Iran war drives UK inflation
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The Iran war has pushed up gasoline, airline fares and other prices for consumers.
Historic energy supply chain disruption may be the ultimate monkey wrench for the central bank and Wall Street.
The Federal Reserve just raised its 2026 inflation outlook by the largest margin in recent memory. Here's what changed, why it matters for your wallet, and what you can do about it.
The largest monthly jump in gas prices in six decades caused a sharp spike in inflation in March, creating major challenges for the inflation-fighters at the Federal Reserve and heightening the political challenges of rising costs for the White House.
Any inflation that outpaces the annual Social Security cost-of-living-adjustment (COLA) cuts into Social Security recipients' purchasing power, and that's what's happening now. The 3.3% inflation figures are 0.5% higher than 2.8% boost recipients received to start the year.
Inflation is shaking the broader economy, but commercial real estate has yet to feel the tremors. Energy price shock tied to the Iran war rippled through the economy in March, driving inflation to 3.3 percent annually,