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The war in the Middle East risks worsening an inflation problem that the Federal Reserve has struggled for years to subdue. By Colby Smith and Ben Casselman Colby Smith covers the Federal Reserve. Ben ...

The impact of the Iran war on global oil prices could push the rate of inflation facing U.S. consumers higher, which would leave Federal Reserve policymakers in a difficult spot as they weigh possible ...

The OECD on Thursday issued a somber warning about the economic impact of the Iran war if it drags on, saying inflation could reach a painful 4.2% in the US this year. “The breadth and duration of the ...

Good afternoon and welcome to our live coverage ahead of the latest UK inflation data being published by the Office for National Statistics (ONS) tomorrow (25 March). The latest Consumer Price Index ...

In its periodic update of economic conditions, the Organization for Economic Cooperation and Development forecast all-items inflation in the U.S. to be at 4.2% for 2026. The forecast is a sharp step ...

Global inflation is now projected to reaccelerate to around 4% in 2026, reversing earlier expectations of steady decline. The OECD warns energy shocks from the Middle East conflict are the primary ...

The U.K. inflation rate stood firm at 3% in February, unchanged from the previous month. The figures from the Office for National Statistics marked the last reading before the start of the Iran war.

Federal Reserve Vice Chair Philip Jefferson in 2024. Three members of the Federal Reserve's rate-setting committee said Thursday that inflation risks are rising due to the ongoing war in Iran.

The global economy would suffer a large setback to growth if energy prices rise further and stay high for a lengthy period in response to the conflict in the Middle East, while inflation in the U.S.