March PCE: Inflation stayed high during the Iran conflict
Economic Outlook and Inflation Insights RBC Chief Economist Francis Donald shared insights on the economic landscape, including his predictions for U.S. GDP and inflation risks ahead. He noted the nuances of the labor market and consumer spending, which are leading to economic polarization. This article addresses the evolving situation regarding March 2026 PCE Inflation, and […]
Trump indicates he might reduce US military forces in Germany following tensions with Iran
President Trump on Wednesday hinted at potentially scaling back the U.S. military presence in Germany, reigniting tension with Chancellor Friedrich Merz over the ongoing conflict in Iran. This remark followed Merz’s criticism earlier in the week, suggesting that the U.S. had been “humiliated” by Iranian leadership and questioning the overall American strategy in the war. […]
Bank of England holds interest rate steady at 3.75% while considering the effects of the Iran war on the UK economy
Bank of England Holds Interest Rate Steady Amid Uncertain Times LONDON – The Bank of England decided to keep its main interest rate unchanged at 3.75% during its Thursday meeting. This decision comes as policymakers evaluate the effects of the ongoing economic turmoil, including the situation surrounding the Iran war and its implications for global […]
Oil prices surge to a wartime high as Trump considers new actions against Iran
Oil prices increased early Thursday, reaching their highest levels since the beginning of the U.S.-Iran conflict, but then decreased following reports suggesting President Trump might soon resume military actions against Iran. The cost of a barrel of Brent crude, a global benchmark, climbed to over $126 just after midnight ET. This spike occurred after President […]
USS Gerald Ford returns after a historic deployment related to the Iran conflict and the capture of Maduro.
The USS Gerald R. Ford, recognized as the largest aircraft carrier in the world, is set to head home after completing a remarkable deployment lasting 300 days. During this time, the vessel was involved in efforts against Iran and played a role in capturing Venezuelan leader Nicolas Maduro, according to two unnamed U.S. officials. Plans […]
U.S. Strengthens Sanctions as Iran Acknowledges Significant Leadership Losses
New Sanctions Imposed on Iran’s Financial Network The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) introduced additional sanctions on Tuesday, targeting 35 individuals and entities linked to Iran’s clandestine banking operations. These sanctions aim to disrupt the transfer of vast sums—amounting to tens of billions—of funds. According to OFAC, these financial networks play […]
Trump Promises to Keep Iran Blockade in Place Until Nuclear Conditions Are Fulfilled
Trump Stresses Continued Naval Blockade Against Iran President Trump stated on Wednesday that the United States will uphold its naval blockade against Iran until the country admits defeat, or, as he put it, cries “Uncle,” agreeing to terms that ensure it will never develop nuclear weapons. During a phone conversation with Axios earlier, Trump remarked […]
National average price of regular gas rises sharply amid ongoing Iran conflict
Rising Fuel Prices Impacting Small Businesses Spero Georgedakis, the CEO and founder of Good Greek Moving and Storage, recently appeared on “Mornings with Maria” to share insights on the current fuel crisis. Diesel prices are hitting record highs, which is significantly affecting truckers, moving companies, and small businesses alike. The national average price for regular […]
EUR/USD falls as robust US data and Iran deadlock boost Dollar demand
During trading in North America, the EUR/USD slipped about 0.17%. It seems the chances of resolving the US-Iran conflict are still bleak, despite recent data indicating that the US economy is holding strong. As of the latest updates, the currency pair is sitting at 1.1684, having peaked at 1.1720 earlier in the day. Yields Rise […]
Hegseth goes to Capitol Hill to support Trump’s stance on Iran before Congress.
Hegseth to Testify on Iran Conflict Secretary of the Army Pete Hegseth is set to appear before Capitol Hill for the first time since the conflict escalated, defending the Trump administration’s approach to Iran amidst increasing scrutiny from lawmakers. During a hearing with Gen. Dan Kaine, the chairman of the Joint Chiefs of Staff, scheduled […]