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Inflation

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politics33 minutes ago

Trump's trade plan pitched as Rust Belt revival on factory floors

U.S. Trade Representative Jamieson Greer tours Rust Belt factories to promote Trump-era tariffs and industrial policies, arguing the economy's fundamentals remain strong even as energy prices spike from the Middle East conflict and March inflation hits 3.3%. He highlighted Whirlpool's $60 million Ohio investment and noted wage and job gains in manufacturing, framing tariffs as a tool to strengthen domestic supply chains rather than raise prices. The visit underscores a campaign-style push for a coming Midwest industrial revival ahead of 2026 races.

via Politico|
#inflation#manufacturing#politics
Gasoline surge pushes March inflation higher amid Iran-related price pressures
economy33 minutes ago

Gasoline surge pushes March inflation higher amid Iran-related price pressures

March CPI rose 3.3% year over year, driven by a 21% jump in gasoline prices; core CPI increased 0.2% for the month and 2.6% over 12 months, while food costs were flat. The energy shock is the primary driver of headline inflation, with non-energy inflation remaining modest. Potential follow-on price pressures could come from supply bottlenecks, as geopolitical tensions around Iran add to energy market volatility ahead of peace talks.

via Axios|
#cpi#economy#energy
Markets Rally Ahead of Peace Talks Despite Mixed Inflation Data
market-news15 hours ago

Markets Rally Ahead of Peace Talks Despite Mixed Inflation Data

U.S. stocks are higher on Friday with the S&P 500 and Nasdaq 100 set to finish the week up as traders weigh a hotter March CPI (headline +0.9%, core +0.2%) against a record-low April consumer sentiment reading, while inflation expectations tick higher. Investors are also eyeing direct U.S.-Iran peace talks and related geopolitical developments as notable catalysts.

via TipRanks|
#consumer-sentiment#cpi#inflation
Record-low U.S. consumer morale sinks to new depths as war-driven inflation bites
economy1 day ago

Record-low U.S. consumer morale sinks to new depths as war-driven inflation bites

The University of Michigan’s consumer sentiment index fell to a record low of 47.6 in April 2026 as price spikes tied to the US–Iran conflict weigh on shoppers; inflation expectations rose (short-term 4.8%, long-term 3.4%), March CPI jumped 0.9% to 3.3%, and unemployment remains relatively low, suggesting sentiment could depress consumer spending if the labor market weakens.

via CNN|
#consumer-sentiment#cpi#economy
March CPI Jump Signals Inflation Unease Amid Energy Shock and Middle East Tensions
business1 day ago

March CPI Jump Signals Inflation Unease Amid Energy Shock and Middle East Tensions

US consumer prices rose 0.9% in March to 3.3% year over year, driven by a sharp energy surge (gasoline +21.2%); core inflation gained 0.2% for the month and 2.6% year over year. The data mirror a mixed economy: Q4 2025 GDP was revised down to 0.5%, the ISM prices index jumped to 70.7 in March, and consumer confidence hit a record low, but payrolls rose by 178,000 and the unemployment rate fell to 4.3%. With inflation showing momentum and energy shocks continuing, the Fed faces a difficult trade-off between tightening to curb prices and not destabilizing the labor market, as analysts warn the next CPI could remain sturdy due to energy-driven price pressures.

via The Guardian|
#business#cpi#energy
U.S. consumer confidence sinks to record low as inflation fears rise amid Iran conflict
economy1 day ago

U.S. consumer confidence sinks to record low as inflation fears rise amid Iran conflict

The University of Michigan’s April survey shows U.S. consumer sentiment dropping to a record low (index 47.6) with one-year inflation expectations rising to 4.8%. Analysts attribute the decline to worries about energy prices tied to the Iran conflict, noting most interviews were completed before the April 7 ceasefire; sentiment could improve if supply disruptions ease and gas prices moderate.

via CNBC|
#consumer-sentiment#economy#energy-prices
Energy surge lifts March CPI as core inflation remains restrained
economy1 day ago

Energy surge lifts March CPI as core inflation remains restrained

March CPI rose 0.9% to 3.3% year over year, led by a 21.2% spike in gasoline and a 10.9% jump in energy from the Iran conflict; core CPI gained 0.2% for the month and 2.6% annually, signaling contained underlying inflation, with pockets of price declines in medical care, personal care, and used cars. Services excluding energy rose 0.2% and shelter 0.3%. Energy pressures eased in April after a U.S.–Iran cease-fire, and markets expect the Fed to remain patient while watching the broader inflation path toward its target.

via CNBC|
#core-inflation#cpi#economy
Oil Shock Lifts China’s PPI as Inflation Watch Tightens
business1 day ago

Oil Shock Lifts China’s PPI as Inflation Watch Tightens

China's producer price index rose 0.5% year over year in March—the first positive reading in more than three years—while consumer prices rose 1%, below forecasts. Oil-market volatility driven by the Iran conflict has pushed Brent near $97 a barrel and gasoline up about 11% month over month, lifting input costs and fueling concerns about potential inflationary pressures even as policy easing remains cautious. Analysts warn margins could be squeezed if costs stay elevated, though China benefits from stockpiles and policy flexibility; first-quarter PPI remains down 0.6% year over year.

via CNBC|
#business#china#inflation
Property Taxes Outpace Inflation Across the U.S., Fueled by Local Budgets
business1 day ago

Property Taxes Outpace Inflation Across the U.S., Fueled by Local Budgets

Last year, the average homeowner paid $4,427 in property taxes, up 3.7% from 2024 and faster than the 2.7% CPI; tax bills rose in 40 states plus D.C., with Delaware up 18% and Maryland 11.6%, even as home values slipped 1.7% to $494,231. Tax hikes reflect local funding needs for schools and services, not consumer prices, and some states cut levies (Wyoming 25% cut for properties up to $1M; Montana rebates). New Jersey averages about $10,500, while West Virginia averages around $1,081. Property taxes account for roughly 70 cents of every dollar in local tax revenue.

via CBS News|
#attom#business#inflation
War in Iran lifts borrowing costs for American households
business1 day ago

War in Iran lifts borrowing costs for American households

The Iran conflict has roiled markets and pushed up U.S. borrowing costs: mortgage rates rose to about 6.37% (from 5.98%), the 10-year Treasury yield climbed toward 4.3–4.5%, and auto loans and credit card rates are likely to stay higher, meaning bigger payments for households. For example, a $500,000 home with a 20% down payment could cost tens of thousands more over the life of a 30-year loan, even as rates remain below last year’s highs.

via CNN|
#borrowing-costs#business#inflation
economy1 day ago

February 2026: Spending Rises as Income Edges Down

US personal income fell 0.1% in February 2026 (-$18.2B), with disposable income down 0.1% (-$18.3B), while personal consumption expenditures increased 0.5% (+$103.2B), boosting total personal outlays by 0.5% (+$106.5B). Personal saving reached $931.5B (4.0% saving rate). The income drop was mainly due to lower personal dividend income and fewer transfer receipts, even as compensation rose. The PCE increase was split between goods (+$58.7B) and services (+$44.5B); real PCE rose 0.1%, and the PCE price index climbed 0.4% (0.4% excluding food and energy). Year over year, PCE prices were up 2.8% (3.0% ex food and energy). BEA notes data revisions and ongoing improvements; the next release is April 30, 2026, at 8:30 a.m. ET.

via U.S. Bureau of Economic Analysis (BEA) (.gov)|
#bea#consumer-spending#economy