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People shop for groceries at a store in New York City, U.S., July 15, 2025. REUTERS/Jeenah Moon
May 28, 2026

US inflation firming as Iran war drives up prices

U.S. inflation surged at its fastest pace in three years in April, driven by higher energy prices amid the Iran war, affecting consumer spending and economic growth.

Renovations continue at the Federal Reserve Board building in Washington, D.C., U.S., November 14, 2025. REUTERS/Elizabeth Frantz/File Photo
May 8, 2026

Strong US jobs data complicates any Warsh push for lower rates

Strong U.S. jobs data in April challenges Federal Reserve nominee Kevin Warsh's hopes for rate cuts amid inflation and geopolitical risks.

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