Businessweek Daily

Inflation Data Suggest More Consumer Pain Ahead

Iran war complicates the economy for the next Fed chair.
Gasoline prices in Columbus, Ohio, on Monday.Photographer: Brian Kaiser/Bloomberg

Data released today show how much the US-Israel war on Iran is hitting the economy as energy costs surge. Enda Curran, who covers the Federal Reserve for Bloomberg News in Washington, explains the impact. Plus: A politicized World Cup lumbers toward kickoff, and data centers need more than chips to keep humming.

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