{"id":151083,"date":"2026-06-08T14:52:14","date_gmt":"2026-06-08T14:52:14","guid":{"rendered":"https:\/\/www.europesays.com\/iran\/151083\/"},"modified":"2026-06-08T14:52:14","modified_gmt":"2026-06-08T14:52:14","slug":"iran-inflation-hang-over-markets-economy-national-news","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/iran\/151083\/","title":{"rendered":"Iran, Inflation Hang Over Markets, Economy | National News"},"content":{"rendered":"

Markets enter Monday in muted fashion after last week\u2019s nearly 700-point drop in the Dow Jones Industrial Average, as President Donald Trump tries to salvage a shaky ceasefire with Iran.<\/p>\n

Over the weekend, the Middle East conflict passed its 100th day, with Iran and Israel trading attacks and Trump calling for the two sides to stop hostilities<\/a>. Oil prices, meanwhile, were trading higher early Monday with the global benchmark of Brent crude at $97 a barrel.<\/p>\n

Reports Monday morning indicated that Iran had ended attacks on Israel, but there were few details.<\/p>\n

The week will provide markets and economists with plenty to be concerned about, with updates on consumer<\/a> and wholesale prices due Wednesday and Thursday, respectively. Forecasts call for the former to top a 4% annual rate \u2013 a key threshold that is likely to keep inflation in the forefront of the minds of consumers this summer.<\/p>\n

The Best Cartoons on Donald Trump<\/p>\n

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On Friday, the University of Michigan releases its June estimate of consumer sentiment. Concerns over prices and the Iran war are likely to leave consumers in a sour mood.<\/p>\n

In contrast, last Friday\u2019s bumper jobs report<\/a> \u2013 172,000 new jobs were created in May, more than double what economists had forecast \u2013 removed worries over the state of the labor market for now.<\/p>\n

\u201cInvestor ebullience is largely missing from the clients we talk to who grow more nervous by the moment as markets continue to reach new highs,\u201d Carol Carol Schleif, chief market strategist at BMO Wealth Management, wrote in an email Monday. \u201cThere is still anxiety out there fueled by the continual flow of negative headlines on the Middle East, tariffs, and contentious politics, which all add to the psychological unrest. Oddly enough, this skepticism coupled with strong fundamentals and powerful secular trends is the combination of factors that can allow the markets to continue to climb the wall of worry higher.\u201d<\/p>\n

But it is inflation that dominates the mind of most Americans, and the psychological toll of a 4% annual CPI could be significant.<\/p>\n

\u201cHeadline CPI is expected to top 4% year-over-year in the May release, reaching a three-year high on last month\u2019s rise in gasoline prices,\u201d Bill Adams, chief economist at Comerica Bank, wrote on Monday. \u201cCore CPI should run cooler, near 3% year-over-year.\u201d<\/p>\n

\u201cPrices rose faster than average hourly earnings in May, eroding consumers\u2019 purchasing power,\u201d Adams added. \u201cThe PPI (producer price index) likewise registered another outsize increase and outpaced the CPI, reflecting the larger shares of petroleum products, metals, and shipping costs in the producer price basket.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Markets enter Monday in muted fashion after last week\u2019s nearly 700-point drop in the Dow Jones Industrial Average,…\n","protected":false},"author":2,"featured_media":151084,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[3],"tags":[147,376,1004,34,345,34118],"class_list":["post-151083","post","type-post","status-publish","format-standard","has-post-thumbnail","category-iran","tag-economy","tag-gas-prices","tag-inflation","tag-iran","tag-national-news","tag-tim-smart"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@iran\/116715057627046342","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/151083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/comments?post=151083"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/151083\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media\/151084"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media?parent=151083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/categories?post=151083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/tags?post=151083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}