Iran war drags into month 3 as inflation bites | Morning Bid
Three months into the Gulf war, renewed U.S.-Iran military exchanges have sent oil back to around $100 a barrel, dashing hopes of an imminent peace deal. April PCE inflation is forecast near 3.8% - almost twice the Fed's target - with May nowcasts already above 4%. Plus, U.S. President Dondald Trump's softer tone on rate cuts is raising fresh questions about whether his administration's weaker-dollar ambitions are also being quietly shelved. #News #Reuters #Newsfeed Read the story here: ๐ Subscribe: https://reut.rs/4b8fRGn Keep up with the latest news from around the world: https://www.reuters.com/ Follow Reuters on Facebook: https://www.facebook.com/Reuters Follow Reuters on X: https://twitter.com/Reuters Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en
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