A man walks among buildings destroyed in a joint attack by Israel and the United States on April 6, 2026, in Tehran, Iran.Majid Saeedi | Getty ImagesPolicymakers around the world are closely watching developments in the Middle East as they gauge the most prudent response to the economic fallout of...
Category: Economy
Cattle prices soar to record highs as grilling season heats up
grandriver | Getty ImagesBeef climbed to all-time highs on Tuesday, a bad sign for shoppers planning summer barbecues.Live cattle futures traded at the CME Group settled at $2.51 per pound on Tuesday, the highest price on record going back to the 1960s, according to FactSet data. Each contract is for...
Consumer sentiment hits record low, inflation fears rise amid Iran war
Consumer confidence plunged to a record low in April as fears mounted over rising energy prices and the broader impact of the Iran war, according to a University of Michigan survey Friday.The university's headline index of consumer sentiment tumbled to 47.6, down 10.7% from the March survey to its lowest...
Inflation held sticky at 3% as U.S. headed into war with Iran, key Fed gauge shows
Core inflation held above the Federal Reserve's target before the recent surge in energy prices, according to a key gauge released Thursday that offers the central bank a snapshot of conditions leading into the Iran war.The core personal consumption expenditures price index, which excludes food and energy, rose a seasonally...
The March jobs report will be released on Friday. Here’s what to expect
A “Help Wanted” sign hangs in restaurant window in Medford, Massachusetts, U.S., January 25, 2023. Brian Snyder | ReutersNonfarm payrolls are expected to bounce back — barely — in March as the bar keeps getting lower for what constitutes a healthy labor market.The U.S. economy is projected to show job...