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US inflation firming as Iran war drives up prices ReutersPrices in the U.S. Are Rising at the Fastest Pace in Years The New York TimesThe first inflation report under new Fed chief Kevin Warsh shows prices at highest in nearly 3 years CBS NewsIran War Keeps Fed's Inflation Gauge Above Inflation Target WSJKey inflation gauge worsens as Americans' income and spending power erodes AP News
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Officials at the central bank have embraced the possibility of higher interest rates to get resurgent price pressures under control.
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The average rate on a 30-year mortgage rose amid growing concerns over inflation and as the war with Iran showed no sign of ending.
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