the war on Iran is driving up gas and oil prices
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Inflation held steady last month
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Follow along with Investopedia's live coverage of Friday's inflation report from the Bureau of Labor Statistics.
In February, inflation rose by 0.3% month over month and 2.4% year over year. NBC News' Brian Cheung reports on the latest economic data, which comes from before the war in Iran began.
Inflation breakevens managed to flatline at around 3% through Tuesday (using the 2yr tenor), but through Wednesday, they ratcheted right back up to over 3.1%. And this has come through higher nominal yields (as real yields have been broadly steady). The 10yr yield is now up to over 4.2%, and continues to look up.
The consumer price index was rose 2.4% in February 2026, above policymakers' target, economists said. War in Iran complicates the picture.
President Donald Trump inflated his administration’s success in reducing inflation at his Feb. 24 State of the Union address, falsely claiming he inherited "record levels" from
Inflation remains stubborn in the latest CPI report, and your savings need to keep pace. Here’s the magic number to beat—and easy ways to do it.
As both energy prices and inflation fears pop higher, expectations for cuts are sliding lower.
By Indradip Ghosh BENGALURU, March 12 (Reuters) - The U.S. Federal Reserve will cut interest rates for the first time this year in June, according to economists polled by Reuters who are clinging to their views despite the risk that disruption of energy markets resulting from the U.