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US consumer inflation expected to have increased further in April amid Iran war

US consumer inflation expected to have increased further in April amid Iran war

By Lucia Mutikani WASHINGTON, May 12 (Reuters) - U.S. consumer prices likely rose at a solid pace for a second straight month in April, which would result in the largest annual increase in inflation in more than 2-1/2 years and further bolster expectations the Federal Reserve would keep interest
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US consumer prices jump as Iran war sends energy prices rapidly higher

US consumer prices jump as Iran war sends energy prices rapidly higher

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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US consumer prices increase further in April

US consumer prices increase further in April

By Lucia Mutikani WASHINGTON, May 12 (Reuters) - U.S. consumer prices rose at a brisk clip for a second straight month in April, resulting in the largest annual increase in inflation in nearly three years and further bolstering expectations the Federal Reserve would keep interest rates unchanged for
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US Stock Market Declines Amid Rising Inflation and Iran Tensions

US Stock Market Declines Amid Rising Inflation and Iran Tensions

US Stock Market Declines Amid Rising Inflation and Iran Tensions
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Morning Bid: Ceasefire on life support

Morning Bid: Ceasefire on life support

By Mike Dolan May 12 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets With the month-old Iran war ceasefire now on “life support”, according to U.S.
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Nasdaq Futures Decline as Wall Street Awaits Inflation Report Amid US-Iran Tensions

Nasdaq Futures Decline as Wall Street Awaits Inflation Report Amid US-Iran Tensions

Nasdaq Futures Decline as Wall Street Awaits Inflation Report Amid US-Iran Tensions
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Inflation Surge to 3-Year High Raises Concerns for Mortgage Rates

Inflation Surge to 3-Year High Raises Concerns for Mortgage Rates

Inflation Surge to 3-Year High Raises Concerns for Mortgage Rates
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US consumer prices rise 3.8% as Iran war sends energy prices higher

US consumer prices rise 3.8% as Iran war sends energy prices higher

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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Goldman Sachs delays Fed cut outlook to December 2026 as Iran war drives US inflation

Goldman Sachs delays Fed cut outlook to December 2026 as Iran war drives US inflation

May 11 (Reuters) - Goldman Sachs has pushed back its forecast of U.S. Federal Reserve rate cuts to December 2026 and March 2027 from its previous outlook of cuts in September and December this year, saying high energy prices would likely keep inflation elevated.
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President Trump Pushes for Fed Leadership Change Amid Interest Rate Dispute

President Trump Pushes for Fed Leadership Change Amid Interest Rate Dispute

President Donald Trump is set to replace Federal Reserve Chair Jerome Powell with Kevin Warsh, following a prolonged dispute over interest rate policies. Trump has been advocating for a reduction in the federal funds target rate to 1% or lower, aiming to stimulate corporate borrowing and economic growth. Despite Trump's efforts, Powell has maintained that monetary policy decisions should be based on economic data rather than political influence. The transition in Fed leadership comes as the U.S. faces significant economic challenges, including a $39 trillion national debt and rising federal deficits. Warsh, known for his hawkish stance on price stability, is expected to take over as the 17th head of the Fed after clearing a Senate Banking Committee vote.
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April CPI rises more than expected; bond yields climb

April CPI rises more than expected; bond yields climb

NEW YORK, May 12 (Reuters) - U.S. consumer prices rose at a brisk clip for a second straight month in April, posting the largest annual increase in inflation in nearly three years and further bolstering expectations the Federal Reserve will keep interest rates unchanged for a while.
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China's Inflation Surpasses Expectations in April Amid Rising Energy Costs

China's Inflation Surpasses Expectations in April Amid Rising Energy Costs

In April 2026, China's consumer and producer inflation rates exceeded expectations, driven by increased energy costs due to the ongoing conflict in Iran. The consumer price index (CPI) rose by 1.2% year-over-year, surpassing the anticipated 0.9% growth. Meanwhile, the producer price index (PPI) surged by 2.8%, marking the highest increase since July 2022. This rise in inflation is attributed to the disruption of energy markets caused by the Iran war, which has affected global commodity prices. The blockade of the Strait of Hormuz has particularly impacted oil and gas prices, contributing to the inflationary pressures.