April 24, 2026
United States:
Economists Raise US Inflation Forecasts as Iran War Drags On
Economists raised their estimates for US inflation and said they expect only one Federal Reserve interest-rate cut this year amid elevated energy costs sparked by the Iran war.
The personal consumption expenditures price index is now seen rising 3.6% in the second quarter from a year earlier, according to Bloomberg’s April survey of economists.
Europe:
Bank of England Surveys Suggest Energy Shock Isn’t Fueling Wages
UK firms are planning their largest price hikes in over two years but the energy price shock from the Iran war has yet to stir wage demands as anxiety mounts among consumers and businesses, Bank of England surveys showed.
In April, firms told the BOE’s Decision Maker Panel survey they expect to raise prices by 4.4% over the next year, up from the 3.7% planned in March.
Asia:
Japan’s Inflation Picks Up as Oil Clouds Outlook Ahead of BOJ
Japan’s key inflation gauge accelerated for the first time in five months, suggesting price pressures were building even before the full impact of elevated oil prices ripples through the economy.
Japan’s core consumer prices excluding fresh food rose 1.8% from a year earlier in March, the Ministry of Internal Affairs and Communications said Friday.
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