Every 1-cent increase in gasoline prices reduces consumer spending by $1.5 billion annually, one economist says.

ECB holds rates, warning Middle East tensions and oil risks could push inflation higher. Baseline sees 2.6% in 2026, but energy shocks could lift it to 3.5% or 4.4%, depending on how long supply ...

Federal Reserve Chair Jerome Powell says it's "too soon" to assess Iran conflict's economic impact as oil prices surge above ...

Traders expect the Fed to keep interest rates on hold as it confronts the Iran war threat of new inflation driven by higher gas prices.

The supply interruptions and attacks on energy infrastructure, especially oil and gas, have reduced output and exports ...

Federal Reserve officials expect the Iran war will worsen inflation this year while having little impact on growth, but they ...

Traders now expect Europe’s central bankers to raise rates this year to address a sharp increase in inflation because of higher energy prices.

The Federal Reserve on Wednesday kept interest rates unchanged, as expected, but noted the “uncertain” impact to the US economy from the US-Israeli war with Iran.

Oil prices jumped Tuesday for the second straight day and gas prices moved higher in the United States, underscoring the ...

The Federal Reserve voted to keep its key interest rate flat, as rising inflation prevented it from cutting rates and the ...

The United States announced new, higher tariff rates this year. Tariffs can affect supply chains, investment, and firms’ input costs, resulting in supply-side effects such as higher inflation and ...