business / news / / The Economic Times
stocks closed mixed as investors weighed Middle East tensions and Iran peace talks.
The Strait of Hormuz remains closed by Iran, demanding a Lebanon ceasefire and asset unfreezing.
KEY POINTS
- The latest CPI showed the largest monthly consumer price jump in nearly four years, driven by energy.
- Core CPI was cooler than expected, but oil shocks are expected to prolong high inflation.
- University of Michigan consumer sentiment plunged to a record low, with expectations at their lowest since 1980.
- San Francisco Fed President Mary Daly said the Iran war oil shock will delay reaching the 2% inflation target.
COMPANIES
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