The key measure of US inflation rises its highest level since May 2023 as consumers feel the impact of the Iran war.

U.S. consumer prices climbed a sharply again last month as the 10-week war with Iran pushed energy prices higher.

Even though inflation is hot, the mechanism is demand destruction: higher gasoline/food costs squeeze consumers, slowing growth. That combination typically eventually drives a “growth scare” bid for long Treasuries,

Morgan Stanley's top US economist said a "trifecta" of inflationary pressures could cause price increases to peak in May or June.

April US CPI data is forecast to show inflation jumping to 3.7%, the highest since September 2023, as Oil prices surge.

By Sinéad Carew and Elizabeth Howcroft NEW YORK/PARIS, May 13 (Reuters) - MSCI's global equities gauge advanced with the dollar on Wednesday as investors assessed hotter-than- expected inflation data while they waited for a summit between U.

US inflation unexpectedly cooled in November, according to a delayed report, although economists warned against reading too much into the numbers because of gaps in the data. The Consumer Price Index rose 2.7% in November over the past 12 months, down from ...

S&P 500 and Nasdaq futures edged higher as investors awaited key U.S. producer price data and tracked Donald Trump’s China visit. Oil prices eased after a recent rally, while Iran talks remained stalled.