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Inflation has jumped to its highest level in more than three years. Much of the increase is fueled by higher gasoline prices since the U.S. launched its war with Iran.
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The European Central Bank is set to raise rates, the first such move since September 2023, as energy disruptions caused by the Iran war drive higher prices.
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Oil prices jumped after the United States and Iran exchanged fire for a second day, heightening fears that the two countries could slide back into open conflict.
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CNBC Daily Open: Trump expresses 'love' for inflation print and anger at Iran CNBCTrump says 'I love the inflation' after consumer price index hits 3-year high CNBC'I love the inflation,' Trump says as prices rise amid Iran war ReutersOpinion | Inflation gets even worse The Washington Post
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As inflation outpaces workers' wages, the Trump administration insists that its agenda is working.
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Dow Jones Futures Rise, Oil Pops, Oracle Dives; SpaceX IPO On Launch Pad Investor's Business DailyStock futures fall after U.S. launches additional strikes against Iran, oil rises: Live updates CNBCNew Middle East Clashes and Inflation Fears Spark Dow's Worst Day of 2026 WSJStock market today: Dow, S&P 500, Nasdaq futures fall as US launches new strikes against Iran Yahoo Finance
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