Economy
21 articles
Inflation Is About to Break 4% for the First Time Since 2023, Putting the Fed Back in the Hot Seat
With the May CPI report due this week, economists expect headline inflation to top 4% for the first time since 2023 as an oil shock collides with sticky core prices.
Household Financial Anxiety Hits a Four-Year High as the Iran War Squeezes American Budgets
The New York Fed's June 2026 Survey of Consumer Expectations shows household financial worries at their highest level since July 2022, as the Iran war drives energy costs and budget stress higher.
May Jobs Report Stuns Wall Street: 172,000 New Jobs Put a Fed Rate Hike Back on the Table
The US economy added 172,000 jobs in May, double what economists expected, with unemployment holding at 4.3%. Bond yields jumped as traders began pricing the possibility of a Fed rate hike in 2026.
China's Tungsten Squeeze Sends Prices Soaring and Exposes a Western Defense Weak Point
Tungsten prices have surged more than 200% in 2026 as China throttles exports of a metal essential to missiles, jets, and armor-piercing rounds, exposing a Western defense supply gap that will outlast the Iran conflict.
Strait of Hormuz Oil Exports May Never Fully Recover to Pre-War Levels, Analysts Warn
Even as US-Iran ceasefire talks advance, analysts warn that oil tanker traffic through the Strait of Hormuz may never return to pre-war levels due to mine risks, infrastructure shifts, and lasting shipper anxiety.
UK Household Energy Bills Set for 'Deeply Unwelcome' 13% Hike as Iran War Oil Shock Bites
Ofgem announced a 13% rise in the UK energy price cap starting July 2026, driven by the Iran war's disruption of global energy markets, pushing gas bills up 24% for British households.
The Middle East War Is Putting Gulf AI Ambitions to the Test
The conflict between the US, Israel, and Iran is forcing data center developers and tech investors to rethink the Gulf's $100B+ AI infrastructure bet as attacks, energy risk, and uncertainty mount.
Kevin Warsh Sworn In as Fed Chair at the White House
Kevin Warsh takes the oath as the 17th chair of the Federal Reserve in a White House ceremony hosted by President Trump, the first Fed chair swearing-in...
G7 Finance Ministers Meet in Paris as Hormuz Closure Hits Economy
G7 finance ministers gather in Paris this week as Brent crude sits above $109, 30-year Treasury yields hit a one-year high
Why Central Banks May Trigger a Recession to Fight Iran's Oil Shock
The Fed and ECB face an impossible choice: raise rates to tame oil-driven inflation and risk a global recession, or hold steady and watch prices spiral.
The Growing Credit Gap in America's Economy
The financial divide between super prime and subprime borrowers has widened past pre-pandemic levels, revealing a two-speed economy where creditworthy...
What Causes Inflation? 6 Key Drivers Explained Simply (2026)
What causes inflation? Demand surges, supply shocks, money printing, wage spirals, global disruptions, and expectations.