'concrete plans' from allies to protect the strait within days.

US consumer prices surge as expected in March

US consumer prices surge as expected in March

By Lucia Mutikani WASHINGTON, April 10 (Reuters) - U.S. consumer prices increased by the most in nearly four years in March as the war with Iran boosted oil prices and the pass-through from tariffs persisted, further diminishing chances for an interest rate cut this year.

Analysis-Trump's abrupt Iran reversal exposes limits of his leverage

Analysis-Trump's abrupt Iran reversal exposes limits of his leverage

By Matt Spetalnick, David Brunnstrom and Gram Slattery WASHINGTON, April 8 (Reuters) - Donald Trump's dramatic climbdown from his chilling threat to wipe out Iran's civilization has exposed the limits - and the rising risks - of the U.S. president's typically unpredictable negotiating style.

US consumer inflation expected to have surged in March amid Iran war

US consumer inflation expected to have surged in March amid Iran war

By Lucia Mutikani WASHINGTON, April 10 (Reuters) - U.S. consumer prices likely recorded their biggest increase in nearly four years in March as the war with Iran boosted oil prices and the pass-through from tariffs persisted, which would further diminish hopes for an interest rate cut this year.

Soaring gas prices leads to biggest monthly inflation spike in four years in March

Soaring gas prices leads to biggest monthly inflation spike in four years in March

The largest monthly jump in gas prices in six decades caused a sharp spike in inflation in March, creating major challenges for the inflation-fighters at the Federal Reserve and heightening the political challenges of rising costs for the White House

US pump prices to stay elevated despite US-Iran ceasefire deal, market observers say

US pump prices to stay elevated despite US-Iran ceasefire deal, market observers say

By Shariq Khan NEW YORK, April 8 (Reuters) - U.S. consumers will continue to pay high prices to fill up their vehicles or purchase airplane tickets through the peak summer travel season, several market experts said on Wednesday, even as wholesale fuel prices cooled after President Donald Trump

Gas price spike pushes up inflation by most in four years in March

Gas price spike pushes up inflation by most in four years in March

The largest monthly jump in gas prices in six decades caused a sharp spike in inflation in March, creating major challenges for the inflation-fighters at the Federal Reserve and heightening the political challenges of rising costs for the White House

From falling U.S. wealth to Indian factory closures, oil shock raises global recession risk

From falling U.S. wealth to Indian factory closures, oil shock raises global recession risk

By Howard Schneider, Timothy Aeppel, Sarah McFarlane and Sumit Khanna SAN FRANCISCO/AHMEDABAD, India, April 7 (Reuters) - Kevin Kelly is in a tough spot.

The Latest: Iran says it has accepted a 2-week ceasefire in the war

The Latest: Iran says it has accepted a 2-week ceasefire in the war

Iran’s Supreme National Security Council says it has accepted a two-week ceasefire in the war