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US consumer sentiment slid to a three-month low in March and year-ahead inflation expectations jumped as the war in the Middle East drives up gasoline prices.
2don MSN
Here’s the big risk facing markets — besides inflation — as the Iran conflict drags on
The chances of accelerating U.S. inflation are growing with each passing day as the war in the Middle East continues, with the average price of gasoline nationwide spiking to almost $4 a gallon as of Thursday.
Consumer sentiment slid to a three-month low in March and year-ahead inflation expectations jumped as the war in the Middle East drives up gasoline prices.
On Saturday, Gerber Kawasaki Wealth & Investment Management CEO Ross Gerber, said market selling pressure is starting to build, arguing it has become difficult to stay optimistic while inflation remains stubborn.
Historic energy supply chain disruption may be the ultimate monkey wrench for the central bank and Wall Street.
Officials expect the recent increase in energy prices stemming from the Iran war to lead to higher inflation in the coming months, Senior Deputy Gov. Carolyn Rogers said.
Here's the number that can turn inflation from a constant worry into background noise -- and why it matters more than you might think.
By Lucia Mutikani WASHINGTON, March 27 (Reuters) - U.S. consumer sentiment fell more than expected in March, touching a three-month low, as war in the Middle East stoked inflation worries and cast a shadow over the economic outlook.