Inflation Near Three-Year High as Iran War Drives Prices
TL;DR Summary
April inflation is expected to rise to about 3.8% year over year, up 0.6 percentage points from March, as energy costs and oil prices boosted by the Iran conflict spill into prices; core inflation is seen up 0.3% month over month, while wage growth cooled to around 3.4% in March, potentially keeping inflation ahead of wages and worsening affordability; gas averages about $4.50 a gallon with crude oil trading above $101 a barrel.
- Inflation expected to jump to a 3-year high as Iran war continues to fuel rising prices NBC News
- Treasury yields rise as investors await key inflation data CNBC
- Inflation Drumbeat Persists for Unnerved US Consumer Bloomberg.com
- US consumer inflation expected to have increased further in April amid Iran war Reuters
- The Fed's inflation reckoning deja vu Axios
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