U.S. inflation

Oil prices fall 1% on Israel-Hamas ceasefire talks, U.S. inflation concerns

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Oil prices fall 1% on Israel-Hamas ceasefire talks, U.S. inflation concerns

Oil prices fell in early Asian trading on Monday, erasing gains from Friday as Israel-Hamas peace talks in Cairo eased fears of a wider conflict in the Middle East and U.S. inflation data further dimmed the prospects of interest rate cuts anytime soon. Brent crude futures fell by as much as $1, or 1.1% to … Read more

Gasoline, shelter costs drive U.S. inflation higher in February

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Gasoline, shelter costs drive U.S. inflation higher in February

U.S. consumer prices increased solidly in February amid higher costs for gasoline and shelter, suggesting stickiness in inflation that cast some doubts on whether the Federal Reserve would start cutting interest rates in June. February marked the second straight month of firmer inflation readings. Inflation-weary Americans, however, got some relief from their grocery bills, as … Read more