Economy

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UK Inflation Hits 3.3% Amid Iran War Fuel Price Surge

UK consumer price inflation rose to an annual rate of 3.3% in March, up from 3.0% in February, according to official figures published by the Office for National Statistics (ONS). This increase marks the first significant impact on prices from the ongoing war in the Middle East. The rise was driven

Apr 22, 3:07 AM ET Est. Read: 2 Mins

16 articles from 6 publishers

EconomyMarkets

China's Q1 Growth Hits 5% Despite Iran War Fallout

China's economy expanded by 5% year-on-year in the first quarter of 2024, official data showed on Thursday, beating market expectations and marking an improvement from the three-year low growth rate of 4.5% in the fourth quarter. The National Bureau of Statistics (NBS) reported that industrial outpu

Apr 17, 7:34 PM ET Est. Read: 2 Mins

13 articles from 3 publishers

EconomyEnergy

ECB Prepared for Inflation Shock; EU Faces Jet Fuel Crisis

The European Central Bank (ECB) is well-positioned to manage the current inflation shock, according to board member Isabel Schnabel. The ECB successfully tamed the last inflation shock with minimal impact on growth, and sovereign spreads have narrowed in Europe over the past decade. However, policym

Apr 16, 10:35 AM ET Est. Read: 3 Mins

13 articles from 3 publishers

More Economy Summaries

Inflation

March Inflation Spike Hits Four-Year High

The largest monthly jump in gas prices in six decades caused a sharp spike in U.S. inflation in March, creating major challenges for the Federal Reserve and political difficulties for the White House. According to data from the Labor Department reported by PBS , consumer prices rose 3.3% year-over-y

Apr 10, 12:05 PM ET·2 min read

3 articles from 3 publishers

Markets

Pound Gains on US-Iran Ceasefire Hopes

The British pound has seen modest gains following the announcement of a two-week ceasefire between the United States and Iran, though traders remain cautious about its sustainability. The currency was last up 0.1% against the dollar at $1.3407. According to Reuters, Israel's continued strikes on Leb

Apr 9, 9:30 AM ET·2 min read

6 articles from 3 publishers

Policy

RBI Holds Rates Amid Middle East Crisis

The Reserve Bank of India (RBI) maintained its key policy rate at 5.25% on Wednesday, citing concerns over lower growth and higher inflation due to the ongoing Middle East crisis. The central bank warned that disruptions in oil supplies could impact economic momentum, reversing a previously stable '

Apr 8, 2:42 AM ET·5 min read

17 articles from 3 publishers

Jobs

US Employers Add 178K Jobs in March

U.S. employers added 178,000 jobs in March, rebounding from a revised loss of 92,000 jobs in February according to the Labor Department's report. The unemployment rate dipped slightly to 4.3% as the labor force shrank by 396,000 , reducing competition for available positions. The March gains exceede

Apr 3, 9:36 AM ET·3 min read

13 articles from 8 publishers

FinancialStability

ECB Warns of Financial Risks From Iran War

The ongoing U.S.-Israeli war on Iran has raised significant concerns about financial stability and economic risks, according to multiple reports. European Central Bank (ECB) Governing Council member Fabio Panetta warned that tensions in energy markets could lead to pressure on government bonds, espe

Apr 2, 10:01 AM ET·2 min read

13 articles from 6 publishers

Inflation

UK Food Inflation May Hit 9% by Year's End

The UK's food inflation rate could surge to at least 9% by the end of this year, according to forecasts from the Food and Drink Federation (FDF). This sharp increase is attributed primarily to the ongoing Iran war, which has disrupted global energy markets and supply chains. The FDF had previously p

Apr 1, 6:55 AM ET·2 min read

3 articles from 3 publishers

Global

OECD Cuts UK Growth Forecast to 0.7% Amid Iran War

The Organisation for Economic Co-operation and Development (OECD) has cut its forecast for UK economic growth in 2026 to just 0.7% , down from a previous estimate of 1.2% . The downgrade is attributed to the ongoing US-Israel war with Iran, which has caused significant energy shortages and soaring o

Mar 27, 8:21 PM ET·4 min read

40 articles from 10 publishers

Policy

RBA Warns of Inflation Risks Amid Middle East Conflict

The Reserve Bank of Australia (RBA) has warned that prolonged conflict in the Middle East could necessitate further interest rate hikes to control inflation and prevent long-term economic damage. In a speech on Thursday, RBA Assistant Governor Christopher Kent emphasized that while central banks can

Mar 25, 7:37 PM ET·1 min read

3 articles from 3 publishers

Markets

UK Inflation Holds Steady at 3% in February

The UK inflation rate remained steady at 3% in February, according to the latest figures from the Office for National Statistics (ONS). The data was collected before the onset of the US-Israel war with Iran, which is expected to drive up inflation rates further. Clothing prices were identified as th

Mar 25, 3:36 AM ET·2 min read

3 articles from 3 publishers

Markets

Fed Holds Rates Amid Iran War Inflation Fears

The Federal Reserve held interest rates steady at a range of 3.5%-3.75% , as reported by multiple sources, citing uncertainty about the economic impact of the Iran war and its effect on inflation. According to Sky News and CNBC, global energy prices have surged due to retaliatory attacks between Isr

Mar 19, 8:59 AM ET·3 min read

13 articles from 9 publishers

Labor

UK Wage Growth Slows to Five-Year Low

UK wage growth slowed to its weakest pace in over five years, rising by just 3.8% in the three months ending January, according to official data from the Office for National Statistics (ONS). This marks a significant drop from the previous quarter's 4.2% and falls short of economists' expectations.

Mar 19, 7:20 AM ET·4 min read

7 articles from 4 publishers

Growth

China's Economy Shows Early Growth in 2026

China's economy began the year on firmer footing, with retail sales, industrial production, and fixed asset investment all showing positive growth in January and February 2026. According to data from the National Bureau of Statistics (NBS), retail sales grew by 2.8% compared to the same period last

Mar 17, 12:11 AM ET·2 min read

5 articles from 3 publishers

Growth

Poland Enters Top 20 Economies

Poland has become the world's 20th largest economy with over $1 trillion in annual output, surpassing Switzerland. This transformation marks a historic leap from the post-Communist ruins of 1989-90 to becoming a European growth champion. The country's economic success is reflected in individuals lik

Mar 16, 4:11 PM ET·2 min read

3 articles from 3 publishers

Energy

California Gas Prices Surge

Gas prices in California have reached an average of $5.483 per gallon, marking a significant increase from previous weeks. According to the American Automobile Association (AAA), this surge is nearly 40 cents higher than a week ago and more than 90 cents higher than a month prior. The Bay Area is pa

Mar 15, 2:23 PM ET·2 min read

3 articles

Markets

India's Forex Reserves Drop Amid Rupee Defense

India's foreign exchange reserves experienced their most significant decline in over a year, falling to $716.81 billion in the week ending March 6 from $728.49 billion the previous week, according to Reserve Bank of India data. The drop came amid heavy dollar sales by the central bank to support the

Mar 15, 2:23 PM ET·2 min read

4 articles

Energy

UK Considers Support for Heating Oil Users Amid Rising Costs

UK Chancellor Rachel Reeves is considering a package of support for households struggling with higher heating oil costs following global impacts from the US-Israel war in Iran. In an interview with The Times , Reeves stated she has found the money to help and that the Treasury is looking at differen

Mar 14, 1:47 AM ET·3 min read

8 articles from 5 publishers

Markets

Inflation Gauge Rises Before Iran War Impact

An inflation gauge closely monitored by the Federal Reserve rose 2.8% in January compared with a year earlier, slightly below December’s increase but still elevated before the Iran war caused spikes in oil and gas costs. The Commerce Department reported that prices for goods excluding volatile food

Mar 13, 3:30 PM ET·2 min read

3 articles from 3 publishers

Growth

U.S. Economy Grows at Sluggish 0.7% in Q4

The U.S. economy grew at an unexpectedly sluggish 0.7% annual rate from October through December, significantly lower than initial estimates due to the impact of last fall’s 43-day government shutdown , according to a report by the Commerce Department. Growth in gross domestic product (GDP) — the na

Mar 13, 12:22 PM ET·3 min read

13 articles from 9 publishers

Policy

UK Economy Flatlines in January Amid Energy Shock

The UK economy unexpectedly flatlined in January, according to data from the Office for National Statistics (ONS). This zero growth was weaker than predicted and followed a modest growth of 0.1% in December. The stagnation has raised concerns about the economy's ability to withstand external shocks,

Mar 13, 5:50 AM ET·2 min read

6 articles from 4 publishers

Labor

Unemployment Claims Decline as Layoffs Remain Stable

Applications for unemployment benefits in the U.S. decreased modestly last week, signaling stable layoffs despite a weakening job market. The Labor Department reported that new claims fell by 1,000 to 213,000 for the week ending March 7, aligning closely with analysts' forecasts of 215,000 as survey

Mar 12, 4:31 PM ET·2 min read

3 articles from 3 publishers

Markets

HELOC Rates Drop as Fed Faces Rate Cut Dilemma Amid Iran War

Home equity line of credit (HELOC) rates have dropped significantly over the past 18 months, making them an affordable borrowing option. With the average interest rate falling to just 7.18% , a $60,000 HELOC now costs between $546 and $702 monthly, depending on the repayment period. The drop in rate

Mar 12, 4:31 PM ET·3 min read

43 articles from 10 publishers

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Economy

UK Inflation Hits 3.3% Amid Iran War Fuel Price Surge

China's Q1 Growth Hits 5% Despite Iran War Fallout