|
|
|
|
|
|
|
|
|
|
Trump’s War on Iran Threatens to Drive Up Oil Prices and Inflation
|
|
|
|
|
|
|
|
The U.S.-Israel offensive against Iran risks sparking a wide conflict in a region that churns out about one-third of global crude—potentially snarling President Trump’s stated goal to make life more affordable for U.S. consumers. These concerns arrive at a sensitive moment. Inflation worries were already ratcheting up as January's hotter-than-expected wholesale-inflation numbers suggested the Federal Reserve's preferred inflation metric may have accelerated last month. All eyes now turn to nonfarm payrolls data for February due on Friday; investors will be looking to see whether January’s surprisingly strong payrolls numbers were a one-off.
|
|
|
|
Trump’s War on Iran Threatens to Drive Up Oil Prices and Inflation
|
|
|
|
|
|
Photo: Associated Press
|
|
|
|
|
|
U.S. and Israeli strikes against the Iranian regime and military threaten to upend the global oil market and send shock waves through the world economy. President Trump said the U.S. had launched a major combat operation, with far broader objectives than strikes last year that targeted Iranian nuclear sites. The attacks risk sparking a wider regional war and greater economic disruption than the earlier conflict.
|
|
|
|
Economists Expect PCE Inflation to Heat Up
|
|
|
The personal-consumption expenditures price index, against which the Federal Reserve measures its 2% inflation target, takes in most of its data from the consumer- and producer-price indexes. So with those numbers in hand, analysts can forecast PCE inflation readings with good accuracy. Crunching the numbers, many analysts are now projecting that the core PCE price index, which excludes volatile food and energy items, rose by 0.4% or 0.5% last month. Those numbers would bring 12-month core PCE inflation up to 3.1% or 3.2%—the highest reading in more than a year, and even farther from the Fed's target.
|
|
|
|
|
|
Manufacturing Construction Spending Falls for 11 Straight Months
|
|
|
Spending on U.S. factory construction in December fell for the 11th-straight month, according to new Census Bureau data, the latest sign that President Trump's push to reshore manufacturing is facing pressure.
|
|
|
Canada’s Economy Contracts in Fourth Quarter, Capping a Soft Year
|
|
|
Canada’s economy shrank as it closed out 2025, yet still managed to show resilience against the U.S. administration’s protectionist shift. Gross domestic product declined at an annualized rate of 0.6% in the October-to-December period.
|
|
|
|
|
China ‘Two Sessions’ to Shed Light on What Lies Ahead for Economy
|
|
|
One of the year’s biggest policy events for China watchers is set to start this week, bringing the top brass together to chart the course for the world’s second-largest economy.
|
|
|
|
|
Asian Manufacturers Show Resilience as Demand Rises
|
|
|
A gauge of manufacturing activity signaled continued improvement in some of Asia’s top exporting economies midway through the first quarter, as demand for the region’s goods defied a volatile global environment.
|
|
|
German Inflation Inches Down, French Price Growth Rebounds
|
|
|
German inflation fell slightly in February, while consumer price growth in France rebounded from pandemic lows, which should reassure the European Central Bank that monetary policy remains in a good place.
|
|
|
|
|
|
|
|
9:45 a.m.: US Manufacturing PMI
10 a.m.: ISM Report On Business Manufacturing PMI
|
|
|
|
|
9 a.m.: Johnson Redbook Retail Sales Index
10 a.m.: RCM/TIPP Economic Optimism Index
4 p.m.: Domestic Auto Industry Sales
|
|
|
|
|
WSJ Pro Central Banking brings you central banking news, analysis and insights from WSJ’s global team of reporters and editors. This newsletter was compiled by markets reporter Vicky Ge Huang in New York. Send your tips, suggestions and feedback to vicky.huang@wsj.com.
|
|
|
|
|
|
