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Rising Fuel Prices Force Policymakers to Weigh Excruciating Choices The New York TimesFed's preferred inflation gauge just hit the highest level in nearly three years CNNKey inflation gauge jumps to highest level in 3 years as Iran war spikes gas prices AP NewsTurmoil in the Middle East: Assessing the Longer-Term Implications Citigroup
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The longer the disruption to Middle East fuel supplies lasts, the risk grows that higher energy costs will feed into broader inflation that could dent economic growth.
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Gross domestic product expanded at a 2 percent annual rate in the first three months of the year, a period that included the first weeks of conflict in the Middle East.
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Trump, Iran are locked in high-stakes standoff as oil prices hit 4-year high The Washington PostOil Prices Hit a New Wartime High as Iran Standoff Shows No End in Sight The New York TimesLive Updates: Iran war pushes oil prices to 4-year high as Hegseth set to face fresh round of questioning CBS NewsLive updates: US gas jumps to highest price in 6 weeks, as Trump mulls extended blockade of Iranian ports CNN
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Hegseth spars with lawmakers as Iran war's price tag hits $25 billion The Washington PostTakeaways From Hegseth's Testimony on Iran War and His Tenure The New York TimesHegseth faces further grilling over Iran war strategy and costs - US politics live The GuardianSix takeaways from Hegseth's first hearing since Iran war started The Hill
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A key measure of inflation used by the Federal Reserve to set interest rates posted the biggest increase in March in almost three years, marking another major hurdle for a resilient but harried U.S. economy.
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Central banks await further evidence of persistent inflation stemming from Middle East war
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Meta earnings updates: Revenue beats estimate but stock drops as company expects capex spending increase Business InsiderMeta stock drops on quarterly results as 'internet disruptions' in Iran drag down user numbers CNBC2 key risks Meta warned investors about in its Q1 earnings report Yahoo FinanceMeta Shares Plunge on Escalating Concerns Over AI Spending Spree Bloomberg.com
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Powell Says He Will Stay On as Fed Governor After Term as Chair Ends The New York TimesFed holds rates steady but with highest level of dissent since 1992 CNBCPowell says he'll remain on U.S. Federal Reserve board, denying Trump a chance to name his own appointee CBCFed officials poised to dissent on rates with Warsh on verge of getting chair PoliticoPowell to remain as Fed governor, denying Trump a key vacancy
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CEO Russell Weiner expects other fast-food chains to report similar headwinds from bad weather and weak consumer sentiment tied to Iran war.
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Jerome H. Powell on Wednesday announced he would stay on as a governor at the central bank as internal divisions sharpen about the policy path forward.
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Brent crude hits 4-year high, soaring past $126, as U.S. military to reportedly brief Trump on action against Iran CNBCUS-Iran Standoff Shows No Sign of Easing as Trump Backs Blockade Bloomberg.comLive updates: Putin warns Trump of ‘dire consequences' in Iran NewsNationExclusive: Trump rejects Iran's offer, says blockade stays until nuclear d
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The struggles of the nascent private-capital market, weighed down by lending to software companies whose businesses are under attack from artificial intelligence, has captured the eye of the market and the news media.
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