Consumer sentiment hits record low, inflation fears rise amid Iran war
The university's headline index of consumer sentiment tumbled to 47.6, down 10.7% from March to its lowest on record.
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The university's headline index of consumer sentiment tumbled to 47.6, down 10.7% from March to its lowest on record.
The university's headline index of consumer sentiment tumbled to 47.6, down 10.7% from March to its lowest on record.
The consumer price index was expected to show a 3.3% year-over-year gain in March, according to the Dow Jones consensus.
The gauge released Thursday offers the Federal Reserve a snapshot of conditions leading into the Iran war.
The gauge released Thursday offers the Federal Reserve a snapshot of conditions leading into the Iran war.
The gauge released Thursday offers the Federal Reserve a snapshot of conditions leading into the Iran war.
The Hormuz disruption is hammering Asian economies with surging energy costs and weakening currencies, but a repeat of the crisis three decades ago is unlikely.
The Hormuz disruption is hammering Asian economies with surging energy costs and weakening currencies, but a repeat of the crisis three decades ago is unlikely.
Odds for a reduction jumped Wednesday morning, hitting about 43%, according to the CME Group.
Odds for a reduction jumped Wednesday morning, hitting about 43%, according to the CME Group.
Odds for a reduction jumped Wednesday morning, hitting about 43%, according to the CME Group.
The fragile ceasefire agreement is likely to face significant challenges, analysts told CNBC, citing a significant trust deficit on both sides.
The US president said Irans bridges and power plants would be destroyed unless it opened the Strait of Hormuz.
The U.S. economy is projected to show job gains of 59,000 in March, with the unemployment rate holding at 4.4%.
The U.S. economy is projected to show job gains of 59,000 in March, with the unemployment rate holding at 4.4%.
The U.S. economy is projected to show job gains of 59,000 in March, with the unemployment rate holding at 4.4%.
US tariffs stand at the highest rate in decades. But what has the impact been?
The US president called on nations that need Gulf oil to take the lead to keep the Strait of Hormuz open.
Private sector employment growth kept pace, but health care and construction continued to provide nearly all the momentum.
Private sector employment growth kept pace, but health care and construction continued to provide nearly all the momentum.