Pakistan Braces for Double-Digit Inflation After Gulf Conflict Sends Oil Prices Surging
A record fuel-price hike tied to Middle East turmoil threatens to end Pakistan’s low-inflation streak, squeezing households and testing IMF-backed reforms.
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A record fuel-price hike tied to Middle East turmoil threatens to end Pakistan’s low-inflation streak, squeezing households and testing IMF-backed reforms.
Job openings slipped to 6.9 million in February and hiring fell to its slowest pace since April 2020, signaling a cooling U.S. labor market.
The ECB kept interest rates unchanged, warning that a Middle East-driven energy shock has pushed inflation risks higher even as eurozone growth slows.
February CPI showed inflation near the Fed’s target. Then Middle East conflict jolted oil markets, pushing U.S. gas prices sharply higher.
After the Fed held steady, an Iran-linked oil shock pushed futures markets to price fewer cuts—and a rising chance the next rate move is up.
Beijing targets 4.5%–5% GDP growth for 2026 and unveils record bond sales and spending, signaling slower, state-managed expansion.
The IMF nudged its 2026 global growth forecast up to 3.3% on AI-driven investment, but warns high debt, frothy markets and aid cuts leave economies fragile.
Employers cut 92,000 jobs in February, the biggest drop since late 2025, as revisions and strike impacts fuel debate over Fed rate cuts.
The European Central Bank kept rates unchanged after the Iran conflict sent oil and gas prices soaring, raising inflation risks and dimming growth.
A surge in oil and gas prices after war erupted in Iran prompts a unanimous Bank of England vote to hold rates, delaying hoped-for relief.
A January PCE report showed sticky core inflation even before the Iran conflict sent oil past $100, complicating the Fed’s path to rate cuts.
The Fed keeps rates at 3.50%–3.75% as oil prices surge on the Iran conflict, inflation stays high, and Trump renews calls for cuts.
Employers cut 92,000 jobs in February and unemployment rose to 4.4%, a sharp downside surprise clouding the Fed outlook and politics.
Pakistan’s central bank held its key rate at 10.5% as a Middle East conflict disrupts shipping and lifts oil prices, reviving inflation fears.
A knife-edge Bank of England vote looked set for cautious rate cuts—until conflict in Iran sent energy prices soaring and revived inflation fears.
Eurozone inflation rose to 1.9% in February, above forecasts, with core and services prices accelerating—prompting markets to push back ECB cut bets.
Consumer prices rose 0.3% in February, keeping inflation near the Fed’s target—just before a Middle East oil shock threatens to lift costs.
Chief Minister Bhagwant Mann rolled out Punjab’s Industrial and Business Development Policy 2026, offering customizable subsidies and 15-year incentives to draw $9B.
Employers cut 92,000 jobs in February and unemployment rose to 4.4%, complicating the Fed’s outlook as oil-driven inflation risks build.
Premier Li set a 4.5%–5% 2026 growth goal while unveiling bigger AI, advanced manufacturing and green-tech bets backed by bonds and state investment.