by Richard Garrett | Jun 3, 2026 | Economy
High gas prices driven by the Iran war pushed the Federal Reserve’s preferred inflation gauge higher again in April while exposing a growing fragility in household finances: Americans are saving at their lowest rate in nearly four years as rising costs outpace...
by Richard Garrett | Jun 3, 2026 | Economy
The Federal Reserve’s preferred measure of inflation climbed to its highest level in three years in April, intensifying concern at the central bank and on Wall Street about price pressures that are broadening beyond energy and showing no clear signs of peaking....
by Richard Garrett | May 28, 2026 | Economy
Three months into the Iran war, the U.S. economy looks troubled on the surface but has proven more durable than many feared. The conflict has pushed energy prices to four-year highs, reignited inflation, and driven consumer confidence to record lows. Yet the broadest...
by Richard Garrett | May 28, 2026 | Economy
Wall Street’s three major indexes finished Thursday’s choppy session in positive territory as oil prices retreated and diplomatic signals from Washington suggested some forward movement in U.S.-Iran peace negotiations, though significant gaps between the...
by Richard Garrett | May 28, 2026 | Economy
A deepening bond market sell-off is pushing U.S. borrowing costs to levels not seen in nearly two decades, as persistent inflation driven by the Iran war and concerns about government finances combine to drive investors out of long-term Treasury bonds. The 30-year...
