Iran war cost: Average U.S. household paying $450 more on gas and energy
Fri May 29 3:58 pm
Higher energy costs can force consumers to raid their savings and lean more on debt to cover expenses.
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CNBC | Economy Headlines
How the ‘double scar’ of past inflation woes and geopolitical shocks amid the Iran war is hitting consumers
Fri May 29 8:24 am
Mental "scars" reinforce fears of stagflation, when rising prices coincide with declining growth, research finds.
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Core inflation hit an annual rate of 3.3% in April, as expected, Fed’s preferred gauge shows
Thu May 28 11:15 am
The PCE price index for April was expected to show an annual inflation rate of 3.8% for all items and 3.3% for core.
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Energy inflation has been more persistent than expected, Fed's Goolsbee tells CNBC
Thu May 28 2:08 am
While oil prices have recently fallen on news that a peace deal between the U.S. and Iran could come, prices are still significantly higher than before the war.
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Fed’s Kashkari tells CNBC that inflation fight takes priority as labor market is 'in decent shape'
Thu May 28 2:06 am
The Minneapolis Fed President warned that persistently high inflation risks becoming embedded in consumer expectations, potentially forcing tougher policy action later.
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ECB 'will do what is necessary' to tame inflation, Bank of France governor tells CNBC
Tue May 26 9:53 am
Markets are overwhelmingly pricing in a rate hike from the central bank at its next meeting.
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Americans are feeling inflation's pinch into the holiday weekend. Here's where prices are rising the most
Sat May 23 8:32 am
Prices related to travel, recreation and food saw particularly steep increases, stretching Americans' wallets as they celebrate the unofficial start of summer.
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Consumer sentiment hits fresh record low in May as Iran war fuels inflation worries
Fri May 22 12:13 pm
Consumer sentiment has tumbled to a fresh record low in May as fears of higher prices grow due to the U.S.-Iran war and elevated oil prices.
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UK-Gulf trade deal a 'monumental achievement,' Bahrain industry minister tells CNBC
Thu May 21 4:42 am
Putin-Xi talks revive stalled Russian gas pipeline as Iran war rattles energy markets
Wed May 20 4:15 am
Putin is expected to hold talks with Chinese leader Xi Jinping on Wednesday, with the long-stalled Power of Siberia 2 natural gas pipeline topping the agenda.
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The AI economy is rewriting the American Dream — and blue-collar workers are poised to win
Tue May 19 4:22 pm
AI-driven hiring slowdowns are hitting some entry-level jobs for college graduates as companies like Ford and AT&T ramp up recruiting for skilled trade workers.
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Kevin Warsh to be sworn in as Federal Reserve chair on Friday
Tue May 19 7:37 am
Trump will swear in Kevin Warsh, his hand-picked choice to lead the Federal Reserve, during a White House ceremony.
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