Economic News
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Tax refunds and AI boom have offset some US economic pain from Iran war and high gas prices, so far
Americans are paying for the war in Iran with every visit to the gas station, but some of the damage to the U.S. economy is being offset — for now anyway — by big tax refunds and an investment boom driven by artificial intelligence
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Inflation hits 3% in Europe as Iran war spreads oil price shock
Soaring oil prices from the Iran war pushed inflation higher to 3% in Europe in April
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Bank of England joins other central banks in freezing rate cuts as Iran war upends global economy
The Bank of England is keeping its main interest rate on hold at 3.75% as policymakers assess the economic impact of the Iran war and Tehran’s effective closure of the Strait of Hormuz, through which a fifth of the world’s crude passes
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Key inflation gauge jumps to highest level in 3 years as Iran war spikes gas prices
A key inflation measure jumped in March as gas prices soared, the latest sign that the Iran war is pushing up the cost of living and delaying any interest rate cuts by the Federal Reserve
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Weekly US jobless claims fall to 189,000, lowest in more than 5 decades
The number of Americans filing for unemployment benefits tumbled to their lowest level more than 50 years last week despite a number of economic headwinds including the war in Iran
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U.S. economy grew 2% from January-March, recovering from federal shutdown; Iran war clouds outlook
The U.S. economy accelerated at the start of 2026, expanding at a modest 2% pace from January through March after recovering from last fall’s 43-day federal government shutdown
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Key inflation measure jumps to highest level in nearly three years as Iran war spikes gas prices
Key inflation measure jumps to highest level in nearly three years as Iran war spikes gas prices
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Who was invited to dinner with King Charles: Justices, business leaders and Palm Beach friends
President Donald Trump and first lady Melania Trump hosted a white-tie dinner at the White House with King Charles III and Queen Camilla
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Iran's rial currency hits record low as a shaky ceasefire with the US and Israel holds
Iran’s national rial currency has hit a record low of 1.8 to the dollar as a shaky ceasefire with the U.S. and Israel holds
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Kevin Warsh is one step closer to top job at the Fed after Trump's pick approved by Senate committee
The Senate Banking Committee voted on party lines to approve Kevin Warsh as the next chair of the Federal Reserve, to replace Jerome Powell, a longtime target of President Donald Trump’s insults for not cutting borrowing costs as far as the president wanted
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