In an aerial view, the Marathon Petroleum Corp’s Los Angeles Refinery is seen on April 02, 2026 in Carson, California. Justin Sullivan | Getty Images The Iran war is starting to show up in the U.S. economy in ways both obvious and not so much, with soaring energy costs leading the impact and potential hits…
Cleveland Federal Reserve President Beth Hammack said Wednesday that the central bank is weighing threats to both inflation and employment and should keep interest rates on hold as conditions evolve. In a live CNBC interview, the central bank official advocated a patient approach to monetary policy as officials watch incoming data for clues about where…
U.S. President Donald Trump speaks to the media, before boarding Air Force One on his way to Virginia, at Joint Base Andrews in Maryland, U.S., April 10, 2026. Evelyn Hockstein | Reuters President Donald Trump on Wednesday again threatened to fire Federal Reserve Chair Jerome Powell and said the probe into the renovation of the…
ANKARA, TURKIYE – APRIL 14: An infographic titled “US warships around the Strait of Hormuz” created in Ankara, Turkiye on April 14, 2026. (Photo by Yasin Demirci/Anadolu via Getty Images) Anadolu | Anadolu | Getty Images The U.S. blockade of Iranian ports is now fully into effect, “completely” cutting off Tehran’s international sea trade that…
The effect artificial intelligence will have on the labor market has left workers and job seekers alike worried about their future. Top executives, however, are optimistic that the technology can continue to augment workloads rather than entirely displace human employees. The debate over the future of work even extends inside the corridors of a major…
People shop at a local supermarket in the Sugar Hill neighborhood of the Manhattan borough of New York City on April 9, 2026. Charly Triballeau | Afp | Getty Images Producer prices rose in March but considerably less than expected as the Iran war’s push on energy prices rekindled fears of another inflation burst. The…
Lightning occurs when META 4, an Oil Products Tanker, sails into Muscat Anchorage on March 21, 2026 at Sultan Qaboos Port in Muscat, Oman. Elke Scholiers | Getty Images President Donald Trump ordered a naval blockade of the Strait of Hormuz on Sunday, dimming hopes for a quick end to the conflict in the Middle…
Consumer confidence plunged to a record low in April as fears mounted over rising energy prices and the broader impact of the Iran war, according to a University of Michigan survey Friday. The university’s headline index of consumer sentiment tumbled to 47.6, down 10.7% from March to its lowest on record. Current conditions and expectations…
A man shops for butter at a supermarket in Houston, Texas, on March 17, 2026. Ronaldo Schemidt | AFP | Getty Images Consumer prices spiked in March as the Iran war sent energy costs soaring and took the Federal Reserve further from its inflation target, according to a Bureau of Labor Statistics reported Friday. Underlying…
A customer shops for beef at a grocery store on April 6, 2026 in Los Angeles, California. Justin Sullivan | Getty Images Core inflation eased slightly in February before the recent surge in energy prices, according to a key gauge released Thursday that offers the Federal Reserve a snapshot of conditions leading into the Iran…