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Powell said the Fed would wait and see how the war affects inflation

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It shows a certain level of inflation expectations

Powell said high energy prices have not created a tough choice for the Fed With inflation running above target, the Fed is watching inflation expectations Powell sees less risk in the labor market Financial markets have written off bets on a Fed rate hike this year CAMBRIDGE, Massachusetts, March 30 (Reuters) – Federal Reserve Chairman … Read more

Why high oil prices could send the world into a summer slump

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President Donald Trump speaks to the media during a critical phase of the Iran conflict, stressing military policy decisions

Monday, March 30, 2026 10:14 am The world economy may face recession. (AP Photo/Mark Schifelbein) The world economy is headed for a “rare” recession in the middle of this year as a protracted war appears to be on the horizon amid the prospect of US troops moving into the Middle East. Economists have warned that … Read more