By Lucia Mutikani WASHINGTON, April 14 (Reuters) - U.S. producer prices increased less than expected in March, but that did not change economists' expectations that the Federal Reserve would probably not cut interest rates in the near term amid rising energy costs because of the war with Iran.

The new CPI report showed headline inflation sped up in March to the highest rate since 2024. The Iran war is affecting gas prices.

Fast-rising oil prices sent US businesses’ costs higher in March, lifting wholesale inflation to 4%, the highest annual rate in three years, according to Bureau of Labor Statistics data released Tuesday.

While US inflation is on course to return to the Federal Reserve’s 2% target in the first half of 2027, policymakers have little room to cut interest rates this year, according to the International Monetary Fund.

US Treasury Secretary Scott Bessent said on Tuesday that he remains confident that core inflation in the United States will continue to ease despite the ongoing war involving Iran. Bessent also reiterated his call for the Federal Reserve to lower interest rates.

US headline inflation rose by 0.2 per cent month on month and 2.4 per cent year on year, slightly below expectations. Core inflation stood at 0.3 per cent month on month and 2.5 per cent year on year, confirming gradual disinflation. Rent growth slowed to ...

The Morning Bull - US Market Morning Update Friday, Apr, 10 2026 US stock futures are slightly softer this morning, with E-mini S&P 500 and Nasdaq-100 contracts dipping about 0.1%, as investors weigh hotter inflation signals against some relief on borrowing costs.

U.S. consumer prices likely recorded their biggest increase in nearly four years in March as the war with Iran boosted oil prices and the pass-

By Lucia Mutikani WASHINGTON, April 10 (Reuters) - U.S. consumer prices increased by the most in nearly four years in March as the war with Iran boosted oil prices and the pass-through from tariffs persisted,

Prefer Newsweek on Google to see more of our trusted coverage when you search. New Department of Labor data has revealed that prices rose at a steady pace last month, but analysts fear the new conflict in the Middle East could drive up inflation well into 2026

Consumer prices in the United States accelerated sharply in March as rising energy costs linked to the Iran conflict pushed inflation further away from the Federal Reserve’s target, even as underlying price pressures remained relatively contained.