The Iran war's economic hit could linger through 2026, economists say
Economists say Americans should expect elevated prices at the pump and rising grocery costs in the months to come.
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Economists say Americans should expect elevated prices at the pump and rising grocery costs in the months to come.
While inflation has cooled in some areas, many families say prices are not dropping enough to make a real difference. As a result, they are finding new ways to stretch their dollars and stay afloat.
The chain's North American operator forecast it will open 205 stores in 2026, although those openings will be outpaced by a series of closures.
Inflation rose at an annual rate of 3.3% in March, driven by the sharpest monthly increase in gas prices since 1967.
These charts track prices consumers pay for groceries and other goods now compared to five years ago.
Economic forecasts show that this week's March Consumer Price Index could show prices climbing at their fastest pace in nearly two years.
According to a Nova Southeastern University economics professor, necessities such as groceries could become more expensive as fuel costs used to ship goods continue to rise.
Mortgage rates, though still well below their level a year ago, have edged up since the Iran war erupted. Here's why.
The inflation data captures the period before the Iran war broke out. Since then, oil prices have surged, driving inflation fears.
The inflation reading, the lowest since May 2025, shows grocery, gas and rent prices are cooling.
Most Republicans feel Trump has done more than expected, while others have views that are more mixed.
Food prices in December saw their biggest jump in more than three years, data shows, while the cost of eating out has also risen.
Although there are signs that inflation is starting to ease, consumers still face pressures from high food prices and other costs.
The minutes released Tuesday indicate that some Fed officials who supported the rate cut had reservations.
On the last Saturday before Christmas, food and toy giveaways were held across South Florida, providing meals and gifts for those in need on Christmas morning.
Economists had expected CPI to rise at an annual rate of 3% last month.
President Trump says he's winning the war against inflation. But a look at prices around the U.S. shows why many Americans still feel financially squeezed.
The Federal Reserve is grappling with economic issues including higher inflation and a slowing labor market.
A higher Medicare Part B premium in 2026 could erode next year's cost-of-living adjustment for Social Security recipients, experts say.
Those prioritizing economy say Trump is not spending enough time on it, as ratings of economy, his handling of inflation slip.
Although inflation has eased, many Americans say they still feel squeezed financially. Here are five areas where households are feeling the pinch.
The percentage of Americans just scraping by financially is rising as wage growth slows and inflation flares, Bank of America finds.
Wholesale prices for frozen turkeys are expected to be $1.32 per pound this year, a 40% increase from last year's average.
Although grocery prices have continued to climb in 2025, a Thanksgiving dinner will cost 2% to 3% less this year, one analysis found.
Visa predicts Americans will spend an average of $736 on holiday gifts in 2025, a 10% increase from the $669 reported last year.
Routes that are under a certain distance will no longer offer food and beverage service, the airline said.
Near record-high temperatures will be moving into South Florida as the week continues.
Iranian vessels fired on U.S. ships guiding vessels through the Strait of Hormuz, resulting in the U.S. sinking several small Iranian boats.
The holiday, second only to Valentine's Day in flower sales, is driving up demand and pushing prices higher across South Florida.
According to Hollywood Fire Rescue, the fire was reported at a home in the 6700 block of Harding Street just after 3:30 a.m.
Routes that are under a certain distance will no longer offer food and beverage service, the airline said.
Near record-high temperatures will be moving into South Florida as the week continues.
Iranian vessels fired on U.S. ships guiding vessels through the Strait of Hormuz, resulting in the U.S. sinking several small Iranian boats.
The holiday, second only to Valentine's Day in flower sales, is driving up demand and pushing prices higher across South Florida.
According to Hollywood Fire Rescue, the fire was reported at a home in the 6700 block of Harding Street just after 3:30 a.m.
In courtroom testimony, Shandelle Maycock recounted the harrowing night her daughter was abandoned in the Everglades, describing the horrors they endured.
A former prison guard trainee has been sentenced to death for the 2019 execution-style killings of five women inside a Florida bank.
Florida coach Billy Napier is getting a fourth season to try to get the Gators back to their winning ways.
A Florida man has filed a federal lawsuit against Jacksonville sheriff's officers who severely beat him last year after he ran from a traffic stop.
The Marion County Sheriff's deputy told authorities that he accidentally shot and killed his girlfriend while cleaning his gun.
Iranian vessels fired on U.S. ships guiding vessels through the Strait of Hormuz, resulting in the U.S. sinking several small Iranian boats.
The U.S. military says it launched another strike on a boat accused of ferrying drugs in the Caribbean Sea, killing two people, as the number of recent strikes continues to ramp up.
Two U.S. Navy destroyers transited the Strait of Hormuz and entered the Persian Gulf after navigating an Iranian barrage, according to defense officials.
A federal appeals court blocked a FDA rule that allowed the abortion pill mifepristone to be dispensed through the mail.
The incident occurred one week after shots were fired during the White House Correspondents' Dinner in Washington, D.C., and Mr. Trump was rushed off the dais.
Several commissioners have raised questions about how the center would be funded in future years.
In an interview on Facing South Florida, Wasserman Schultz said the Governor's efforts to redraw the maps will almost certainly violate the Fair Districts constitutional amendment voters in Florida passed in 2010.
The center – which was promised to voters back in 2004 – would take mentally ill individuals out of the jail and move them into a place where they can receive comprehensive treatment and support.
Luna said she expects Florida Democrat Sheila Cherfilus-McCormick to be the next member who either resigns or gets expelled.
Uthmeier was asked several times during a press conference in Miami this week if he had formally requested the judge overseeing the grand jury to keep the findings secret.
Seventy-three percent of Americans say delays and denials of medical treatment by healthcare insurers are a major problem. Now, a company called Sheer Health says they will fight insurance battles on behalf of their clients.
An unlicensed cosmetologist from Florida has been found guilty in a California court for providing an injection that killed a model who was known as a Kim Kardashian lookalike, prosecutors said.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
AARP is sounding the alarm because it is so easy to fall for these schemes, but there are simple things everyone can do to protect themselves.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
Florida insurance policyholders could be seeing some form of relief in their wallets thanks to market reforms made statewide, Gov. Ron DeSantis said.
The company said Tuesday that 85% of its retail products and "nearly all" of its school offerings are already made without "certified colors."
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
A trial in the lawsuit between Blake Lively and Justin Baldoni was set to begin later in May.
The performance followed similar shows by Madonna in 2024 and Lady Gaga last year on one of the world's most iconic waterfronts.
Attending this year's Kentucky Derby meant more for thoroughbred expert Mark Toothaker, who suffered a seizure from laughing at a whiffed NFL field goal attempt that led to a lifesaving diagnosis.
David Allan Coe also had hits with "You Never Even Called Me By My Name" and "The Ride" among others.
Jake was at the funeral for one of his closest friends when he learned of his parents' deaths, he said.