In the weeks before the Iran war, ​Americans’ inflation expectations were little changed, a New York Fed survey says.
Americans’ inflation expectations remained mostly unchanged, while expectations about leaving their job voluntarily dropped to a record low, according to a Federal Reserve Bank of New York survey.
Stocks have plunged as the US-Iran war continues to push oil prices up, threatening to fuel higher inflation.
The Federal Reserve is still widely expected to hold interest rates steady when its officials next meet on March 17-18.
Top economist David Rosenberg thinks the hit to demand from high oil prices will outweigh any inflationary shock over the long run.
After the price of oil soared towards $120 a barrel, ING and RSM UK warned inflation could jump to well over double the Bank ...
Boston Fed President Susan Collins said on Friday that there's no urgent need to change interest rates, expecting current policy to hold for some time.
Some policymakers suggested it was too soon to say how a broadening conflict in the Middle East would impact the U.S. economy ...
The Bank of England faces the prospect of UK inflation rebounding to 5%, with traders ramping up bets on a reversal of recent cuts to interest rates.
The China 'deflation doom loop' story certainly looks like it's aged poorly, as inflation continues to trend higher.