March inflation report to offer first glimpse of Iran war's economic impact
The United States is about to get an initial glimpse into how the economy has begun absorbing the war with Iran
The United States is about to get an initial glimpse into how the economy has begun absorbing the war with Iran
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The United States is about to get an initial glimpse into how the economy has begun absorbing the war with Iran
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The Middle East conflict triggered one of the largest oil shocks in decades, and was reflected in Friday's inflation report.
CBS News business analyst Jill Schlesinger breaks down when Americans could see relief at the gas pump and how the temporary Iran ceasefire could impact consumer spending and the U.S. economy.
The Iran war has pushed up gasoline, airline fares and other prices for consumers.
The university's headline index of consumer sentiment tumbled to 47.6, down 10.7% from March to its lowest on record. Grouped from 3 articles across 3 sources.
The consumer price index was expected to show a 3.3% year-over-year gain in March, according to the Dow Jones consensus.
The gauge released Thursday offers the Federal Reserve a snapshot of conditions leading into the Iran war.