Federal Reserve officials assess economic impact of U.S.-led war on Iran

14 articles · Updated · Reuters · Apr 29

Gasoline prices have surged by about a third to over $4 per gallon nationally since the conflict began, sharply raising headline inflation.
Labor market indicators remain steady, with jobless claims unchanged and no significant war-related layoffs, while retail sales and some manufacturing measures have increased but industrial output has declined.
Fed officials lack comprehensive post-war data on GDP and consumer spending, and uncertainty persists over growth forecasts, with inflation expectations mixed across different surveys and market indicators.

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