Iran, Inflation
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The flash US PMI survey data from S&P Global indicated a muted rebound in business activity in April, after growth had almost stalled in March on the outbreak of war in the Middle East.
Inflation is shaking the broader economy, but commercial real estate has yet to feel the tremors. Energy price shock tied to the Iran war rippled through the economy in March, driving inflation to 3.3 percent annually,
Williams noted that the conflict has "intensified the uncertainty" around national and local conditions.
Grocery inflation came in at a calmer annual rate in March than during the prior month, but prices for meat, produce and coffee continued to accelerate.
The IMF cut its 2026 global growth forecast to 3.1% and lifted inflation to 4.4% as the Middle East war disrupts markets.
A typical paycheck in New Hampshire doesn’t stretch quite as far as it used to, as inflation has now outstripped wage growth for two years in a row, according to a new report from the New Hampshire Fiscal Policy Institute.
RBI MPC minutes flag risks to growth and inflation as West Asia conflict threatens India’s ‘Goldilocks’ phase, with policymakers opting to hold rates and wait.
Scotland's economy is expected to grow more slowly as a result of ongoing geopolitical tensions, according to a key forecaster.