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Inflation

FILE- In this Feb. 5, 2018, file photo, the seal of the Board of Governors of the United States Federal Reserve System is displayed in the ground at the Marriner S. Eccles Federal Reserve Board Building in Washington. (AP Photo/Andrew Harnik, File)

Key Fed official sees possible rate hike amid higher gas prices, inflation concerns

A top Federal Reserve official said Monday that an interest rate hike could be appropriate if inflation remains persistently above the central bank’s 2% target, the latest sign that some policymakers are moving away from a bias toward reducing borrowing costs.
 
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JPMorgan CEO Jamie Dimon is interviewed by Maria Bartiromo on the "Mornings with Maria Bartiromo" program, on the Fox Business Network, Wednesday, April 9, 2025, in New York. (AP Photo/Richard Drew, File)

JPMorgan CEO Dimon: Iran war could reignite inflation and keep Fed rates higher for longer

 
Gas prices are displayed near a ferris wheel in Frankfurt, Germany, Thursday, April 2, 2026. (AP Photo/Michael Probst)

European ministers call for profit caps on energy companies as Iran war drives price surge

 
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A worker fills fuel into a motorbike after the government increased fuel prices amid surging global oil prices due to the Iran war, in Peshawar, Pakistan, Friday, April 3, 2026. (AP Photo/Muhammad Sajjad)

Pakistanis face unprecedented fuel price rise of up to 54% as global oil price spikes

 
President Donald Trump speaks about the Iran war from the Cross Hall of the White House on Wednesday, April 1, 2026, in Washington. (AP Photo/Alex Brandon, Pool)

FACT FOCUS: False claims Trump made as he addressed the nation about Iran

 
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South Africa hit by record diesel price hikes despite fuel levy cut, as impact felt of Iran war

South African motorists on Tuesday headed to gas stations in large numbers in anticipation of record fuel hikes that will come into effect at midnight, as the world continues to feel impacts of the Iran war that has affected global oil and fuel prices. (AP Video shot by Kayleen Morgan)
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Cuba introduces new banknotes honoring women to ease inflation as crises persist

US retail sales rose more than expected in February

Fed Chair Powell talks about supply shocks from Iran war in appearance at Harvard

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People queue to buy fuel at a petrol station, in Johannesburg, South Africa, Tuesday, March 31, 2026. (AP Photo/Themba Hadebe)

South Africa hit by record diesel price hikes despite fuel levy cut

 
People work on the floor at the New York Stock Exchange in New York, Monday, March 30, 2026. (AP Photo/Seth Wenig)

The war in Iran has shaken up financial markets. See the impact of the conflict, in five charts

 
An ice cream street vendor shows his Cuban pesos in Havana, Cuba, April 20, 2024. (AP Photo/Ariel Ley, File)

Cuba to introduce two new banknotes honoring women to ease inflation as crises persist

 
Ray Ruda fills his van with fuel at a gas station Wednesday, March 25, 2026, in Brentwood, Tenn. (AP Photo/George Walker IV)

US consumer confidence inches up despite soaring gas prices brought on by war in Iran

 
Fuel prices are listed at a gas station in Frankfurt, Germany, Monday, March 30, 2026. (AP Photo/Michael Probst)

Inflation increases to 2.5% in Europe as Iran war boosts energy prices

 
Federal Reserve Chair Jerome Powell addresses students at Harvard University, Monday, March 30, 2026, in Cambridge, Mass. (AP Photo/Charles Krupa)

Fed is watching energy price spikes, but Chair Powell says bank is limited in what it can do

 
A House For Sale sign is displayed in front of a home in Evanston, Ill.,Wednesday, March 25, 2026. (AP Photo/Nam Y. Huh)

Average US long-term mortgage rate leaps to 6.38%, the highest level in more than 6 months

 
The sun has set behind the buildings of the banking district in Frankfurt, Germany, late Tuesday, March 24, 2026. (AP Photo/Michael Probst)

Top central banker thinks businesses may be quicker to raise prices due to Iran war

 
Dave Thomas purchases gasoline at a station Tuesday, March 24, 2026, in Chicago. (AP Photo/Erin Hooley)

Chances of a Federal Reserve rate cut fade as inflation worsens

 
A "for sale" sign is posted outside a home in Nashville, Tenn., on Tuesday, Feb. 10, 2026. (AP Photo/George Walker IV)

Average US long-term mortgage rate rises to 6.22%, highest level in more than 3 months

 
The European Central Bank is pictured in Frankfurt, Germany, Wednesday, March 18, 2026. (AP Photo/Michael Probst)

European Central Bank holds rates unchanged as energy shock from Iran war causes massive uncertainty

 
FILE -A man walks in front of the Bank of England, at the financial district in London, Feb. 5, 2026 (AP Photo/Kin Cheung, File)

Bank of England holds interest rates and hints of increases as Iran war jolts inflation outlook

 
Fuel prices are displayed on a sign at a gas station as a fuel truck drives by, March 17, 2026, in Baltimore. (AP Photo/Stephanie Scarbrough, File)

US wholesale prices rose by a surprisingly hot 3.4% last month, the most in a year

 
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Christopher Lagana works on the floor at the New York Stock Exchange in New York, Wednesday, March 18, 2026. (AP Photo/Seth Wenig)

US stocks slump on worries about higher oil prices, inflation and interest rates

 
Federal Reserve Chair Jerome Powell speaks during a news conference Wednesday, March 18, 2026, in Washington. (AP Photo/Manuel Balce Ceneta)

Fed keeps key rate unchanged as Powell vows to stay until DOJ investigation is finished

 
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FILE -Federal Reserve Chair Jerome Powell speaks during a news conference, Wednesday, Jan. 28, 2026, at the Federal Reserve Board Building in Washington. (AP Photo/Jacquelyn Martin, File)

How many rate cuts? Iran war upends Federal Reserve’s next steps

 
Meatpacking workers strike at Colorado's JBS-owned Swift Beef company Monday, March 16, 2026, in Greeley, Colo. (AP Photo/Brittany Peterson)

3,800 workers are on strike at one of the largest meatpacking plants in the US

 
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A person fuels up a vehicle at a gas station, Tuesday, March 10, 2026, in New York. (AP Photo/Yuki Iwamura, File)

Cracks emerged in a resilient US economy before war in Iran sent oil prices rocketing

 
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A shopper checks out at a cash register in a grocery store in Schaumburg, Ill., Monday, Feb. 9, 2026. (AP Photo/Nam Y. Huh)

Key inflation gauge worsened in January, before Iran war lifted gas prices

 
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Ryan Falvey works on the floor at the New York Stock Exchange in New York, Tuesday, March 10, 2026. (AP Photo/Seth Wenig)

US stocks lose ground as war with Iran keeps pressure on oil prices

 
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Gas prices are displayed, Monday, March 9, 2026, in Los Angeles. (AP Photo/Damian Dovarganes)

Inflation held steady last month, but that was before the attack on Iran sent energy costs soaring

 
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A person walks on the beach next to homes damaged by the Palisades Fire, Jan. 16, 2025, in Malibu, Calif. (AP Photo/Jae C. Hong, File)

Some State Farm customers could see refunds while California homeowner rate hikes stay put

 
Motorists queue up as others wait behind a rope for their turn to get fuel at a pump, fearing a possible fuel shortage due to the Iran war, in Dhaka, Bangladesh, Sunday, March 8, 2026. (AP Photo/Mahmud Hossain Opu)

War with Iran delivers another shock to the global economy

 
Gas prices are seen on a Shell station marqee Monday, March 9, 2026, in Arlington, Texas. (AP Photo/Julio Cortez)

How the Iran war and surging oil prices are affecting consumers at the gas pump and beyond

 
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The New York Stock Exchange is seen in New York, Friday, March 6, 2026. (AP Photo/Seth Wenig)

Trump’s ‘roaring’ economy meets a rough start to 2026: What the latest numbers show

 
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Michael Gagliano works on the floor at the New York Stock Exchange in New York, Friday, March 6, 2026. (AP Photo/Seth Wenig)

Oil surges to its highest price since 2023, and stocks drop after a weak update on the US job market

 
Britain's Chancellor of the Exchequer Rachel Reeves leaves 11 Downing Street to deliver the Spring Statement in London, Tuesday, March 3, 2026.(AP Photo/Kin Cheung)

Iran war casts a pall over UK economic update as stocks tank and oil and gas prices surge

 
Israeli air defense system fires to intercept missiles during an Iranian attack over Tel Aviv, Israel, early Tuesday, March 3, 2026. (AP Photo/Ohad Zwigenberg)

Inflation concerns rise with US and Israeli attacks on Iran

 
Kevin Warsh speaks to the media about his report on transparency at the Bank of England, in London, Dec. 11, 2014. (AP Photo/Alastair Grant, Pool, File)

Trump expects his Fed pick and AI to deliver a replay of the ‘90s boom. Economists have doubts

 
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Vehicles move along the 2023 Chevrolet Bolt EV and EUV assembly line at the General Motors Orion Assembly June 15, 2023, in Lake Orion, Mich. (AP Photo/Carlos Osorio, File)

US wholesale prices arrive hotter than expected, up 0.5% from December and 2.9% from a year ago

 
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