Pessimistic
Last updated: 2026-03-03 23:49:03 ET
Pulse AI Brief
Updated Mar 3, 2026 10:01 PM ET
U.S. average gas prices recorded their biggest single-day surge in four years as the Iran conflict rattled energy markets. Minneapolis Fed President Neel Kashkari, citing the inflationary precedent of Russia's Ukraine invasion, said he wants to wait and assess before committing to rate cuts — though one or two reductions later in 2025 remain possible.
Higher pump prices act as a direct consumer tax, compressing discretionary spending and threatening retail and consumer staples margins. The Fed's hawkish pause signal pushes rate-sensitive sectors — housing, utilities, REITs — further into the red.
A war-driven energy shock arriving on top of existing tariff inflation creates a stagflationary bind for the Fed, limiting its ability to cushion any growth slowdown with rate cuts.
President Trump acknowledged for the first time on Tuesday the economic toll for Americans of his assault on Iran, saying oil prices were likely to spike.
Oil prices continue to climb and U.S. stock markets remain uneasy amid the war with Iran. CBS News' Kelly O'Grady has the details.
Motorists are already on high alert for any changes to prices for gasoline at the pump as the U.S. conflict with Iran spreads beyond last weekend’s ...
The US President said he was taking steps to keep energy supplies flowing as oil and gas prices continued to surge.
The U.S. war with Iran is rattling energy and financial markets. Gasoline prices jumped overnight while stock prices tumbled.
Diesel prices at both the retail level and in the futures market are soaring in the wake of the Middle East conflict. The post Diesel futures and reta...
'United States Navy will begin escorting tankers through the Strait of Hormuz'
Financial markets are now pricing in months of higher gasoline prices, and panic is spreading.
Oil prices have soared more than14% this week as tanker traffic through the Strait of Hormuz has ground to a halt. European natural gas has soared mor...
High oil prices can be expected for “a little while,” President Donald Trump said Tuesday, as he predicted a significant fall for crude when the U...
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