#inflation-concerns

#inflation-concerns

Markets could remain sensitive to the developments in the Middle East. Tensions remain elevated in the region amid continued incidents in the Strait of Hormuz and a failed attempt for a second round of talks this week, undermining prospects for a near-term resolution.

Trump's approval rating on inflation and prices dropped to 35 points underwater, matching the lowest level reached by Joe Biden during his inflation-ravaged presidency.

Public sector net borrowing fell by £19.8 billion, or 13.1pc, to £132 billion over the 12 months to the end of March, the lowest level since 2022-23.

J Sainsbury plc has warned that the conflict in the Middle East will impact both our customers and our business, raising the prospect of lower profits this year as geopolitical pressure feeds through into household budgets and supply chains.

Amazon is offering fuel savings for Prime members on Fridays - up to 20 cents per gallon - through May 29, aiming to attract cost-conscious shoppers.

Canada's annual inflation rate rose to 2.4% in March, driven by high prices for energy, especially gas, due to the war in Iran.

High energy prices are kryptonite for the housing market. Affordability, especially for those first-time home buyers, is now an elusive dream until oil prices come down and interest rates come down.

The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the economic outlook remains elevated. The implications of developments in the Middle East for the US economy are uncertain, the central bank said in a statement announcing its policy decision and referring to its Federal Open Market Committee.

The resilience of gold above $4,800 per ounce at this stage reflects a delicate and complex balance between traditional supporting factors and emerging pressures-one that cannot be superficially interpreted or reduced to the movement of the dollar alone. It is true that the U.S. dollar's retreat from its recent peaks, after failing to sustain its recovery momentum from a four-year low, provided gold with a short-term breather and attracted some buyers.