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Fed's Collins says rate hikes may be needed to quell inflation

Fed's Collins says rate hikes may be needed to quell inflation

By Michael S. Derby May 13 (Reuters) - Boston Federal Reserve President Susan Collins said on Wednesday the U.S. central bank may need to raise interest rates if inflation pressures do not abate.
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Producer prices shot up 6%, adding pressure on companies to hike prices for struggling customers

Producer prices shot up 6%, adding pressure on companies to hike prices for struggling customers

U.S. wholesale inflation came in hot last month
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US import prices surge in April as fuels post biggest gain in four years

US import prices surge in April as fuels post biggest gain in four years

WASHINGTON, May 14 (Reuters) - U.S. import prices surged in April, with the cost of fuels posting the largest increase in four years, another indication that the U.S.-backed war with Iran was boosting inflation.
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Oil prices slip on teetering Iran ceasefire as Trump heads to China

Oil prices slip on teetering Iran ceasefire as Trump heads to China

By Katya Golubkova TOKYO, May 13 (Reuters) - Oil prices fell on Wednesday after rising in three consecutive sessions, as investors awaited developments around the fragile ceasefire in the Iran war and U.S. President Donald Trump headed to China for a high stakes summit with President Xi Jinping.
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Hot April producer price number adds to inflation worries

Hot April producer price number adds to inflation worries

NEW YORK, May 13 (Reuters) -  U.S. producer prices increased more than expected in April, posting their biggest gain since early 2022, the latest indication that inflation was accelerating amid the war with Iran.
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Traders Predict Inflation Could Reach 5% Amid Rising Energy Costs

Traders Predict Inflation Could Reach 5% Amid Rising Energy Costs

Traders Predict Inflation Could Reach 5% Amid Rising Energy Costs
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Hapag-Lloyd Reports Q1 Loss Due to Hormuz Disruptions and Weak Freight Rates

Hapag-Lloyd Reports Q1 Loss Due to Hormuz Disruptions and Weak Freight Rates

Hapag-Lloyd Reports Q1 Loss Due to Hormuz Disruptions and Weak Freight Rates
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Businesses are facing rising costs during the Iran war, and economists expect more strains ahead

Businesses are facing rising costs during the Iran war, and economists expect more strains ahead

Costs are piling up for businesses during the U.S. and Israel’s war against Iran — and many economists see a bleak outlook, with some bracing for a downturn in hiring and investment in the coming months
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S 500 and Nasdaq Open Lower Amid Inflation Concerns and Middle East Conflict

S 500 and Nasdaq Open Lower Amid Inflation Concerns and Middle East Conflict

S 500 and Nasdaq Open Lower Amid Inflation Concerns and Middle East Conflict
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The Iran war is hitting home as gasoline prices fuel inflation surge of 3.8% in the US

The Iran war is hitting home as gasoline prices fuel inflation surge of 3.8% in the US

U.S. consumer prices climbed a sharply again last month as the 10-week war with Iran pushed energy prices higher
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World markets feel the strain as US–Iran war grinds on

World markets feel the strain as US–Iran war grinds on

By Karin Strohecker and Dhara Ranasinghe LONDON, May 12 (Reuters) - From a rout in Asian currencies to the closure of a low budget U.S. airline, the dragging Middle East conflict is starting to bite across the globe and test the resilience of financial markets.
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Goldman Sachs Lowers Recession Odds Amid Muted Iran War Impact

Goldman Sachs Lowers Recession Odds Amid Muted Iran War Impact

Goldman Sachs Lowers Recession Odds Amid Muted Iran War Impact