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U.S. consumer prices rose 3.8% year over year in April 2025, up sharply from 3.3% in March, driven by gasoline prices linked to the Iran conflict. The acceleration complicates Federal Reserve rate-cut plans and raises borrowing costs for households and businesses.
President Trump says Iran's response to the latest U.S. peace plan could come "any minute," though no reply has arrived. Meanwhile, U.S. gasoline prices rose again to $4.53 a gallon, up 25 cents for the second straight week.
Brent crude surged past $126 a barrel on Thursday, its highest wartime peak in over a decade, while U.S. gasoline hit $4.30 a gallon. The spike raises inflation pressure globally and squeezes consumer budgets. Markets are watching whether producers can raise output fast enough to ease prices.
JPMorgan CEO Jamie Dimon said US consumers have not fallen off a cliff despite gasoline prices at $4 per gallon. The assessment matters because JPMorgan's transaction-level data gives the bank a direct read on household spending, making Dimon's view a leading signal for consumer health debates.
Tag
U.S. consumer prices rose 3.8% year over year in April 2025, up sharply from 3.3% in March, driven by gasoline prices linked to the Iran conflict. The acceleration complicates Federal Reserve rate-cut plans and raises borrowing costs for households and businesses.
1mo ago · 4 min · Economy
President Trump says Iran's response to the latest U.S. peace plan could come "any minute," though no reply has arrived. Meanwhile, U.S. gasoline prices rose again to $4.53 a gallon, up 25 cents for the second straight week.
1mo ago · 2 min · Global Affairs
Brent crude surged past $126 a barrel on Thursday, its highest wartime peak in over a decade, while U.S. gasoline hit $4.30 a gallon. The spike raises inflation pressure globally and squeezes consumer budgets. Markets are watching whether producers can raise output fast enough to ease prices.
2mo ago · 1 min · Markets
JPMorgan CEO Jamie Dimon said US consumers have not fallen off a cliff despite gasoline prices at $4 per gallon. The assessment matters because JPMorgan's transaction-level data gives the bank a direct read on household spending, making Dimon's view a leading signal for consumer health debates.
2mo ago · 1 min · Economy
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