Investors were cautious Wednesday ahead of a Federal Reserve rate decision and the start of US-Iran peace talks, with oil prices climbing and stocks holding steady.Oil tumbled in recent days as optimism grew there would be a lasting Middle East peace agreement,

Inflation, as measured by the Consumer Price Index, is expected to run above 4% for the first time in three years because of the Iran war’s oil price shock.

For the rest of 2026, models from forecasting companies like Trading Economics anticipate an inflation rate of about 3.5% through the middle of the year. After that, it may decline to around 3%.

The Consumer Price Index rose last month at a 4.2% annual rate amid a spike in U.S. energy prices.

By Lucia Mutikani WASHINGTON, June 10 (Reuters) - U.S. consumer inflation increased at its fastest pace in three years in May, boosted by surging prices for energy products amid the Middle East conflict,

The president has declared that he loves inflation. What economic fallacies is he likely adopting that leads to this conclusion?

Consumers are increasingly feeling the strain of the US Israel war in Iran.

Kevin Warsh’s dream of becoming Federal Reserve chairman was nearly tarnished by the specter of having to confront simultaneous and conflicting challenges brewing in the US economy.

Inflation is still above the Fed’s 2 per cent target due to higher energy prices caused by global conflicts and supply shocks.