US Stock Market: US inflation jumps as war-driven fuel costs complicate Fed outlook
- Posted on May 1, 2026
- By Business News Today
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- 1 min read
US Stock Market: US inflation jumps as war-driven fuel costs complicate Fed outlook
U.S. inflation surged in March, driven by rising gasoline prices amid the Iran conflict, with the PCE index recording its sharpest monthly gain in nearly two years. Elevated inflation and steady core pressures have reinforced expectations of prolonged higher interest rates, while real consumer spending growth showed signs of slowing.
