Inflation, theIran war
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Global inflation expected to rise
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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.
Traders in the futures market shifted the probability of a rate increase by the end of 2026 to 52% on Friday morning.
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.
Federal Reserve Vice Chair Philip Jefferson said Thursday evening that he expects the war in Iran will push up inflation in the near term and that interest rates are "well-positioned" to respond to a range of economic outcomes.
The ECB kept interest rates on hold at its last monetary policy meeting last week.
FRANKFURT, March 27 (Reuters) - Euro zone consumers were reducing their inflation expectations in the run-up to the U.S.-Israeli war on Iran, before a surge in energy prices fundamentally changed the outlook,
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The conflict with Iran complicates the demand, labor, and inflation outlook, according to the U.S. Federal Open Market Committee's alternate voting member, Thomas Barkin. The president of the Federal Reserve Bank of Richmond was giving his perspective on the U.