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U.S. producer prices increased more than expected in May, official data showed Thursday, as rising energy costs tied to the Iran war pushed annual wholesale inflation to its highest level in three and a half years. The Producer Price Index for final demand rose …
U.S. inflation has accelerated sharply since the onset of the Iran war in late February 2026, with energy prices constituting the primary transmission mechanism from the geopolitical shock to consumer costs. Consumer prices rose 4.2% year-on-year in May, up from 3.8% in April and …
The inflationary impact of the Iran war is moving in waves through the global economy. The first and most visible wave is energy, with crude oil, gasoline, diesel, and jet fuel prices rising sharply as the Strait of Hormuz closure disrupts one-fifth of the …
Bitcoin traded between $62,600 and $62,788 on Thursday, recovering from three consecutive sessions of losses and staging one of the more complex single-day moves in recent weeks as conflicting macro signals pulled the asset in different directions simultaneously.
The May Producer Price Index has given Federal Reserve officials yet another data point suggesting that the inflation environment is moving away from conditions that would justify rate cuts and toward conditions where a rate increase becomes defensible. The headline PPI rose 6.5% year-on-year …
The Federal Reserve held its benchmark interest rate steady at the 3.50% to 3.75% range at its April 2026 meeting, as it has done at each meeting since December 2025. But with headline CPI rising above 4% in May and the Producer Price Index …
The Federal Reserve's June 16-17 FOMC meeting is set to produce a hold, but the content of the policy statement and the updated quarterly projections will be scrutinised far more intensely than the rate decision itself. The central question is whether the Fed signals …
Stagflation occupies a distinctive place in economic history because it combines two conditions that often move in opposite directions: weak growth and persistent inflation. The phenomenon became particularly associated with the 1970s, when energy shocks and structural economic challenges contributed to prolonged periods of …
The World Bank released its June 2026 Global Economic Prospects report on Thursday, delivering its starkest assessment yet of the economic damage from the U.S.-Iran conflict. Global growth is now forecast at 2.5% for 2026, down from 2.9% in 2025 and the weakest rate …
The Iran war has delivered the aviation industry its worst cost shock since the COVID-19 pandemic, with jet fuel prices roughly doubling since the conflict began in February 2026. The International Air Transport Association has warned that the surge in energy costs will nearly …
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