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The latest news and analysis about the health of the US economy.
Oil prices held above $100 per barrel on Monday as the Strait of Hormuz remains essentially closed off to through traffic.
As Federal Reserve officials gather for their two-day policy meeting this week, the oil shock from the Iran war could deepen divisions with the central bank over the path forward on interest rates.
In an economy that's hardly sustaining any payroll growth outside of the healthcare sector, and amid persistent fears of AI-induced layoffs, those with jobs are clinging to them for dear life.
Higher gas prices for longer could reverberate across the US consumer economy.
Data out Friday showed pricing pressures increasing as the GDP picture worsened. Given this is pre-Iran data, stagflation concerns are rising.
A reading on the Federal Reserve's preferred inflation gauge released Friday for January, before the Iran war, showed inflation remained sticky, reinforcing the case for the central bank to hold interest rates steady for now.
Higher gas prices from the conflict in Iran weighed on Americans' views of the overall economy, according to a preliminary reading of consumer sentiment in March.
Job openings ticked up in January while layoffs declined, according to government data released Friday.
The Federal Reserve's top regulatory cop previewed changes Thursday to key capital requirements for banks that would reduce their cash cushions by a small amount while still keeping them above the levels set in 2019.
The "core" Consumer Price Index shows inflation is moving toward the Federal Reserve’s 2% goal. Still, Fed officials are likely to remain cautious amid uncertainty around oil price swings emanating from the Middle East.