Jerome Powell: Oil price rally will lead to a rise in inflation in the short term
The impact of developments in the Middle East on the US economy is uncertain, the head of the Federal Reserve said in a statement
Fed: interest rates unchanged amid war and energy crisis
Interest rates were maintained in the 3.5% to 3.75% range as the oil rally boosts inflationary pressures and pushes back expectations for the first cut of the year since the autumn
Energy anxiety in Europe, 50% chance of recession in the US: The economic victims of the war in Iran
Oil in Europe flirts with $110 per barrel, natural gas up 94% since the start of the year – The most expensive gasoline in the US since summer 2022, when the war in Ukraine was raging – What Politico writes about Asian countries pushing demand and driving prices higher