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Investors were ditching U.S. government debt early Tuesday as higher energy prices from the Iran war pinch Americans' pocketbooks and push up the cost of living.
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US inflation jumps to 3.8% as energy costs surge from Iran war BBCCPI Report Live Updates: Inflation Accelerates After Weeks of War in Iran The New York Times'A miserable number': Iran war and AI spending drove inflation to a 3-year high FortuneConsumer prices rose 3.8% annually in April, the highest since May 2023 CNBCUS inflation rose to 3.8% in April, eroding Americans' paychecks CNN
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S&P 500 retreats from record after high inflation reading, drop in tech stocks: Live updates CNBCWall St falls as hot CPI, Iran tensions weigh on sentiment Yahoo FinanceStock Market Today: Dow, Nasdaq Sink on Soaring Inflation — Live Updates WSJTech Rally Falters as Oil Rises on Iran Stalemate: Markets Wrap Bloomberg.com
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Trump faces uphill climb on suspending gas tax AxiosOpinion | Republicans and Democrats find something to agree on The Washington PostOpinion | A gas tax holiday won't fix Trump's high gas prices MS NOWThe federal gas tax is on Trump's hit list. Data shows how much would be saved without it. NBC NewsHow Washington Could Suspend the Federal Gasoline Tax WSJ
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Oil is climbing to start the week as Morgan Stanley is warning that crude prices are being held at bay from much higher losses. But that could change.
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NPR's Steve Inskeep asks business news analyst Jill Schlesinger how high oil and gas prices from the Iran war affect consumer budgets.
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